Sumax Engineering Ltd IPO Day 1 Subscriptions details: check bidding details

Sumax Engineering Ltd IPO day 1 subscription details:

The initial public offering of Sumax Engineering Ltd ended the first day with investors bidding 1.14 the available shares on offer worth 53.40. The retail investor portion of the IPO was subscribed 2.34 times the available shares on offer. Retail investors have 43.93% of the total issue reserved for them.

At the end of bidding on day 1, the qualified institutional buyers' (QIB) portion of the 0.00% got bids for 0.0 times the available shares on offer. The QIB portion includes insurance companies, domestic mutual funds, foreign institutional buyers, and other institutional investors.

The non-institutional investors quota got bids for 0.35 times the available quota of shares. This segment includes HNI and ultra HNI investors.

Here's a snapshot of the subscription details:

Sumax Engineering Ltd IPO details :

Sumax Engineering Ltd's IPO consists of an offer for sale of 10.06 shares and a fresh issue of ₹43.34. The IPO’s price band is ₹95 – ₹101 per share. The company’s shares will be listed on NSE - SME on 02 Sep 26.

Here are the key details of Sumax Engineering Ltd IPO

Offer for sale: 10.06 shares

Fresh issue: 43.34

Price Band: ₹95 – ₹101 per share

Bid open dates: 25 Aug 26

Allotment date: 31 Aug 26

Listing date: 02 Sep 26

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