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Seemax Resources IPO
Price Band
₹134.0–141.0
Issue Size
₹19.74 Cr
Lot Size
1,000 shares
Min Investment
₹282,000
2 LOTS MIN
GMP
—
Issue Price
₹141.0
Seemax Resources IPO AI Summary
- Seemax Resources IPO is listed on BSE SME in the Diversified Commercial Services sector.
- Price band: ₹134.0–₹141.0 per share, lot size 1,000 shares (min. investment ₹282,000, 2 lots minimum).
- Subscription window: 30 Jun–02 Jul 2026, listing on 07 Jul 2026.
Seemax Resources Limited is set to list on July 7, 2026, following a successful IPO subscription. The company operates in the material handling equipment sector, with a focus on rental services and trading. Investors should consider the company's financials and market conditions before making investment decisions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
3.62x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
17.19x
|
17x ✓ |
| NII (HNI) |
4.08x
|
4.08x |
| ↳ bNII (>₹10L) |
3.62x
|
3.62x |
| ↳ sNII (<₹10L) |
5.01x
|
5.01x |
| Retail (RII) |
1.52x
|
1.52x |
| Total | 3.62x | 3.62x |
Auto-updated every 5 min · As of 2nd Jul 2026 18:56
Seemax Resources IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Seemax Resources Limited, incorporated in 2015, operates in the material handling equipment (MHE) industry through two primary business segments: equipment rental services and MHE trading. The company provides a wide range of rental solutions, including forklifts, cranes, pallet trucks, and other material handling equipment, supported by trained operators and maintenance services to ensure smooth operations for its customers. As of March 31, 2025, the company managed a fleet of 82 material handling equipment units under its rental business. In addition to rental services, Seemax Resources is engaged in the trading of material handling equipment sourced from reputed global manufacturers, enabling it to offer comprehensive solutions to its clients. The company caters to a diverse customer base across multiple industries, including automotive, steel, glass, cement, textiles, logistics, retail, ports, construction, aviation, and railways. By understanding the unique operational requirements of each sector, the company delivers customized material handling solutions aimed at enhancing efficiency, safety, and productivity. During Fiscal 2025, the rental business remained the company's primary revenue driver, contributing approximately 94.71% of total revenue, while the MHE trading segment accounted for the remaining 5.29%. Key Competitive Strengths Comprehensive material handling rental solutions supported by value-added services. Experienced and technically skilled workforce focused on operational excellence. Strong emphasis on quality assurance and equipment reliability. Promoters and senior management team with extensive industry experience and technical expertise. Established relationships with authorized dealers and leading equipment manufacturers.
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 24.50 | 18.46 | 16.66 | 11.34 |
| Total Income | 12.43 | 14.46 | 11.41 | 11.38 |
| Profit After Tax | 2.24 | 2.24 | 1.43 | 0.79 |
| EBITDA | 3.51 | 4.85 | 3.78 | 2.34 |
| NET Worth | 7.96 | 5.72 | 3.48 | 2.05 |
| Reserves and Surplus | 4.96 | 2.72 | 3.47 | 2.04 |
| Total Borrowing | 13.13 | 9.68 | 10.94 | 7.58 |
Key Ratios
EPS
₹7.46
NAV
₹19.06
ROE
48.65%
ROCE
43.09%
RoNW
39.13%
P/B Value
7.40
P/E Ratio
18.91
Market Cap
₹62.04 Cr
PAT Margin
15.52%
Debt/Equity
1.69
Promoters
Amit Naldev Trivedi, Seema Trivedi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards Purchase of Material Handling Equipment 10.00 2 Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions 1.50 3 Funding the long-term working capital requirements of the Company 3.25 4 General Corporate Purposes 2.96 5 Issue expenses 2.03 Total 19.74
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹11.38 Cr in the period ending March 31, 2023, increasing to ₹11.41 Cr by March 31, 2024, then rising to ₹14.46 Cr by March 31, 2025. However, it decreased to ₹12.43 Cr in the period ending December 31, 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.79 Cr for the period ending March 31, 2023, which increased to ₹1.43 Cr by March 31, 2024, remaining steady at ₹2.24 Cr for both March 31, 2025, and December 31, 2025.
Grey Market Premium, Explained
The grey market refers to a platform where shares of an IPO are traded before they are officially listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price compared to the issue price, providing insight into market sentiment.
Subscription Demand
As of July 2, 2026, the IPO was subscribed 3.62 times overall. The institutional category saw significant demand, with QIBs subscribing 17.19 times and NIIs 4.08 times. Retail investors subscribed 1.52 times, indicating varied interest across different investor categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their portfolio goals and risk tolerance. It's important to consider the company's fundamentals and market position.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on June 30, 2026, and closes on July 2, 2026. Allotment of shares will be done on July 3, 2026, followed by the listing on July 7, 2026.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions at the time of listing. Investors should be aware that while some IPOs may see a rise in share price on their first day, others may not, and there is a risk of loss.
This evaluation is generated from Seemax Resources's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Seemax Resources IPO?
The price band of Seemax Resources IPO is ₹134.0–₹141.0 per share.
When does Seemax Resources IPO open and close?
Seemax Resources IPO opens on 30 June 2026 and closes on 02 July 2026.
When does Seemax Resources IPO list on the stock exchange?
Seemax Resources IPO listed on 07 July 2026 at ₹141.0.
What is the lot size for Seemax Resources IPO?
The lot size for Seemax Resources IPO is 1000 shares, requiring a minimum investment of ₹282,000 (2 lots).
What is the lot size for this IPO?
The lot size for Seemax Resources IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹2,82,000.
What is the price band for this IPO?
The price band for the IPO is between ₹134.0 and ₹141.0.
When is the listing date for the IPO?
The listing date for Seemax Resources IPO is July 7, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹30.0 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential MF
Axis Mutual Fund
DSP MF
Mirae Asset MF
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
30 Jun 2026
Close
02 Jul 2026
Allotment
03 Jul 2026
Listing
07 Jul 2026
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