Sumax Engineering IPO

Sumax Engineering IPO closed on 28 Aug 2026. Allotment 31 Aug 2026, listing 2 Sept 2026. Price band ₹95–₹101, lot 1200 shares, GMP +₹22 (21.78%). Track allotment on Allotly.

About Sumax Engineering

Sumax Engineering is engaged in the manufacturing and trading of a diverse range of products for the Automotive Original Equipment Manufacturer (OEM) and Auto Refinish markets. The company’s manufacturing division produces adhesive tapes, die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, printing solutions, domes, graphics, and a range of car care products. Its trading segment supplies essential items such as electrical and pneumatic tools, abrasive materials, body shop consumables, and aerosol products. The company adheres to ISO 9001:2015 and IATF 16949:2016 certifications, ensuring its products meet both national and international quality standards. By utilizing premium-grade raw materials and maintaining rigorous quality control, Sumax Engineering aims to deliver reliable and high-performance solutions tailored to the evolving demands of the automotive…

Strengths

• Strong manufacturing capabilities ensure product quality and consistency.
• Diverse product portfolio catering to both OEM and auto refinish markets.
• Long-standing relationships with automotive OEMs ensure steady demand.
• Experienced promoters, management, and operating team.
• Advanced in-house processing facilities focused on cost competitiveness.

Risks

• Rising costs, supply disruptions, and import restrictions on raw materials may impact financial performance.
• The company is significantly dependent on imports for raw material procurement.
• A substantial portion of revenues is derived from the top 10 customers.
• The business is heavily reliant on the performance of the broader automotive industry.
• The registered office and a manufacturing unit are not owned by the company.

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