Seemax Resources was incorporated on February 04, 2015. The company serves a diverse range of industries, including automotive, steel, cement, textiles, logistics, retail, construction, aviation, and railways. Its material handling solutions are tailored to meet the specific operational requirements of each sector, reducing dependence on any single industry
| Bidding Dates |
|---|
| 30 Jun 2026 - 02 Jul 2026 |
| Subscription |
|---|
| 3.48x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,68,000 | 2 | 2 | 1000 | 1.4 M | ₹134 - ₹141 | 68.18 % | ₹187.6 M - ₹197.4 M | RHP DOC |
Seemax Resources IPO SUBSCRIPTION STATUS
02 Jul '26Seemax Resources IPO overall subscription rate was 3.48 times the total available shares
Seemax Resources IPO retail subscription rate was 1.86 times in the retail segment
Seemax Resources IPO non-institutional investor subscription rate was 13.17 times in the non-institutional investor category
Seemax Resources IPO Qualified Institutional Bidder subscription rate was 1.72 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Jul 2026 (Day 3) | 1.86x | 13.17x | 1.72x |
01 Jul 2026 (Day 2) | 1.14x | 12.63x | 1.72x |
30 Jun 2026 (Day 1) | 0.56x | 12.16x | 1.72x |
Seemax Resources FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 11.5 | 2.2 | -3.3 | -3.9 | 30.6% |
| FY25 | 14.4 | 2.2 | 2.3 | 0.7 | 33.6% |
| FY24 | 11.3 | 1.4 | 3.5 | -0.9 | 33.3% |
| FY23 | 11.3 | 0.8 | 2.0 | 0.9 | 20.7% |
Seemax Resources IPO SUBSCRIPTION STATUS DETAILS
Seemax Resources had 1.4 M shares on offer
Seemax Resources IPO offer price was in the range ₹134 - ₹141
Seemax Resources IPO minimum Investment was ₹268000
Seemax Resources IPO issue size was ₹ 187.6 M - ₹ 197.4 M
Seemax Resources had a minimum lot size of 1000 Shares per application
Seemax Resources NUMBER OF SHARES ON OFFER
Seemax Resources IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2026 |
| Issue close Date | 02 Jul 2026 |
| Allotment Date | 03 Jul 2026 |
| Refund Date | 06 Jul 2026 |
| Demat Account Credit Date | 06 Jul 2026 |
| Listing Date | 07 Jul 2026 |
| Listing on Exchange(s) | BSE |
| Seemax Resources Allotment Status | Exchange/ Registrar |
Seemax Resources IPO subscription opened on 30 Jun 2026, and closed on 02 Jul 2026
IPO allotment for Seemax Resources was finalized on Friday, 03 Jul 2026
IPO listing for Seemax Resources was on BSE on Tuesday, 07 Jul 2026
Seemax Resources IPO LISTING GAINS
| Issue Price (adjusted) | 141.0 |
| Listing Open Price | 112.8 |
| Listing Close Price | 107.2 |
| Listing Gain% | -20.0% |
| Current Gain% | -57.1% |
Seemax Resources Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Seemax Resources Ltd. | 60.4 | 26.6 | 15.2 | -0.7 | 1.8 | 23.4 | 7.6 | 15 | 3.7 | 1.7 | -21.8 | 4 | -21.8 |
| BlackBuck Ltd. | 577.6 | 10521.9 | 62.3 | 0 | 14.8 | 11.3 | 9.2 | 714.6 | 54.5 | 160.3 | 1952.6 | 9.3 | 4749.2 |
| TVS Supply Chain Solutions Ltd. | 133.8 | 5903.1 | 51.7 | 0.1 | 0.5 | 5.6 | 1.6 | 11040.8 | 10.1 | 114.3 | 940.9 | 2.6 | 940.9 |
| Sanghvi Movers Ltd. | 488.4 | 4228.4 | 21.2 | 1.1 | 3.6 | 14.1 | 7.9 | 1099.6 | 33.6 | 184.3 | 17.7 | 23 | 19.8 |
| Kernex Microsystems (India) Ltd. | 2451.8 | 4119.9 | 46.6 | 0.6 | 9.6 | 35.6 | 9.6 | 432.5 | 126.2 | 88.3 | 75.8 | 52.6 | 75.8 |
| TIL Ltd. | 232.1 | 1843.4 | -59.9 | 0.1 | 5.7 | -27.7 | -4.5 | 337.4 | -1.7 | -30.8 | -1175.9 | -3.9 | -1175.9 |
Seemax Resources INFORMATION ON IPO ISSUE
About Seemax Resources
Seemax Resources was incorporated on February 04, 2015. The company serves a diverse range of industries, including automotive, steel, cement, textiles, logistics, retail, construction, aviation, and railways. Its material handling solutions are tailored to meet the specific operational requirements of each sector, reducing dependence on any single industry
