Mumbai, August 25: The Sumax Engineering IPO received a strong response on the first day of bidding, with the issue subscribed 3.19 times overall as of 5:40 PM on August 25, 2026. 

The ₹53 crore IPO received bids for 1,14,30,000 shares against 35,85,600 shares offered to the public. Retail investors led the bidding with their portion subscribed 5.67 times, while the NII category was subscribed 2.26 times. 

The QIB (Ex Anchor) portion, however, remained at 0.00 times in the latest available figures. 

The IPO opened on August 25 and will remain open for subscription until August 28, 2026. 

Sumax Engineering IPO Subscription Status Today 

The category-wise subscription figures at the end of Day 1 are: 

The IPO had received 4,280 applications by the latest Day 1 update. 

Retail investors have been the biggest contributors so far, with bids for 95,92,800 shares against 16,92,000 shares offered to the category. 

Sumax Engineering IPO Day 1 Subscription Details 

The retail portion was subscribed 5.67 times on Day 1, receiving bids for 95,92,800 shares against 16,92,000 shares offered. 

The NII category was subscribed 2.26 times, with bids for 16,46,400 shares against 7,27,200 shares reserved for the category. 

Within the NII segment, the bNII portion was subscribed 1.97 times, while the sNII portion was subscribed 2.85 times. 

The QIB (Ex Anchor) portion remained at 0.00 times, with no bids recorded against 9,74,400 shares offered to the category at the time of the update. 

Overall, the issue received bids for 1,14,30,000 shares, taking the total subscription to 3.19 times. 

Sumax Engineering IPO Day-wise Subscription Details 

The day-wise subscription data is as follows: 

Sumax Engineering IPO Price Band and Lot Size 

Sumax Engineering has fixed the IPO price band at ₹95 to ₹101 per share. The minimum application size is 2,400 shares, requiring an investment of ₹2,42,400 at the upper end of the price band. 

For HNI investors, the minimum application is 3,600 shares, requiring an investment of ₹3,63,600 at the upper price. 

The IPO comprises a fresh issue of 40,24,800 shares and an offer for sale of 9,96,000 shares. The total issue size is 52,87,200 shares, aggregating to around ₹53.40 crore at the upper price band. 

The issue is proposed to list on the NSE SME platform, with the tentative listing date set for September 2, 2026. 

Sumax Engineering IPO Important Dates 

The Sumax Engineering IPO is still open for subscription. Investors can place bids until August 28, 2026. 

About Sumax Engineering Ltd. 

Sumax Engineering Ltd., incorporated in 1994, is engaged in the manufacturing and trading of products for the Automotive OEM and Auto Refinish markets. 

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

Through its trading business, Sumax Engineering supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories and aerosol products. 

The company operates two manufacturing units located in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana. 

Sumax Engineering IPO: What Investors Should Know 

The Sumax Engineering IPO has started on a strong note, with the overall issue already subscribed 3.19 times on Day 1. 

Retail investors are currently driving demand, with their portion subscribed 5.67 times. The NII category has also crossed full subscription at 2.26 times. 

The QIB portion is the only category yet to see meaningful bidding, remaining at 0.00 times in the latest figures. 

With two more days left for subscription, the numbers could change substantially, particularly if institutional participation picks up before the issue closes. 

Conclusion 

The Sumax Engineering IPO received a strong response on Day 1, with the issue subscribed 3.19 times overall. The retail category led with 5.67 times subscription, followed by the NII category at 2.26 times, while the QIB portion remained at 0.00 times. 

The issue received 4,280 applications and bids for 1,14,30,000 shares against 35,85,600 shares offered to the public. 

The IPO remains open until August 28, 2026. Investors will now track whether QIB participation picks up and pushes the overall subscription higher on the remaining bidding days. 

Source: 

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