Niva Market Watch

Sumax Engineering Limited IPO

listed · NSE · Bookbuilding IPO

Sumax Engineering Limited IPO was a ₹53.40 crore book-built issue on NSE with a price band of ₹95–₹101 per share, open for bidding from 25 Aug 2026 to 28 Aug 2026.

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Company overview

Website
https://sumaxindia.com/

IPO overview

Sumax Engineering Limited raised ₹53.40 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).

Bids were accepted within a price band of ₹95–₹101 per share; the final issue price is set within this band after bidding closes.

The shares listed on NSE on 2 Sep 2026.

GYR Capital Advisors Pvt.Ltd. was the book-running lead manager and Kfin Technologies Ltd. is the registrar, which processes applications, allotment and refunds.

Issue type
Bookbuilding IPO
Issue structure
Fresh capital cum OFS
Issue size
₹53.40 crore
Price
₹95–₹101 per share
Exchange
NSE
Lead manager
GYR Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.

IPO timeline

  1. Bidding opens 25 Aug 2026
  2. Bidding closes 28 Aug 2026
  3. Basis of allotment 31 Aug 2026
  4. Refunds / unblocking 1 Sep 2026
  5. Shares credited to demat 1 Sep 2026
  6. Listing 2 Sep 2026

Bidding ran from 25 Aug 2026 to 28 Aug 2026.

After bidding, the basis of allotment was due on 31 Aug 2026, refunds / unblocking of funds were due on 1 Sep 2026 and shares were due to be credited to demat accounts on 1 Sep 2026.

The shares listed on 2 Sep 2026.

Subscription summary

By the close of bidding, the issue was subscribed 162.94× overall (last figure recorded 28 Aug 2026).

A full category-wise breakdown is not available for this figure, so only the overall multiple is shown.

Recorded day by day: 25 Aug 3.24×, 26 Aug 9.63×, 27 Aug 20.83× and 28 Aug 162.94×.

Bids were received for 162.94× the shares available, so not every applicant in an oversubscribed category will receive shares.

Grey market premium (unofficial)

The last grey market premium (GMP) we recorded for this issue was ₹22 on 1 Sep 2026, equal to 21.8% of the upper price band.

Across 14 readings between 19 Aug 2026 and 1 Sep 2026, the quoted GMP ranged from ₹22 to ₹36.

We do not yet record actual listing prices, so this page does not compare the GMP with where the shares opened.

  • GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.

Allotment

The basis of allotment was due on 31 Aug 2026. Applicants can check their status using their PAN, application number or demat account details.

The registrar, Kfin Technologies Ltd., processes allotment; check status on its website or the exchange's application-status page.

Offer documents

Where the offer document differs from any figure on this page, the document prevails.

Sources and data methodology

NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error

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