Overview
Updated 12 days agoSumax Engineering Limited is an automotive component manufacturer and trader specializing in adhesive tapes, die-cuts, and car care products. The company is launching an IPO to fund the construction of two new manufacturing units and meet working capital requirements.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,21,200 |
| bNII (min) | 9 | 10,800 | ₹10,90,800 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 4 hr ago.
Issue details
| Status | Listed |
| Exchange | NSE |
| Segment | SME |
| Sector | Engineering |
| Price band | ₹95–101 |
| Final issue price | ₹101.00 |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Minimum investment | ₹1,21,200 |
| Issue size | ₹53.00 Cr |
| Market cap at upper band | ₹192 Cr |
| P/E at upper band | 11.7x |
| Registrar | Kfin Technologies Limited |
| Lead managers | GYR Capital Advisors Private Limited |
| NSE symbol | SUMAX |
| ISIN | INE11Z001019 |
Shareholder quota and promoter holding
Company & business
Sumax Engineering Limited, incorporated in 1994, is engaged in the manufacturing and trading of a diverse range of products for the automotive OEM and auto refinish markets. Its product portfolio includes adhesive tapes, die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, and car care products. The company operates manufacturing facilities in Chennai and Manesar. It serves automotive manufacturers and the aftermarket industry, with a focus on high-quality, precision-engineered components. The company has established long-standing relationships with major automotive OEMs and is expanding its production capabilities to cater to growing market demand.
Objects of the issue — how the money will be used
- Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I (₹4.89 Cr)
- Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II (₹16.62 Cr)
- Funding working capital requirements (₹12 Cr)
- General corporate purposes
Key strengths
- Experienced management team with over 30 years of industry expertise.
- Long-standing relationships with key automotive OEM customers.
- Comprehensive product range catering to diverse automotive needs.
- Advanced in-house manufacturing and processing facilities.
- Efficient logistics and supply chain management system.
- Consistent financial performance over the last three fiscal years.
Key risks
- High dependency on imports for raw material procurement, exposing the company to geopolitical and currency risks.
- Concentration of sales in Tamil Nadu and Haryana regions.
- Significant portion of revenue derived from top 10 customers.
- Registered office and manufacturing units are on lease, not owned.
- Operational risks associated with the shifting and integration of manufacturing facilities.
- Potential conflicts of interest due to the Group Company, Autokrom India Private Limited, operating in a similar line of business.
- Resignation of the previous statutory auditor may affect investor perception.
Promoters
Mr. Sudeep Mehta, Mrs. Smriti Mehta
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 130.79 | -- | 7.43 | 54.01 | 38.87 | 6.09 |
| FY25 | 146.13 | -- | 9.98 | 66.14 | 48.86 | 7.75 |
| FY26 | 147.69 | -- | 12.76 | 84.81 | 61.62 | 6.21 |
Key performance indicators · FY26
Peers & valuation
Other Engineering IPOs
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Technocrats Plasma SystemsTECHNOCRAT · BSE · SME · Engineering+83.0%21 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.