Sumax Engineering IPO listing: listed at ₹111, +9.9% over the issue price
Sumax Engineering listed on NSE SME on 2 Sep 2026 at ₹111 per share, +₹10 (+9.9%) against the upper price band of ₹101. The issue (price band ₹101, bidding 25 Aug 2026 to 28 Aug 2026) was subscribed 162.94x overall. The last grey-market premium we captured before listing was ₹31 on 1 Sep 2026 (daily average of 11 quotes), which implied a listing price of ₹132; the shares listed at ₹111, ₹21 below that.
Updated 6 Oct 2026, 19:02 IST. Dated dealer references.
Listing day facts
| Listing date | 2 Sep 2026 |
|---|---|
| Exchange | NSE SME |
| Listing price | ₹111 |
| Upper price band (issue price basis) | ₹101 |
| Gain or loss vs upper band | +₹10 per share (+9.9%) |
| Price band | ₹101 |
| Issue dates | 25 Aug 2026 to 28 Aug 2026 |
| Subscription (overall, at close) | 162.94x, as of 28 Aug 2026 |
| Lot size | 1,200 shares |
| Gain or loss per lot vs upper band | +₹12,000 |
Grey-market premium against the actual listing
The last grey-market premium we captured before listing was ₹31 on 1 Sep 2026 (daily average of 11 quotes), which implied a listing price of ₹132; the shares listed at ₹111, ₹21 below that.
| Date | GMP | Implied listing price | Actual listing vs implied | Quotes captured |
|---|---|---|---|---|
| 18 Aug 2026 | ₹10 | ₹111 | ₹0 (0.0%) | 5 |
| 19 Aug 2026 | ₹21 | ₹122 | −₹11 (−9.0%) | 11 |
| 20 Aug 2026 | ₹30 | ₹131 | −₹20 (−15.3%) | 11 |
| 21 Aug 2026 | ₹32 | ₹133 | −₹22 (−16.5%) | 13 |
| 22 Aug 2026 | ₹32 | ₹133 | −₹22 (−16.5%) | 12 |
| 23 Aug 2026 | ₹32 | ₹133 | −₹22 (−16.5%) | 10 |
| 24 Aug 2026 | ₹32 | ₹133 | −₹22 (−16.5%) | 12 |
| 25 Aug 2026 | ₹33 | ₹134 | −₹23 (−17.2%) | 5 |
| 26 Aug 2026 | ₹29 | ₹130 | −₹19 (−14.6%) | 5 |
| 27 Aug 2026 | ₹28 | ₹129 | −₹18 (−14.0%) | 9 |
| 28 Aug 2026 | ₹36 | ₹137 | −₹26 (−19.0%) | 9 |
| 29 Aug 2026 | ₹36 | ₹137 | −₹26 (−19.0%) | 13 |
| 30 Aug 2026 | ₹36 | ₹137 | −₹26 (−19.0%) | 10 |
| 31 Aug 2026 | ₹36 | ₹137 | −₹26 (−19.0%) | 10 |
| 1 Sep 2026 | ₹31 | ₹132 | −₹21 (−15.9%) | 11 |
GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged by day. Only the price band and the exchange listing price are official.
Frequently asked questions
What was the Sumax Engineering IPO listing price?
Sumax Engineering listed on NSE SME on 2 Sep 2026 at ₹111 per share.
How did Sumax Engineering list against the issue price?
The listing price of ₹111 was +₹10 per share (+9.9%) against the upper price band of ₹101.
What did the grey market indicate before Sumax Engineering listed?
The last grey-market premium we captured before listing was ₹31 on 1 Sep 2026 (daily average of 11 quotes), which implied a listing price of ₹132; the shares listed at ₹111, ₹21 below that. GMP is unofficial and not a forecast.
Where do Sumax Engineering shares trade now?
On NSE SME. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.
Sumax Engineering IPO overview · GMP history · Subscription status · Allotment status
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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