Sumax Engineering IPO Day 2 Subscription Status: Issue Subscribed 4.88x, Retail Bids 8.78x

Mumbai, August 26: Sumax Engineering IPO is seeing strong demand midway through its subscription period, with retail investors driving most of the interest so far. The ₹53.40 crore IPO was subscribed 4.88 times as of 10:39 AM on August 26, according to the latest subscription figures available on Day 2.

The issue received bids for 1,74,81,600 shares against 35,85,600 shares offered to investors across the public categories. At the issue price of ₹101 per share, the value of bids stood at around ₹176.56 crore. The latest data showed 6,633 applications.

The strongest response has come from individual investors, whose portion was subscribed 8.78 times. Investors in this category placed bids for 1,48,51,200 shares, compared with 16,92,000 shares available.

The NII category was subscribed 3.35 times, receiving bids for 24,39,600 shares against 7,27,200 shares on offer. Within the NII segment, the sNII portion was subscribed 4.80 times, while the bNII portion stood at 2.63 times.

The QIB portion, excluding anchor investors, had received no bids in the latest update. This needs to be read separately from the anchor allocation, as anchor investors had already been allotted 14,35,200 shares before the public issue opened.

Sumax Engineering is a ₹53.40 crore bookbuilding issue comprising a fresh issue of 42,91,600 shares worth ₹43.34 crore and an offer for sale of 9,96,000 shares worth ₹10.06 crore. The issue is priced at ₹101 per share and will close on August 28, 2026.

Sumax Engineering IPO Subscription Status Day 2 (As of 10:39 AM)

The latest category-wise subscription data shows a clear gap between retail/NII participation and institutional bidding:

• Overall: 4.88x
• QIB (Ex-Anchor): 0.00x
• NII: 3.35x
• bNII (> ₹10L): 2.63x
• sNII (< ₹10L): 4.80x
• Retail: 8.78x
• Total Applications: 6,633

Retail investors are currently the biggest source of demand. Their category has already received bids for more than eight times the shares reserved for it.

The NII segment has also crossed the three-times mark, supported by both sNII and bNII investors. The sNII portion is currently ahead of bNII, with subscription levels of 4.80 times and 2.63 times, respectively.

The QIB figure, however, remains at 0.00 times in the latest data. Since the anchor portion is reported separately, the QIB number shown here refers to the shares available after the anchor allocation.

Day-Wise Subscription Trend

Sumax Engineering IPO had a solid opening on Day 1 and demand accelerated further on the second day. The overall subscription moved from 3.24 times on August 25 to 4.88 times on August 26.

The biggest movement has come from the retail category, which climbed from 5.77 times on Day 1 to 8.78 times on Day 2.

NII subscription also strengthened, rising from 2.29 times to 3.35 times. Both sub-segments recorded higher demand compared with the previous day.

The overall issue has therefore moved well beyond full subscription before the end of Day 2. However, the QIB portion is yet to see bids in the latest update, making institutional participation one of the key figures to watch as the IPO moves towards its closing day.

Subscription figures are based on the latest available update at 10:39 AM on August 26, 2026, and can change during market hours.

Sumax Engineering IPO Details

• Issue Size: ₹53.40 crore
• Fresh Issue: 42,91,600 shares aggregating up to ₹43.34 crore
• Offer for Sale: 9,96,000 shares aggregating up to ₹10.06 crore
• Price: ₹101 per share
• Face Value: ₹10 per share
• Lot Size: 1,200 shares
• Minimum Retail Investment: ₹2,42,400
• Minimum S-HNI Investment: ₹3,63,600
• Listing Exchange: NSE SME
• Issue Type: Bookbuilding IPO
• Market Maker Reservation: 2,66,400 shares

At ₹101 per share, a retail investor needs to apply for at least 2,400 shares, or two lots, requiring ₹2.42 lakh.

For S-HNI investors, the minimum application is 3,600 shares, equivalent to three lots and an investment of ₹3.64 lakh at the issue price.

The IPO has reserved 24,09,600 shares for QIBs, 7,27,200 shares for NIIs and 16,92,000 shares for retail investors. A separate 2,66,400 shares have been reserved for the market maker.

The issue also includes an anchor allocation of 14,35,200 shares, with Sumax Engineering raising ₹14.50 crore from anchor investors ahead of the public issue.

Sumax Engineering IPO Issue Structure

The IPO combines fresh capital and an offer for sale. The company is issuing 42.91 lakh fresh shares, through which it plans to raise around ₹43.34 crore. In addition, existing shareholders are offering 9.96 lakh shares through the OFS component, valued at approximately ₹10.06 crore at the issue price.

This distinction matters for investors because money raised through the fresh issue goes to the company, while proceeds from the offer for sale go to the selling shareholders.

The company has set the issue price at ₹101 per share, with a face value of ₹10 per share.

Sumax Engineering IPO Key Dates

• IPO Opens: August 25, 2026
• IPO Closes: August 28, 2026
• Tentative Allotment: August 31, 2026
• Refund Initiation: September 1, 2026
• Shares Credited to Demat Accounts: September 1, 2026
• Tentative Listing: September 2, 2026

These dates are tentative and may be subject to the final allotment and listing process.

About Sumax Engineering Ltd.

Sumax Engineering Ltd., incorporated in 1994, operates in the manufacturing and trading of products used across the automotive OEM and auto-refinish markets.

The company operates through two broad segments — manufacturing and trading. Its manufacturing portfolio includes products such as adhesive tapes, die-cuts, pre-taped masking films, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes, graphics and car-care products.

Through its trading operations, Sumax Engineering supplies a range of products used by customers in the automotive and related industries. These include electrical and pneumatic tools, abrasive sheets, discs and rolls, body-shop consumables, retail products, accessories and aerosol products.

The company’s business therefore spans both manufacturing and distribution, with its product portfolio focused largely on automotive OEM and aftermarket requirements.

What the Day 2 Numbers Indicate

The subscription data presents a fairly clear picture at this stage: retail and NII investors are showing strong interest, while QIB participation has not yet appeared in the latest live figures.

Retail subscription at 8.78 times is the standout number, up sharply from 5.77 times on the first day. NII demand has also strengthened to 3.35 times.

At the same time, the 0.00x QIB figure should not be interpreted as a lack of institutional interest in the entire IPO, because the anchor allocation was completed separately before the issue opened. The live QIB number represents the portion available to QIBs after the anchor allocation.

For investors tracking the issue, the next important data points will be whether QIB participation picks up and whether retail and NII demand continues to build on the final two days.

Conclusion

The Sumax Engineering IPO has made a strong start, with the ₹53.40 crore issue subscribed 4.88 times by 10:39 AM on August 26, 2026.

Retail investors are currently leading the subscription race at 8.78 times, followed by the NII category at 3.35 times. Within NII, sNII demand stands at 4.80 times, compared with 2.63 times for bNII. The QIB category, excluding anchors, remains at 0.00 times in the latest update.

The overall subscription has already moved well above the shares available to the public, but the picture can still change as bidding continues. The IPO remains open until August 28, with allotment expected on August 31 and a tentative NSE SME listing scheduled for September 2, 2026.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=SUMAX&series=SME&type=Active