{"id":58789,"date":"2026-08-24T12:21:49","date_gmt":"2026-08-24T06:51:49","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2026\/08\/24\/sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25\/"},"modified":"2026-08-24T12:21:49","modified_gmt":"2026-08-24T06:51:49","slug":"sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2026\/08\/24\/sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25\/","title":{"rendered":"Sumax Engineering Limited Announces IPO on NSE EMERGE to Fund New Manufacturing Capacity; Bidding Opens August 25"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" width=\"1200\" height=\"675\" src=\"https:\/\/financialtelegraph.in\/wp-content\/uploads\/2026\/08\/PNN-60-1.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Sumax Engineering\" decoding=\"async\"><\/p>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], August 24:<\/strong> <strong>Sumax Engineering Limited is a manufacturer-and-trader of automotive tapes, die-cuts, surface-finishing products, car care products and consumables for the Automotive OEM and Auto Refinish markets.<\/strong>\u00a0The Company is entering the capital markets with its Initial Public Offering (IPO) on the\u00a0<strong>NSE EMERGE (SME)<\/strong>\u00a0platform \u2013 a book-built offer of up to\u00a0<strong>52,87,200 equity shares<\/strong>\u00a0of face value \u20b910 each, comprising a\u00a0<strong>fresh issue of up to 42,91,200 equity shares<\/strong>\u00a0and an\u00a0<strong>offer for sale of up to 9,96,000 equity shares<\/strong>, at a price band of\u00a0<strong>\u20b995\u2013 \u20b9101 per share<\/strong>\u00a0(lot size: minimum 2,400 shares and in multiples of 1,200 equity shares thereafter).<\/p>\n<p class=\"wp-block-paragraph\">The Company proposes to utilise the net proceeds of the fresh issue towards funding capital expenditure for the construction of a proposed manufacturing Unit I at RIICO Industrial Area, Karoli, Tapukara, Rajasthan (up to \u20b9488.68 lakh); construction of a proposed manufacturing Unit II at Model Economic Township, Nimana, Jhajjar, Haryana (up to \u20b91,662.34 lakh); funding the working capital requirements of the Company; and general corporate purposes. The\u00a0<strong>anchor investor date<\/strong>\u00a0has been fixed as\u00a0<strong>Monday, August 24, 2026<\/strong>. The issue will open for public subscription on\u00a0<strong>Tuesday, August 25, 2026<\/strong>, and close on\u00a0<strong>Friday, August 28, 2026<\/strong>. Utilisation of the net proceeds will be monitored by Care Ratings Limited.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Book Running Lead Manager:<\/strong>\u00a0GYR Capital Advisors Private Limited<\/p>\n<p class=\"wp-block-paragraph\"><strong>Issue Structure<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Total Issue Size:\u00a0<\/strong>Up to<strong>\u00a052,87,200 Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Fresh Issue Size:<\/strong>\u00a0<strong>42,91,200 Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Offer for Sale:\u00a09,96,000\u00a0Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Market Maker Portion:\u00a0<\/strong>Up to\u00a0<strong>2,66,400\u00a0Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Employee Reservation:<\/strong>\u00a0Up to\u00a0<strong>1,92,000 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Net Offer to the Public:\u00a0<\/strong>Up to<strong>\u00a048,28,800 Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Anchor Investor Portion<\/strong>: Up to\u00a0<strong>14,35,200 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Net QIB Portion:\u00a0<\/strong>Up to\u00a0<strong>9,74,400 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Non-Institutional Investors:\u00a0<\/strong>Not less than\u00a0<strong>7,27,200 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Individual Investors Portion<\/strong>: Not less than\u00a0<strong>16,92,000 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><strong>Competitive Strengths<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>The Company operates as a\u00a0<strong>one-stop manufacturer-and-trader<\/strong>\u00a0across the Automotive OEM and Auto Refinish value chain \u2013 spanning adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing pads, reflective tapes, domes and graphics, car care products, abrasives, tools, body-shop consumables and aerosols \u2013 making its offering difficult to substitute.