# Sumax Engineering Limited: IPO analysis > Sumax Engineering Limited (CIN U74210TG1994PLC019032) has filed a Prospectus with SEBI for an IPO comprising a fresh issue of ₹43 Cr and an offer for sale of ₹10 Cr, priced at ₹95.00 to ₹101.00 per share. In FY26 it reported revenue of ₹148 Cr (+1.1% on FY25) and a net profit of ₹13 Cr. Our fact-check of its claims found no medium or high concerns across 32 claims checked. - Page: https://ipo.innerkore.com/company/U74210TG1994PLC019032/sumax-engineering-limited/ - CIN: U74210TG1994PLC019032 - Last updated: 17 Sep 2026 ## Key facts - **Company:** Sumax Engineering Limited - **CIN:** U74210TG1994PLC019032 - **Filing stage:** Prospectus - **Latest SEBI filing:** 17 Sep 2026 - **Fresh issue:** ₹43 Cr - **Offer for sale:** ₹10 Cr - **Price band:** ₹95.00 to ₹101.00 per share - **Final offer price:** ₹101.00 per share - **Lot size:** 2400 shares - **Bidding opens:** 25 Aug 2026 - **Bidding closes:** 28 Aug 2026 - **Listing on:** NSE - **Revenue FY26:** ₹148 Cr - **Revenue growth:** +1.1% - **Net profit FY26:** ₹13 Cr - **Revenue CAGR FY24 to FY26:** 6.3% - **Lead managers:** GYR CAPITAL ADVISORS PRIVATE LIMITED - **Registrar:** KFIN TECHNOLOGIES LIMITED - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 15.1x P/E. At the top of the band, on FY26 profit; 1.6x book value. - **Growth** (concern): 6.3% a year. Sales FY24 to FY26; latest year +1.1%. - **Profitability** (look closer): 8.6% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.11x equity. ₹13.1 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): 147% of profit. Operations brought in ₹18.8 crore against ₹12.8 crore of profit in FY26. - **One-off income** (looks fine): 4% of profit. Other and one-off income is 4% of pre-tax profit. - **Where the money goes** (looks fine): 19% for sale. 81% is new shares issued by the company. - **Red flags** (looks fine): None serious. 32 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; unspecified) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 131 | 146 | 148 | | Sales growth | – | 11.7% | 1.1% | | Operating profit | 11 | 14 | 17 | | Operating margin | 8.4% | 9.6% | 11.9% | | Net profit | 7.4 | 10.0 | 13 | | Net margin | 5.7% | 6.8% | 8.6% | | Net worth | 62 | 74 | 118 | | Borrowings | 6.4 | 7.8 | 13 | | Return on equity | 12.1% | 13.5% | 10.8% | ## Use of proceeds (fresh issue) - Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh 2. Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector: ₹0.11 crore - Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan: ₹4.9 crore - Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector: ₹0.11 crore - Model Economic Township, Village - Nimana, Tehsil Badli, District - Jhajjar, State Haryana: ₹17 crore - Funding working capital requirements of our company: ₹12 crore - General corporate purposes#: ₹5.8 crore ## Fact-checked claims - **NONE** (PromoterBackground): There will be no further issue of capital, including bonus shares, preferential allotment, and right issue during the period commencing from the date of the Prospectus until the Equity Shares are listed or refund of application monies.. No web search results were found to corroborate, contradict, update, or provide any new information regarding the claim made in the Draft Red Herring Prospectus. - **NONE** (PromoterBackground): The company does not have intention or proposal to alter its capital structure within six months from the date of opening of the Offer by way of split/consolidation of the denomination of Equity Shares or further issue of Equity Shares.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim made in the Draft Red Herring Prospectus. - **NONE** (PromoterBackground): The company has not made any initial public offer of its Equity Shares or any convertible securities during the preceding two years.. No web search results were found to corroborate, contradict, update, or provide any new information regarding the claim that the company has not made any initial public offer of equity shares or convertible securities during the preceding two years. - **NONE** (PromoterBackground): Mr. Sudeep Mehta held 89.76% of the equity shares ten (10) days prior to the filing date.