Rs 53 Crore IPO: Sumax Engineering to Launch NSE Emerge IPO on August 25; Funds New Manufacturing Units
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The automotive products company has fixed the IPO price band at Rs 95 to Rs 101 per share and plans to use fresh issue proceeds for manufacturing expansion and working capital.
✨ Key Takeaways
Sumax Engineering Ltd is set to launch its Initial Public Offering on the NSE Emerge SME platform, with the issue opening on August 25, 2026, and closing on August 28, 2026. The IPO comprises up to 52,87,200 equity shares, including a fresh issue of 42,91,200 shares and an Offer for Sale of 9,96,000 shares. The price band has been fixed at Rs 95 to Rs 101 per share, with a lot size of 1,200 shares.
IPO Proceeds to Fund Manufacturing Expansion
The company plans to utilise the fresh issue proceeds towards Construction of two proposed manufacturing units. Up to Rs 4.89 crore will be used for Unit I at RIICO Industrial Area, Karoli, Tapukara, Rajasthan, while up to Rs 16.62 crore is proposed for Unit II at Model Economic Township, Nimana, Jhajjar, Haryana. The remaining proceeds will be used for working capital and general corporate purposes.
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FY26 Revenue at Rs 147.69 Crore
Sumax Engineering reported revenue from operations of Rs 147.69 crore in FY26, compared with Rs 146.13 crore in FY25. EBITDA increased to Rs 19.08 crore from Rs 15.03 crore, while EBITDA margin improved to 12.86 per cent from 10.21 per cent.
Profit after Tax rose to Rs 12.76 crore in FY26 from Rs 9.98 crore in FY25, while PAT margin improved to 8.64 per cent from 6.83 per cent. The company reported ROCE of 23.86 per cent and a debt-equity ratio of 0.21 in FY26.
Also Read - This Low PE, High ROCE Facility Management Service Company Secures Rs 134 Crore Work Order From MSRTC; FII Stake Increases
About Sumax Engineering
Incorporated in 1994, Sumax Engineering is an integrated manufacturer and trader serving the Automotive OEM and Auto Refinish markets. Its product portfolio includes automotive tapes, die-cuts, masking films, polishing compounds, buffing pads, car care products, abrasives, tools and body-shop consumables, along with its recently introduced Paint Protection Film.
The company operates manufacturing units in Sriperumbudur, Chennai and IMT Manesar, Haryana, and has a distribution presence across 26 states and union territories.
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Disclaimer: The article is for informational purposes only and not investment advice.