Sumax Engineering IPO
Engineering • ₹53.4 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹101
Lot Size
1200 shares
Issue Size
₹53.4 Cr
Open
25 Aug 2026
Close
28 Aug 2026
Subscription
151×
IPO Schedule
| Issue Open Date | 25 Aug 2026 |
| Issue Close Date | 28 Aug 2026 |
| Allotment Date | 31 Aug 2026 |
| Listing Date | 01 Sept 2026 |
About Sumax Engineering
Sumax Engineering Limited is engaged in the manufacturing and trading of products for the automotive original equipment manufacturer (OEM) and auto refinish markets. Its manufacturing portfolio includes adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products. The company also manufactures and supplies paint protection film (PPF), a thermoplastic polyurethane film used on vehicle-painted surfaces. Its trading portfolio comprises electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products. The company operates two manufacturing units, one at SIPCOT Industrial Park, Sriperumbudur, Tamil Nadu, and another at IMT Manesar, Haryana. Its registered office is located in Secunderabad, Telangana. The company’s manufacturing processes are certified under ISO 9001:2015 and IATF 16949:2016 standards.
Company Details
Founders / Promoters
Mr Sudeep Mehta
Founded
1994
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Sumax Engineering — IPOFins Verdict
QuantitativeDriven by QIB demand at 121.3x and elevated disclosed risk (8/10), Sumax Engineering listed at a premium of 9.9% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- Sumax Engineering has a diversified product portfolio covering adhesive tapes and die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, car care products, abrasive products and ot
- The company is ISO 9001:2015 certified for quality management systems and IATF 16949:2016 certified for quality management systems specific to the automotive sector.
- The company claims to have in-house manufacturing facilities equipped with advanced machinery and technology. It states that these facilities allow it to control product development, quality assurance
- The company offers customised product designs, sizes and shapes for products such as adhesive tapes and buffing pads. It also states that it has a presence across nearly every state in India and expor
- The company states that it uses a Kanban or Just-in-Time (JIT) inventory system to maintain stock levels while meeting customer requirements. It also claims to work with established suppliers and part
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹101
Listing Price
₹111
Listing Gain/Loss
+9.90%
Listing Date
01 Sept 2026
Price Since Listing
Returns are measured against the ₹101 issue price.
Listing
₹111
+9.9%
Current
₹126.45
+25.2%
Want to buy this stock?
Trade Sumax Engineering on the secondary market
FAQ
What is the price band of Sumax Engineering IPO?
The price band is ₹101 per share with a lot size of 1200 shares. Minimum investment: ₹1,21,200.
What does Sumax Engineering do?
Sumax Engineering Limited is engaged in the manufacturing and trading of products for the automotive original equipment manufacturer (OEM) and auto refinish markets. Its manufacturing portfolio includes adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products. The company also manufactures and supplies paint protection film (PPF), a thermoplastic polyurethane film used on vehicle-painted surfaces. Its trading portfolio comprises electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products. The company operates two manufacturing units, one at SIPCOT Industrial Park, Sriperumbudur, Tamil Nadu, and another at IMT Manesar, Haryana. Its registered office is located in Secunderabad, Telangana. The company’s manufacturing processes are certified under ISO 9001:2015 and IATF 16949:2016 standards.
Should I apply for Sumax Engineering IPO?
Sumax Engineering listed at ₹111 (+9.9% premium to the ₹101 issue price) after 151.3x subscription. IPOFins Score 6/10: Driven by QIB demand at 121.3x and elevated disclosed risk (8/10), Sumax Engineering listed at a premium of 9.9% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Sumax Engineering?
Sumax Engineering was founded by Mr Sudeep Mehta in 1994.