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IPO-Synopsis
Sumax Engineering Ltd
  • Registered Office: No.45 Shanthinikethan Colony,Mahendra Hills East Mareredp., Secunderabad - 500026, Telangana, India. Phone : +91 78931 66698   Fax:
  • Email : compliance@sumaxindia.com
  • Website :www.sumaxindia.com
Initial public offering up to 52,87,200 equity shares of face value of Rs. 10/- each ("Equity Shares")of Sumax Engineering Limited ("SEL" or the "Company" or "Issuer") for cash at a price of Rs. 101 per equity share (the "Offer Price"), aggregating to Rs. 53.40 Crores ("The Offer"), comprising a fresh offer of up to 42,91,200 equity shares aggregating to Rs. 43.34 Crores by the company ("Fresh Offer") and an offer for sale of up to 9,96,000 equity shares by Sudeep Mehta and Vimla Mehta ("The Selling Shareholders") aggregating to Rs. 10.06 Crores ("Offer For Sale"). Out of the offer 2,66,400 equity shares aggregating to Rs. 2.69 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). And up to 1,92,000 equity shares aggregating up to Rs. 1.94 Crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The offer less the market maker reservation portion and employee reservation i.e. Issue of 48,28,800 equity shares of face value of Rs. 10/- each at an offer price of Rs. 101 per equity share aggregating to Rs. 48.77 Crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 27.94% and 25.38%, respectively of the post offer paid up equity share capital of the company. Price Band: Rs. 95/- to Rs. 101/- per equity share of face value of Rs. 10/- each. The floor price is 9.5 times the face value and cap price is 10.1 times the face value of equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
Issue
Opens On Closes On
25-Aug-26 28-Aug-26
Money Payable On
Application Allotment
95.00 0.00
Minimum Application for shares in Nos : 2400 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 GYR Capital Advisors Private Limited
Project Financed through Current Offer (.Cr) 50.23  
Post Issue Equity Share Capital (.Cr) 20.02
Issue Price () 95.00
Projects
Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh
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
Funding working capital requirements of the company
General corporate purposes
Promoted By
No Data Available
Listing At
NSE - SME
Registrar to the Issue
KFin Technologies Ltd

DJIA 53294.39
514.18 0.97%
S&P 500 7693.51
31.35 0.41%
HANG SENG 26009.46
310.96 1.21%
NIKKEI 225 65516.02
-500.34 -0.76%
FTSE 100 10809.01
60.85 0.57%
NIFTY 24167.05
-84.95 -0.35%
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