Sumax Engineering Initial Public Offering Day 3 Update: SME Issue Building Momentum, One Day Left Before Closing
- August 27, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Sumax Engineering initial public offering, Day 3 (Aug 27, 2026). SME issue, price band Rs 95-101. Closes Aug 28, 2026. Listing tentatively Sep 2, 2026 on NSE SME.
Quick Answer
Sumax Engineering initial public offering entered its third day of bidding on August 27, 2026, with one more day remaining before the issue closes on August 28. The SME issue, priced at Rs 95 to Rs 101 per share, has been building subscription gradually through its opening days, consistent with the typical pattern for SME IPOs where institutional and larger investor participation tends to concentrate toward the final day of bidding.
Sumax Engineering Limited’s initial public offering entered its third day of bidding on August 27, 2026. The Rs 53.40 crore SME issue, comprising a fresh issue of Rs 43.34 crore and an offer for sale of Rs 10.06 crore, opened for subscription on August 25 and will remain open until August 28, 2026.
As is typical for SME initial public offerings, subscription activity in the retail and non-institutional investor categories tends to build gradually across the bidding window, while qualified institutional buyer (QIB) demand often materialises more heavily on the final day. Investors should check the live subscription data on the NSE for the most current category-wise figures as bidding progresses through Day 3 and into the final day.
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About Sumax Engineering
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Incorporated in 1994, Sumax Engineering Limited manufactures and trades a diverse range of products for the Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets. The company’s 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, the company also supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, and aerosol products.
Sumax Engineering operates two manufacturing facilities, located in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana. The company has a market presence across 26 states and union territories in India and exports its products to international markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia, and Taiwan.
Sumax Engineering IPO: Key Details
| Parameter | Details |
|---|---|
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Price Band | Rs 95 to Rs 101 per share |
| Lot Size | 1,200 shares (minimum 2,400 shares for retail) |
| Minimum Investment (Retail) | Rs 2,42,400 (at upper price band) |
| Total Issue Size | Rs 53.40 crore |
| Fresh Issue | Rs 43.34 crore |
| Offer for Sale | Rs 10.06 crore |
| Listing Platform | NSE SME |
| Tentative Allotment Date | August 31, 2026 |
| Tentative Listing Date | September 2, 2026 |
Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified, or endorsed by SEBI, NSE, or BSE, can vary widely between trackers, and is not always accurate. Investors interested in checking informally reported premium levels may refer to independent trackers such as InvestorGain.com or Chittorgarh.com, treating this data as supplementary only.
Conclusion
Sumax Engineering’s initial public offering is on Day 3 of its bidding window, with one more trading day remaining before the August 28 close. Investors should track the live category-wise subscription data on the NSE for the most current figures, particularly as institutional demand typically picks up closer to the closing date. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
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FAQs on Sumax Engineering Initial Public Offering
What day of subscription is the Sumax Engineering IPO on?
Ans. Sumax Engineering’s initial public offering entered Day 3 of bidding on August 27, 2026, with one more trading day remaining before the issue closes on August 28, 2026.
What is the price band for the Sumax Engineering IPO?
Ans. The price band for the Sumax Engineering initial public offering is Rs 95 to Rs 101 per equity share, with a lot size of 1,200 shares.
What does Sumax Engineering manufacture?
Ans. Sumax Engineering manufactures and trades products for the Automotive OEM and Auto Refinish markets, including adhesive tapes, masking films, polishing compounds, and car care products, alongside a trading business in electrical and pneumatic tools.
Where will Sumax Engineering shares be listed?
Ans. Sumax Engineering shares are proposed to list on the NSE SME platform, with a tentative listing date of September 2, 2026.
What is the issue size of the Sumax Engineering IPO?
Ans. The Sumax Engineering initial public offering aims to raise Rs 53.40 crore, comprising a fresh issue of Rs 43.34 crore and an offer for sale of Rs 10.06 crore.
Should I subscribe to the Sumax Engineering IPO?
Ans. Whether to subscribe depends on individual risk tolerance, valuation assessment, and a review of the Red Herring Prospectus. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.
