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Sumax Engineering Ltd
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Registered Office :
No.45 Shanthinikethan Colony,Mahendra Hills East Mareredp.
,
Secunderabad
-
500026
,
Telangana
, India.
Phone :
+91 78931 66698 Fax:
Email : compliance@sumaxindia.com
Website : www.sumaxindia.com
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Initial public offering 52,87,200 equity shares of face value of Rs10/- each ("Equity Shares")of Sumax Engineering Limited ("SEL" or the "Company" or "Issuer") for cash at a price of Rs101 per equity share (the "Offer Price"), aggregating to Rs53.40 Crores ("The Offer"), comprising a fresh offer of 42,91,200 equity shares aggregating Rs43.34 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 Rs10.06 Crores ("Offer For Sale"). Out of the offer 2,66,400 equity shares aggregating to Rs2.69 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion") and 1,92,000 equity shares aggregating to Rs1.94 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 Rs10/- each at an offer price of Rs101 per equity share aggregating to Rs48.77 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: Rs101/- per equity share of face value of Rs10/- 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.
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Opens On
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Closes On
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Application
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Allotment
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25-Aug-26
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28-Aug-26
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Rs 101.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :2400 Further
Multiples of :1200
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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39.31
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| GYR Capital Advisors Private Limited |
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Project Financed through Current Offer
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53.40
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Post Issue Equity Share Capital
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19.02
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Issue Price
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Rs 101.00
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