Sumax Engineering is a SME IPO on NSE, currently listed. The price band is ₹101 per share in lots of 1200 shares. The minimum retail application is 2 lots (2400 shares) for about ₹2,42,400. Bidding runs 25 Aug 2026 to 28 Aug 2026 (5 PM IST close). Allotment is expected on 31 Aug 2026 and listing on 2 Sep 2026. It is subscribed 162.88x overall.
Grey market premium
Listing gain
—
Timeline
Listed
Tue, 25 Aug
2026
Fri, 28 Aug
2026
Mon, 31 Aug
2026
Wed, 2 Sep
2026
Source: ipowatch. Retail is ~158.88x subscribed, so roughly a 0.6% chance per application at 1 lot (lottery). Applying at more than 1 lot does not improve the per-application odds.
SME retail minimum is 2 lots (≥ ₹2 lakh) since 1 Jul 2025.
2400 shares
₹2,42,400
amount to block
GMP-implied gross gain
+₹52,800
at GMP ₹22
Per lot
+₹26,400
Gross figure only — your actual return depends on the real listing price (which can differ a lot from GMP), your tax on short-term gains, and your broker's charges. None of that is included here, and this is not investment advice.
Allotment expected 31 Aug 2026 (3 days ago) · lists 2 Sep 2026
Where this data comes from
Aggregated 43s ago. GMP is from the leading tracker.
Grey Market Premium (GMP) is an unofficial, unregulated and speculative number reported by third-party websites. It is not an official price, not a guarantee of listing performance, and not investment advice. Platform is an information aggregator — not a SEBI-registered investment adviser or research analyst, and it gives no buy/sell/apply recommendations. Subscription and date figures can lag the exchanges. Always confirm with NSE, BSE and the offer document before making any decision.
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