Object of the Issue
- Funding capital expenditure towards purchase of material handling equipment
- Funding towards repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions
- Funding the Long-term working capital requirements of the company
- General corporate purposes
Seemax Resources - PROMOTERS
| Name |
|---|
| Amit Naldev Trivedi |
| Seema Trivedi |
Seemax Resources - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Amit Naldev Trivedi | Chairman & Managing Director |
| Seema Trivedi | Whole-time Director |
| Srinivasan Venkateshmurthy | Non-Executive Director |
| Sapna Jain | Non-Executive and Independent Director |
| Aishwarya Singhvi | Non-Executive and Independent Director |
Seemax Resources Book Running Lead Manager
Wealth Mine Networks Limited
info@wealthminenetworks.com
Seemax Resources Registrar to the Offer
Cameo Corporate Services Limited
ipo@cameoindia.com
Seemax Resources Strengths
Comprehensive rental solutions
The company offers comprehensive rental solutions that combine equipment leasing with maintenance services, preventive servicing, technical support, and skilled operators. This integrated approach helps minimize downtime, improve safety and productivity, and strengthens its position as a reliable long-term partner for clients
Authorised dealership network
The company sources Material Handling Equipment through authorised dealership partnerships with reputed international manufacturers, ensuring high quality, safety, and compliance with global standards. This trusted sourcing network enhances customer confidence and strengthens the company’s credibility in the industry
Quality assurance
The company places strong emphasis on quality assurance, safety, and workforce training through structured induction and regular refresher programs for operators and support staff. This continuous focus on skill development and operational excellence helps ensure reliable service, minimal downtime, and high levels of customer satisfaction
Seemax Resources Risks
Work-force intensive
The company’s operations depend on attracting, retaining, and effectively managing skilled personnel, including operators, technicians, and logistics professionals. Any inability to retain key employees or manage workforce attrition could disrupt operations, increase costs, reduce service quality, and adversely affect financial performance
Technological advancement risks
The company operates in an industry driven by continuous technological advancements, requiring regular fleet upgrades to meet evolving customer requirements and industry standards. Any inability to adopt new technologies or invest in modern equipment in a timely and cost-effective manner could reduce competitiveness, lower asset utilization, and adversely affect financial performance
Operational risks
The company’s operations rely heavily on employees, contractors, and equipment operators, making it vulnerable to risks arising from misconduct, negligence, fraud, safety violations, or operational errors. Any such incidents could result in financial losses, legal liabilities, reputational damage, disruption of customer relationships, and adversely affect the company’s business and financial performance
IPO FAQs
The promoters of the company are Amit Naldev Trivedi and Seema Trivedi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 134.0 - 141.0.
The IPO application opens on Jun 30, 2026 and closes on Jul 02, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 268,000.0, the maximum value for this IPO is Rs 282,000.0.
This IPO will be allotted on Jul 03, 2026.
The refund will be credited to your account on Jul 06, 2026.
The allotted shares will be credited to your demat on Jul 06, 2026.
Seemax Resources Ltd.’s shares listed on the stock exchanges on Jul 07, 2026.