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