ListedSMEEngineeringSUMAX

Sumax Engineering IPO

Sumax Engineering IPO is an SME IPO raising ₹53 Cr at ₹95 – ₹101 a share. It listed on 2 Sept 2026 at ₹111, +9.9% against its issue price of ₹101, and trades at ₹120 today (+19.3% since issue). It was subscribed 200× in total.

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₹101

Issue price

₹120

Price now

+19.3%

Since issue price

2 Sept 2026

Listed on

200×Subscribed (final) · all exchanges

200.1 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹95 – ₹101

Cut-off price₹101

Issue size₹53 Cr

Shares per lot1200

Minimum application₹1,21,200

Minimum quantity2400

Face value₹10

Listing exchangesNSE

ISININE11Z001019

Bidding hours10:00 – 17:00 IST

Bidding window25 Aug 2026 – 28 Aug 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.