Sumax Engineering Limited
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Sumax Engineering Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 53,00,000 Shares. The offering comprises a fresh issue component of 43,00,000 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE exchange.
Incorporated in 1994, Sumax Engineering Limited is engaged in providing engineering and infrastructure solutions, focusing on the execution of industrial and construction-related projects across sectors such as civil engineering, fabrication, and project management. The company specializes in turnkey project execution, offering end-to-end services from planning to completion, including structural works, mechanical services, and support for industrial development projects. In addition to its project business, the company is also involved in the manufacturing and trading of products for the Automotive OEM and Auto Refinish markets. 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 a range of car care products. On the trading side, it supplies tools (electrical and pneumatic), abrasive sheets, discs and rolls, body shop consumables, retail products, accessories, and aerosol products, catering to a wide range of automotive and industrial applications.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
- Strong Industry Experience: Long-standing presence in the engineering sector helps in building credibility and stable client relationships.
- Diversified Product Range: Offers a variety of industrial and automotive-related products, reducing dependence on a single segment.
- Stable Business Growth: Consistent improvement in operations and financial performance supports overall business stability.
- Sector Dependency: Performance is closely linked to the automotive and industrial sectors, making it cyclical in nature.
- Working Capital Intensive: Requires regular investment in inventory, production, and operations, impacting cash flow.
- High Competition: Faces competition from both large established players and smaller local manufacturers.
- Mr. Sudeep Mehta
- Mrs. Smriti Mehta
Sumax Engineering Limited
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