Seemax Resources IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
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…
Open Date
Tue, 30 Jun 2026
Close Date
Thu, 02 Jul 2026
Price Band
₹ 134 – 141
Lot Size
1000
Issue Size
₹ 20.00 Cr
Minimum Investment
₹ 282,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Seemax Resources IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹20.00 Crore, comprising a fresh issue of 13.30 Lakh equity shares aggregating to ₹19.00 Crore.
The Seemax Resources IPO remained open for subscription from June 30, 2026, to July 02, 2026. The basis of allotment was finalized on July 03, 2026, and the company's shares were listed on BSE SME Platform on July 07, 2026.
The company had fixed the price band at ₹134 to ₹141 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹282,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Wealth Mine Networks Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Seemax Resources Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Seemax Resources IPO Timeline (Tentative)
- IPO Open Date
- Tue, 30 Jun 26
- IPO Close Date
- Thu, 02 Jul 26
- Basis of Allotment
- Fri, 03 Jul 26
- Initiation of Refunds
- Mon, 06 Jul 26
- Credit of Shares to Demat
- Mon, 06 Jul 26
- Listing Date
- Tue, 07 Jul 26 — NSE & BSE
Open Date
30 June 2026
Close Date
02 July 2026
Basis Of Allotment
03 July 2026
Listing Date
07 July 2026
IPO Subscription
Check Live Subscription →The Seemax Resources IPO has received bids for 48,78,000 shares against 13,30,000 shares offered, resulting in an overall subscription of 3.67x. the NII category is subscribed 4.19x, Retail Investors 1.52x, and QIBs 17.19x. Within the NII category, BNII is subscribed 3.78x, while SNII is subscribed 5.01x.
QIB
17.19x
NII
4.19x
BNII
3.78x
SNII
5.01x
RII
1.52x
Total
3.67x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,00,000 shares, representing 45.11% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 70,000 shares (5.26%), while Non-Institutional Investors (NIIs) receive 6,60,000 shares (49.62%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 70,000 | 5.26% |
| Non-Institutional | 660,000 | 49.62% |
| BNII | 440,000 | 33.08% |
| SNII | 220,000 | 16.54% |
| Retail Investors | 600,000 | 45.11% |
| Total | 1,330,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Seemax Resources Limited KPI Information
| 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 |
| Pat Margin % | 19.52 | 15.52 | 12.57 | 7.02 |
Peers Comparison
| 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 |
About Seemax Resources Limited
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.
Seemax Resources IPO Promoters
- Mr. Amit Naldev Trivedi
- Mrs. Seema Trivedi
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
68.18%
Seemax Resources IPO Objective
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
Seemax Resources Limited Address / Contact Details
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
Seemax Resources IPO Lot Size
The Seemax Resources IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,82,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,82,000.
| 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 |
Issue Reservation
- QIB — 5.26%
- NII — 49.62%
- RII — 45.11%
Book Running Lead Managers
- Wealth Mine Networks Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Seemax Resources IPO?
Seemax Resources IPO is a Book-building IPO with a total issue size of ₹20 crore. The Seemax Resources IPO price band is ₹134 to 141 per share. The Seemax Resources IPO subscription opens on Tue, Jun 30, 2026, and closes on Thu, Jul 2, 2026. The Seemax Resources IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Seemax Resources IPO.
When will the Seemax Resources IPO open for subscription?
The Seemax Resources IPO opens on Tue, Jun 30, 2026 and closes on Thu, Jul 2, 2026
What is Seemax Resources IPO Price Band?
Seemax Resources IPO Price Band is ₹134 to 141 per share.
What is Seemax Resources IPO Lot Size?
Seemax Resources IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹282000 based on the upper price band
What is the minimum investment for Seemax Resources IPO?
The minimum investment for Seemax Resources IPO is ₹282000, based on one lot of 1000 shares at the upper price band of ₹141 per share.
How to apply for Seemax Resources IPO?
Investors can apply for the Seemax Resources IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jul 2, 2026. The application amount remains blocked until the Seemax Resources IPO allotment is finalized.
What is Seemax Resources IPO Issue Size?
Seemax Resources IPO issue size is ₹20 crores.
What is the Seemax Resources IPO Allotment Date?
Seemax Resources IPO allotment date is Fri, Jul 3, 2026.
Who is the Seemax Resources IPO Registrar?
The registrar for Seemax Resources IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Seemax Resources IPO allotment status, refund processing, and other IPO-related information.
Who is the Seemax Resources IPO Lead Manager?
The book-running lead managers (BRLMs) for the Seemax Resources IPO are Wealth Mine Networks Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Seemax Resources IPO Red Herring Prospectus (RHP).