Sumax Engineering IPO Subscription Status – Day 4
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
| QIB | 0.00 | 0.00 | 2.22 | 121.28 |
| NII | 2.26 | 6.67 | 18.66 | 270.67 |
| RII | 5.64 | 17.44 | 34.52 | 158.88 |
| Total | 3.17 | 9.63 | 20.73 | 162.88 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Sumax Engineering IPO minimum market lot is 2,400 shares with ā¹2,42,400 application amount. The Sumax Engineering IPO is a SME IPO, and it is to be listed on NSE SME.
Business Overview
Sumax Engineering, founded in 1994, is one of the leading manufacturers and traders of products for the Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets. The firm operates its business via 2 segments: manufacturing and trading. Its product portfolio includes adhesive tapes and die-cuts, pre-taped masking films, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products.
Its 2 manufacturing facilities are situated in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana. Via its trading business, the firm also supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories, and aerosol products. Its products are sold across 26 states and Union Territories in India and exported to international countries including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia, and Taiwan.
Sumax Engineering IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Sumax Engineering IPO Review and Rating
- May Apply For Long-term View
Sumax Engineering IPO Form
How to apply for the Sumax Engineering IPO? You can apply for Sumax Engineering IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sumax Engineering IPO in the Invest section. The other option is you can apply for Sumax Engineering IPO via IPO forms downloaded online. Check out the Sumax Engineering forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.