Seemax Resources IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 134 – 141
Lot Size
1000
Issue Size
₹20 Cr
Minimum Investment
₹282000 (2000 Shares)
Listing Date
07 July 2026
Subscription
-
About the Company
Incorporated in 2015, Seemax Resources is engaged in two primary business verticals: Rental Solutions and Material Handling Equipment (MHE) Trading.
In its rental segment, the company provides a comprehensive range of material handling equipment—including forklifts, cranes, and pallet trucks—supported by trained operators and end-to-end maintenance services. As of March 31, 2025, the rental vertical is backed by a fleet of 82 MHE units.
In addition to rentals, Seemax Resources is also involved in the trading of MHE, sourcing equipment from leading global manufacturers to meet diverse customer requirements.
The company caters to a wide spectrum of industries such as automotive, steel, glass, cement, textiles, logistics, retail, ports, construction, aviation, and railways. Each sector has distinct material handling needs, and Seemax Resources designs customized solutions tailored to those operational demands.
For FY 2024–25, the company generated 94.71% of its revenue from the rental business and the remaining 5.29% from its MHE trading segment.
Promoters
- Mr. Amit Naldev Trivedi
- Mrs. Seema Trivedi
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
68.18%
Objects of the Issue
The Company Seemax Resources IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Capital Expenditure towards Purchase of Material Handling Equipment
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions
- Funding the Long-term working capital requirements of our Company
- General Corporate Purpose
Address / Contact Info
Seemax Resources Ltd.
403, Mayfair Corporate Park,
Behind DPS School, Kalali,
Vadodara, Gujarat, 390012
Phone: +91-99040 89444
Email: info@seemaxresources.com
Website: http://www.seemaxresources.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 30 June 2026
IPO Close Date
Thursday, 02 July 2026
Basis of Allotment
Friday, 03 July 2026
Initiation of Refunds
Monday, 06 July 2026
Credit of Shares to Demat
Monday, 06 July 2026
Listing Date
Tuesday, 07 July 2026 — NSE & BSE
Important Dates
Open Date
30 June 2026
Close Date
02 July 2026
Basis Of Allotment
03 July 2026
Listing Date
07 July 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 24.5 | 18.46 | 16.66 | 11.34 |
| Revenue | 12.43 | 14.46 | 11.41 | 11.38 |
| Profit After Tax | 2.24 | 2.24 | 1.43 | 0.79 |
| Net Worth | 7.96 | 5.72 | 3.48 | 2.05 |
| Reserve & Surplus | 4.96 | 2.72 | 3.47 | 2.04 |
| Total Borrowings | 13.13 | 9.68 | 10.94 | 7.58 |
EPS Pre
7.46%
EPS Post
6.80%
P/E Pre
18.91
P/E (Post Issue)
20.74x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 32.8 | 48.65 | 51.54 | 46.59 |
| ROCE % | 31.72 | 43.09 | 39.19 | 28.98 |
| Debt / Equity | 1.65 | 1.69 | 3.14 | 3.69 |
| RoNW % | 28.18 | 39.13 | 40.98 | 38.6 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 19.52 | 15.52 | 12.57 | 7.02 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 70000 | 5.26 | 0 |
| Non-Institutional | 660000 | 49.62 | 0 |
| BNII | 440000 | 33.08 | 0 |
| SNII | 220000 | 16.54 | 0 |
| Retail Investors | 600000 | 45.11 | 0 |
| Total | 1330000 | 100 | 0 |
Subscription Status
Subscriptions figures are shown once IPO opens.
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Seemax Resources Ltd | 10 | 0.00 | 7.48 | 7.48 | 28.18 | 26.53 |
| Sanghvi Movers Ltd | 1 | 29.18 | 11.22 | 11.22 | 7.98 | 140.31 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 282,000.00 |
| Retail (Max) | 2 | 2,000 | 282,000.00 |
| S-HNI (Min) | 3 | 3,000 | 423,000.00 |
| S-HNI (Max) | 7 | 7,000 | 987,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,128,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Wealth Mine Networks Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Seemax Resources IPO is a Book-building IPO worth ₹20 crores. The price band is ₹134 to 141 per share. The IPO opens on Tue, Jun 30, 2026 and closes on Thu, Jul 2, 2026. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Seemax Resources IPO opens on Tue, Jun 30, 2026 and closes on Thu, Jul 2, 2026
Seemax Resources IPO Price Band is ₹134 to 141.
Seemax Resources IPO lot size is 1000, and the minimum amount required for application is ₹282000.
The minimum investment for Seemax Resources IPO is approximately ₹282000 based on the upper price band.
To apply for the Seemax Resources IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jul 2, 2026. After submission, funds are blocked until the basis of allotment of Seemax Resources IPO is finalised.
Seemax Resources IPO issue size is ₹20 crores.
Seemax Resources IPO allotment date is Sat, Jun 27, 2026.
The registrar for Seemax Resources IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Seemax Resources IPO through their official website or helpline.