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News Details

( As on 19/08/2026 07:01)

Sumax Engineering announces launch of initial public offering

Sumax Engineering Ltd. has announced public offering of 5287200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 91.00 per share. The gross proceeds of the issue are expected to be Rs 5,340.07 lakhs.

The company's initial public offer (IPO) will open on 25 August 2026 and is expected to close on 28 August 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-101.00 per share.

The IPO includes a fresh Issue of 5287200 Equity Shares of the Company at an price of Rs 101.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Sumax Engineering Ltd. anticipates using the proceeds of the issue for .

GYR Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.