Sumax Engineering IPO 2026: Price Band, Dates, Lot Size & Key Details

Sumax Engineering IPO 2026: Price Band, Dates, Lot Size & Key Details

Sumax Engineering Limited, a company engaged in manufacturing and trading auto products for the Automotive OEM and Auto Refinish markets, is launching its initial public offering (IPO) on the NSE SME platform. The IPO gives investors a window to bid for shares before the company lists. Below is a complete, easy-to-read breakdown of the price band, key dates, lot size, issue structure, and business snapshot of the Sumax Engineering IPO 2026.

Sumax Engineering IPO: Key Details at a Glance

Price Band and Lot Size Explained

The price band for the Sumax Engineering IPO has been fixed at ₹95 (lower end) to ₹101 (upper end) per equity share, with a face value of ₹10 each. The applicable lot size is 1,200 equity shares, and retail investors are required to apply for a minimum of 2 lots (2,400 shares). Key points to note:

• Minimum lot: 2,400 shares → ₹2,28,000 (lower band) to ₹2,42,400 (upper band)

• Application multiples: Bids must be made in multiples of 1,200 shares beyond the minimum lot

• Application modes: ASBA (through net banking) or UPI (through brokers)

• SME caution: This is an SME issue; SME shares often trade in lower volumes after listing compared with mainboard stocks

IPO Structure and Objects of the Issue

The Sumax Engineering IPO is a book-built issue combining a fresh issue of shares worth up to ₹43.34 crore with an offer for sale (OFS) worth up to ₹10.06 crore by selling shareholder(s). As the OFS portion goes to the selling shareholder(s), only the fresh issue proceeds will be available to the company. As per the offer documents, the funds raised through the fresh issue are proposed to be used for:

• Working capital: Funding the working capital requirements of the company

• Other uses: As detailed further in the Red Herring Prospectus (RHP), including any allocation towards general corporate purposes

Company Snapshot: Business Overview

Incorporated in 1994, Sumax Engineering Limited is engaged in both the manufacturing and trading of a diverse range of products for the Automotive OEM (Original Equipment Manufacturer) market and the auto refinish market. Key business highlights include:

• Product range: Adhesive tapes and die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes and printing solutions, domes and graphics, and a range of car care products

• Manufacturing footprint: Two manufacturing facilities, located in Tamil Nadu and Haryana, both operating at high capacity utilisation

• Market presence: Business presence across 26 states and union territories in India

• Sector focus: Serves both the Automotive OEM market and the auto refinish (repair and maintenance) market

• Industry tailwind: The offer documents note that India's electric vehicle (EV) market is projected to see substantial growth over the coming years, a trend relevant to auto-component and auto-care product manufacturers

How to Apply for the Sumax Engineering IPO

• Step 1: Log in to your broker's trading app or your bank's net banking/ASBA facility

• Step 2: Search for 'Sumax Engineering Limited' in the IPO section

• Step 3: Select the number of lots (minimum 2 lots for retail investors) within the price band

• Step 4: Enter your UPI ID (for UPI applications) or authorise via ASBA

• Step 5: Approve the mandate request in your UPI app to block the application amount

• Step 6: Track allotment status on the registrar's website using PAN, application number, or DP/Client ID

Points Investors Should Note

• SME listing: This is an SME IPO listing on the NSE SME platform, which typically carries different liquidity and trading characteristics compared to mainboard listings

• High minimum ticket size: The minimum application requires over ₹2.4 lakh for one retail application (2 lots)

• Partial OFS component: A portion of the issue is an offer for sale, meaning that part of the proceeds goes to the selling shareholder(s) rather than the company

• Sector sensitivity: The auto components and auto-care products business can be influenced by automobile production cycles, raw material costs, and demand shifts linked to the growing EV segment

• Read the RHP: Interested applicants are encouraged to go through the company's Red Herring Prospectus (RHP) for complete details before making any decisions

Frequently Asked Questions (FAQs)

1. When does the Sumax Engineering IPO open and close?

The IPO opens for subscription on August 25, 2026, and closes on August 28, 2026.

2. What is the price band of the Sumax Engineering IPO?

The price band is fixed at ₹95 to ₹101 per equity share, with a face value of ₹10 per share.

3. What is the lot size for this IPO?

The lot size is 1,200 equity shares. Retail investors must apply for a minimum of 2 lots (2,400 shares).

4. What is the minimum investment amount required?

At the upper price band, the minimum retail investment is ₹2,42,400 for 2 lots (2,400 shares).

5. What is the total issue size of the IPO?

The total issue size is up to ₹53.40 crore, comprising a fresh issue of up to ₹43.34 crore and an offer for sale of up to ₹10.06 crore.

6. On which exchange will Sumax Engineering shares be listed?

The shares are proposed to be listed on the NSE SME platform, with a tentative listing date of September 2, 2026.

7. When will the IPO allotment be finalised?

The basis of allotment is tentatively scheduled to be finalised on August 31, 2026.

8. Who is the registrar for the Sumax Engineering IPO?

KFin Technologies Limited is the registrar to the issue.

9. How can I apply for the IPO?

Applications can be made online through ASBA via net banking or through UPI-enabled broker platforms during the subscription window.

10. What does Sumax Engineering Limited do?

The company manufactures and trades products for the Automotive OEM and auto refinish markets, including adhesive tapes, rubbing and polishing compounds, buffing pads, reflective tapes, and car care products, operating manufacturing facilities in Tamil Nadu and Haryana.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.