Incorporated in 1994, Sumax Engineering Ltd. is engaged in the manufacturing and trading of products for the Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets. The company operates through two segments: manufacturing and trading.
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, the company 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.
It has a market presence across 26 states and Union Territories in India and exports its products to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia, and Taiwan.
As of March 31, 2026, the company had 121 employees.
Competitive Strengths
- Experienced Promoters, management and operating team
- Comprehensive Product Range
- Strong Industry Relationships
- Advanced In-House Processing Facilities
- Focused on Cost Competitiveness
- Efficient Logistics and Supply Chain Management
- Strong Financial performance
- Tailored Product Design
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan | ₹5 |
| Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector 11, Model Economic Township, Village - Nimana, Tehsil Badli, District - Jhajjar, State Haryana | ₹17 |
| Funding working capital requirements of the company | ₹12 |
| General corporate purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 85 | 66 | 54 |
| Revenue | 148 | 147 | 132 |
| PAT | 13 | 10 | 7 |
| EBITDA | 19 | 15 | 12 |
| Net Worth | 62 | 49 | 39 |
| Reserves | 47 | 47 | 37 |
| Total Borrowing | 13 | 8 | 6 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 2.22 | 974,400 | 2,160,000 |
| NII / HNI | 18.67 | 727,200 | 13,579,200 |
| Retail (RII) | 34.66 | 1,692,000 | 58,646,400 |
| Market Maker | — | 266,400 | — |
| Total | 20.80 | 3,585,600 | 74,581,200 |
* Amount calculated at upper price band (₹101) · ** Total includes all investor categories
- 1 Initiation of Refund 01 Sep 2026
- 2 Credit of Shares to Demat 01 Sep 2026
- The IPO P/E of 15x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹9 compares to post-issue EPS of ₹7 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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