Registered Office:
No.45 Shanthinikethan Colony,Mahendra Hills East Mareredp.,
Secunderabad
-
500026,
Telangana, India.
Phone : +91 78931 66698
Fax : NA
Initial public offering 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 42,91,200 equity shares aggregating (Rs) 43.34 Crores by the company ("Fresh Offer") and an offer for sale of 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 1,92,000 equity shares aggregating 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 portion i.e. Offer 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) 101/- per equity share of face value of (Rs) 10/- each.
The floor 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.
Opens On
Closes On
Application
Allotment
25-Aug-26
28-Aug-26
101.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
2400
Further Multiples of :
1200
(Rs.Cr)
Lead Managers to the Issue
Project Cost
39.31
GYR Capital Advisors Private Limited
Project Financed through Current Offer
53.40
Post Issue Equity Share Capital
19.02