Sumax Engineering Shares List At Rs 111 On NSE SME, Gain 10% Over IPO Price

Sumax Engineering shares made a positive market debut on the NSE SME platform, listing at ₹111 per share, a premium of around 10% over the IPO issue price of ₹101. The listing came after the company's public issue received an overwhelming response from investors, with the IPO subscribed 162.94 times overall.

The strong demand across investor categories helped create a positive setup for Sumax Engineering's stock market debut.

Sumax Engineering Share Price Listing

Sumax Engineering shares were listed at ₹111 on the NSE SME platform, compared with the IPO issue price of ₹101.

This means the stock delivered a listing gain of ₹10 per share, translating to approximately 9.9% for IPO investors.

The company had set the IPO price band at ₹95 to ₹101 per share, with the final issue price fixed at the upper end of the range.

The IPO lot size was 1,200 shares. At the listing price of ₹111, investors who received one full lot would have seen a notional gain of approximately ₹12,000, before taxes and other applicable charges.

Sumax Engineering IPO Subscription

The strong listing followed massive investor interest in the Sumax Engineering IPO. The issue was subscribed 162.94 times overall, highlighting significant demand for the SME offering.

Non-institutional investors (NIIs) led the subscription, with their portion subscribed 270.70 times. The retail investor category was subscribed 158.98 times, while qualified institutional buyers (QIBs) subscribed 121.28 times.

The strong participation across all three investor categories indicated broad-based demand for the issue.

Strong NII, Retail And QIB Demand

The NII category recorded the highest subscription at 270.70 times, followed by retail investors at 158.98 times.

Meanwhile, QIB participation stood at 121.28 times, also reflecting strong institutional interest in the IPO.

Such high subscription levels often create strong expectations ahead of an SME listing. Sumax Engineering subsequently opened at ₹111, delivering a positive debut and rewarding successful IPO allottees with an initial gain.