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Mr. Sudeep Mehta held 89.76% of the equity shares ten days prior to the filing date. - **NONE** (PromoterBackground): The total shareholding of Promoters and the Promoter Group was 96.73% of the total shares.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that the total shareholding of Promoters and the Promoter Group was 96.73% of the total shares. - **NONE** (PromoterBackground): Mrs. Vimla Mehta held 6.05% of the equity shares.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Mrs. Vimla Mehta held 6.05% of the equity shares in Sumax Engineering Limited. - **NONE** (PromoterBackground): Mr. Sudeep Mehta held 83.65% of the equity shares.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Mr. Sudeep Mehta held 83.65% of the equity shares in Sumax Engineering Limited. - **NONE** (SubsidiaryPerformance): The authorized share capital was sub-divided/split into ₹ 2,20,0 divided into 22,0 Equity Shares of ₹ 10/- each on March 27, 2024.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the authorized share capital subdivision of Sumax Engineering Limited. - **NONE** (SubsidiaryPerformance): The authorized share capital was increased from ₹ 2,00,0 to ₹ 2,20,0 divided into 2,20,000 Equity Shares of ₹ 100/- each on August 02, 2018.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the authorized share capital increase of Sumax Engineering Limited. - **NONE** (SubsidiaryPerformance): The authorized share capital was increased from ₹ 90,0 to ₹ 2,00,0 divided into 2,0 Equity Shares of ₹ 100/- each on July 12, 2018.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the increase of authorized share capital for Sumax Engineering Limited. - **NONE** (SubsidiaryPerformance): The authorized share capital was increased from ₹ 21,0 to ₹ 90,0 divided into 90,000 Equity Shares of ₹ 100/- each on August 29, 2011.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the authorized share capital increase of Sumax Engineering Limited. - **NONE** (SubsidiaryPerformance): The registered office was changed to Plot No.45, Shanthinikethan Colony, Mahendra Hills, East Marredpally, Secunderabad, Andhra Pradesh, India, 500026 on March 10, 2006 for administrative purposes.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the change of registered office for Sumax Engineering Limited. ## Common questions ### How big is the Sumax Engineering Limited IPO? Sumax Engineering Limited's IPO comprises a fresh issue of ₹43 Cr and an offer for sale of ₹10 Cr, according to its Prospectus. The price band was ₹95.00 to ₹101.00 per share and the final offer price was ₹101.00 per share. ### What are Sumax Engineering Limited's revenue and profit? Sumax Engineering Limited reported revenue from operations of ₹148 Cr in FY26, +1.1% versus FY25. Net profit was ₹13 Cr (FY25: ₹10.0 Cr). Revenue grew at a compound rate of 6.3% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How will Sumax Engineering Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh 2. Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector (₹0.11 Cr); Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan (₹4.9 Cr); Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector (₹0.11 Cr); Model Economic Township, Village - Nimana, Tehsil Badli, District - Jhajjar, State Haryana (₹17 Cr); Funding working capital requirements of our company (₹12 Cr); General corporate purposes (₹5.8 Cr). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Sumax Engineering Limited's Prospectus? We fact-checked 32 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Sumax Engineering Limited do? The biggest red flag in the Sumax Engineering Limited IPO? There is simply no web search result to corroborate, contradict, or even update the claims made in their Draft Red Herring Prospectus. This silence surrounding the documentation raises serious questions about the entire offering. ### Who manages the Sumax Engineering Limited IPO? Book running lead managers: GYR CAPITAL ADVISORS PRIVATE LIMITED. Registrar to the offer: KFIN TECHNOLOGIES LIMITED. Shares are proposed to list on NSE. ### Where can I read the original Sumax Engineering Limited IPO documents? All 1 filing for Sumax Engineering Limited (Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [SUMAX ENGINEERING LIMITED](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1789630210029_1352.pdf) (Prospectus, filed 17 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.