IPO details · Updated
Seemax Resources Limited
- Price Band
- ₹134 – ₹141
- Lot Size
- 1,000 shares
- Min. Investment
- ₹1,41,000
- Issue Size
- ₹19.74 Cr
- Offer Dates
- 30 Jun – 2 Jul 2026
- Listing
- 7 Jul 2026
Issue Details
- Total Issue Size
- ₹19.74 Cr
- 14,00,000 shares
- Fresh Issue
- ₹19.74 Cr
- 14,00,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 30,00,000
- Shares Post-Issue
- 44,00,000
IPO Timeline
Offer opens
30 Jun 2026
Offer closes
2 Jul 2026
Allotment
3 Jul 2026
Listing
7 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB5.0%70,000 shares
- HNI47.1%6,60,000 shares
- Retail42.9%6,00,000 shares
- MarketMaker5.0%70,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 70,000 | 12,03,300 | 17.19x |
| NII | 6,60,000 | 26,92,800 | 4.08x |
| Retail | 6,00,000 | 9,12,000 | 1.52x |
| Total | 13,30,000 | 48,08,100 | 3.62x |
Lot Size & Investment
1 lot = 1,000 shares
Retail (min)
2 lots · 2,000 shares
Retail (max)
2 lots · 2,000 shares
S-HNI (min)
3 lots · 3,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,82,000 |
| Small HNI (S-HNI) | 3 | 3,000 | ₹4,23,000 |
| Big HNI (B-HNI) | 8 | 8,000 | ₹11,28,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 24.5 | 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 & Surplus | 4.96 | 2.72 | 3.47 | 2.04 |
| Total Borrowing | 13.13 | 9.68 | 10.94 | 7.58 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 |
|---|---|---|
| ROE (%) | 32.8 | 48.65 |
| ROCE (%) | 31.72 | 43.09 |
| EPS (₹) | — | 7.46 |
| P/E (pre-issue) | — | 18.91 |
| P/E (post-issue) | — | 20.74 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Sanghvi Movers Ltd | 29.18 | 7.98% |
About Seemax Resources Limited
Incorporated in February 2015, Seemax Resources Limited is engaged in providing material handling equipment solutions through the trading, rental, leasing, maintenance, and servicing of forklifts, cranes, stackers, reach trucks, pallet trucks, container handling equipment, and other industrial machinery. The company caters to a diverse range of industries, including automotive, steel, glass, cement, textiles, engineering, warehousing & logistics, retail & e-commerce, ports & shipping, construction & infrastructure, aviation, and railways. The company offers comprehensive solutions for material movement and warehouse operations, helping customers improve operational efficiency, productivity, and equipment utilization. Led by promoters Mr. Amit Naldev Trivedi and Mrs. Seema Trivedi, Seemax has evolved from an automotive-focused business into a diversified industrial solutions provider with a strong presence across multiple sectors. As of March 31, 2026, the company had 179 employees, including engineers, technicians, operators, site supervisors, and administrative personnel. Competitive Strengths: Comprehensive rental solutions with value-added services. Skilled and dedicated workforce. Quality assurance. Experienced promoters and senior management with technical expertise. Authorized dealership network.
Objects of the Issue
- Funding Capital Expenditure towards Purchase of Material Handling Equipment (₹10.00 Cr)
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions (₹1.50 Cr)
- Funding the long-term working capital requirements of the Company (₹3.25 Cr)
- General Corporate Purposes (₹2.96 Cr)
- Issue expenses (₹2.03 Cr)
Promoters
- <p>Amit Naldev Trivedi
- Seema Trivedi</p>
Company Information
- Book running lead managers
- Wealth Mine Networks Ltd.
- Registered office
- 403, Mayfair Corporate Park, Behind DPS School, Kalali, Vadodara, Gujarat, 390012
- Market maker
- Sunflower Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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