<\/li>\n<li>Its\u00a0<strong>in-house manufacturing<\/strong>, certified to ISO 9001:2015 and IATF 16949:2016 and supported by a dedicated R&amp;D team and testing laboratory, enables consistent quality, rapid customisation and cost control.<\/li>\n<li>Long-standing\u00a0<strong>OEM relationships<\/strong>\u00a0provide credibility, repeat business (approximately 97% of FY26 revenue from existing customers) and revenue visibility.<\/li>\n<li>A\u00a0<strong>diversified portfolio<\/strong>, recently extended into Paint Protection Film (PPF), reduces dependency on any single product category and captures premium protection demand.<\/li>\n<li>An efficient\u00a0<strong>Kanban \/ Just-in-Time supply chai<\/strong>n and a pan-India presence across 26 states and union territories support timely delivery, lean working capital and reliable service, alongside an emerging export footprint.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><strong>Financial Highlights<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>KPI<\/strong><\/td>\n<td><strong>FY26<\/strong><\/td>\n<td><strong>FY25<\/strong><\/td>\n<td><strong>FY24<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Revenue from Operations (\u20b9 in Lakhs)<\/td>\n<td>14,769.06<\/td>\n<td>14,612.60<\/td>\n<td>13,079.45<\/td>\n<\/tr>\n<tr>\n<td>EBITDA (\u20b9 in Lakhs)<\/td>\n<td>1,907.96<\/td>\n<td>1,502.66<\/td>\n<td>1,162.50<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin (%)<\/td>\n<td>12.86%<\/td>\n<td>10.21%<\/td>\n<td>8.84%<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax (\u20b9 in Lakhs)<\/td>\n<td>1,275.86<\/td>\n<td>998.16<\/td>\n<td>743.14<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin (%)<\/td>\n<td>8.64 %<\/td>\n<td>6.83%<\/td>\n<td>5.68%<\/td>\n<\/tr>\n<tr>\n<td>Return on Net Worth (%)<\/td>\n<td>20.71%<\/td>\n<td>20.44%<\/td>\n<td>19.12%<\/td>\n<\/tr>\n<tr>\n<td>Return on Capital Employed (\u201cRoCE\u201d) (%)<\/td>\n<td>23.86%<\/td>\n<td>24.64%<\/td>\n<td>23.34%<\/td>\n<\/tr>\n<tr>\n<td>Debt-Equity Ratio<\/td>\n<td>0.21<\/td>\n<td>0.16<\/td>\n<td>0.17<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\"><strong>About<\/strong> <strong>Sumax Engineering Limited<\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><strong>Sumax Engineering Limited<\/strong>\u00a0is a Secunderabad (Telangana)-based, ISO 9001:2015 and IATF 16949:2016-certified integrated manufacturer-and-trader of automotive tapes, die-cuts, surface-finishing products, car care products and consumables, operating across the\u00a0<strong>Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets<\/strong>. Incorporated in 1994 and promoter-led since inception, the Company supplies a diversified portfolio spanning\u00a0<strong>adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing pads, reflective tapes, domes and graphics, and car care products<\/strong>, complemented by traded abrasives, electrical and pneumatic tools, body-shop consumables, accessories and aerosols, and a newly introduced\u00a0<strong>Paint Protection Film (PPF)<\/strong>. The Company operates two manufacturing units \u2013 at Sriperumbudur, Chennai (Tamil Nadu) and IMT Manesar (Haryana) \u2013 and serves OEMs, refinish workshops and the trade across a pan-India distribution network of 26 states and union territories, with a growing export presence.<\/p>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], August 24: Sumax Engineering Limited is a manufacturer-and-trader of automotive tapes, die-cuts, surface-finishing products, car care products and consumables for the Automotive OEM and Auto Refinish markets.\u00a0The &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2026\/08\/24\/sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":58790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-58789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/58789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=58789"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/58789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/58790"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=58789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=58789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=58789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}