Sumax Engineering IPO Subscription Day 3: Issue Subscribed 11.50 Times

Mumbai, August 27: The Sumax Engineering IPO has seen a sharp jump in demand as the issue moves through its third day of subscription. By 10:35 AM on August 27, investors had placed bids for 4.12 crore shares, compared with 35.86 lakh shares available to the public, taking the overall subscription to 11.50 times.

The ₹53.40 crore IPO opened on August 25 and is scheduled to close on August 28. The issue is a combination of a fresh issue and an offer for sale and is proposed to list on the NSE SME platform.

Retail Investors Drive Demand

Individual investors have emerged as the strongest bidders so far. The retail portion was subscribed 20.74 times, with bids received for 3.51 crore shares against 16.92 lakh shares reserved for the category.

The response has also translated into a large number of applications, with 14,619 individual investor applications recorded in the latest update.

The NII category was subscribed 8.20 times, receiving bids for 5.96 crore? Wait, careful: shares bid shown 59,64,000 = 59.64 lakh, not crore. Need not include incorrect. Let’s formulate. Against 7.27 lakh shares offered, bids were 59.64 lakh. Within NII, bNII (>₹10L) was 6.20x and sNII (<₹10L) 12.21x.

The QIB portion, excluding anchor investors, remained at 0.00 times at the time of the update, with no bids recorded against the 9.74 lakh shares available in that category.

Sumax Engineering IPO Subscription Status

The issue also includes 14.35 lakh shares allotted to anchor investors and 2.66 lakh shares reserved for market makers.

Day-wise Subscription Trend

The pace of bidding has accelerated significantly since the IPO opened.

On Day 1, the issue was subscribed 3.24 times. The figure jumped to 9.63 times on Day 2 before reaching 11.50 times by 10:35 AM on Day 3.

The subscription figures above reflect the live update available at 10:35 AM on August 27 and can change during the trading session.

Sumax Engineering IPO details

Sumax Engineering IPO is a ₹53.40 crore book-built issue. It comprises a fresh issue of 42.91 lakh shares worth ₹43.34 crore and an offer for sale of 9.96 lakh shares worth ₹10.06 crore.

The company has fixed the IPO price at ₹101 per share, with the price band set at ₹95 to ₹101.

For retail investors, the minimum application is 2,400 shares, requiring an investment of ₹2.42 lakh at the upper price of the band. For HNI investors, the minimum application is 3,600 shares, which comes to ₹3.64 lakh.

The IPO opened on August 25, 2026, and will close on August 28, 2026. The tentative allotment date is August 31, while shares are expected to be credited on September 1. The tentative listing date is September 2, 2026, on NSE SME.

What does Sumax Engineering do?

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

Its product range includes abrasive tapes and die-cuts, pre-taped masking films, rubber and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, car care products and related consumables.

The company also supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products through its trading business.

Sumax Engineering operates manufacturing facilities in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana. According to the company information shown in the IPO details, it has a presence across 26 states and Union Territories in India and exports products to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the US, Saudi Arabia and Taiwan.

Sumax Engineering IPO: What Investors Should Watch

The subscription numbers show a clear divergence between investor categories. Retail participation is currently driving the issue, with the category already more than 20 times subscribed, while NII demand has also built up strongly.

The QIB portion, however, was still showing 0.00 times subscription in the 10:35 AM update. Since the IPO remains open until August 28, these figures are not final and can change materially before bidding closes.

Investors should also look beyond subscription multiples before making an IPO decision. The company’s business performance, valuation, financial track record, use of IPO proceeds, promoter holding and the risks associated with SME-listed stocks are all relevant when assessing the issue.

Source:

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