Mumbai, Sept. 2 -- The stock was listed at Rs 111, marking a 9.90% premium to the initial public offering (IPO) price. The scrip was trading almost flat compared with its listing price.

The stock hit a high of Rs 116 and a low of Rs 111 during the session. About 20.92 lakh shares changed hands on the NSE.

Sumax Engineering's IPO was subscribed 151.73 times. The issue opened for bidding on 25 August 2026 and it closed on 28 August 2026. The price band of the IPO was fixed between Rs 95 to Rs 101 per share.

The IPO comprised 52,87,200 equity shares, including a fresh issue of 42,91,200 equity shares and offer for sale (OFS) of 9,96,000 equity shares.

The company intends to utilise the net proceeds towards funding capital expenditure for...