Sumax Engineering IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

24,09,600 shares (49.90% of the Offer)

NII

7,27,200 shares (15.06% of the Offer)

Retail

16,92,000 shares (35.04% of the Offer)

Employee

1,92,000 shares (3.63% of the Offer)

Current GMP

₹22

▲+21.78%

Estimated listing price

₹123

Issue price ₹101

Highest

₹36

28 Aug

Lowest

₹20

18 Aug

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

15.05

EPS (₹)

6.71

RoCE

24.64%

RoNW

20.44%

PAT Margin

6.83%

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Sumax Engineering Ltd was started in 1994. It makes and trades products used by vehicle makers and by the auto refinish market, that is the paint and body repair trade. The company works through two parts, manufacturing and trading. On the manufacturing side it makes adhesive tapes and die-cuts, pre-taped masking films, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products. On the trading side it supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products. The company has two manufacturing units, one at Sriperumbudur in Tamil Nadu and one at IMT Manesar in Haryana. It sells across 26 states and Union Territories in India and exports to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia and Taiwan. As on 31 March 2026 it had 121 employees.

Objects of the issue

1. Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan₹4.89 Cr
2. Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector 11, Model Economic Township, Village - Nimana, Tehsil Badli, District - Jhajjar, State Haryana₹16.62 Cr
3. Funding working capital requirements of the company₹12 Cr
4. General corporate purposes

Promoters and shareholding

Sudeep Mehta and Smriti Mehta

Promoter holding, pre-issue

96.74%

Promoter holding, post-issue

71.25%