Seemax Resources IPO
Bookbuilding IPO | ₹20.00 Cr | Listing at BSE SME
Closed
IPO Open
Tue, Jun 30, 2026
IPO Close
Thu, Jul 02, 2026
Price Band
₹134.00 to ₹141.00
Market Cap (Pre-IPO)
₹62.04 Cr
IPO Details
| IPO Date | Jun 30, 2026 to Jul 02, 2026 |
| Listing Date | Tentative: Jul 07, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹134.00 to ₹141.00 |
| Lot Size | 1000 Shares (Minimum: ₹141,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹20.00 Crores |
| Total Shares Offered | 1,400,000 shares |
| Fresh Issue | 1,400,000 shares |
| Offer For Sale | 1,400,000 shares |
Seemax Resources IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Seemax Resources IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹282,000 |
| Retail (Max) | 2 | 2,000 | ₹282,000 |
| S-HNI (Min) | 3 | 3,000 | ₹423,000 |
| S-HNI (Max) | 7 | 7,000 | ₹987,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,128,000 |
Seemax Resources Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 18.46 | 16.66 | 11.34 |
| Total Income | 14.46 | 11.41 | 11.38 |
| Profit After Tax | 2.24 | 1.43 | 0.79 |
| EBITDA | 4.85 | 3.78 | 2.34 |
| NET Worth | 5.72 | 3.48 | 2.05 |
| Reserves and Surplus | 2.72 | 3.47 | 2.04 |
| Total Borrowing | 9.68 | 10.94 | 7.58 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 48.65% |
| ROCE (Return on Capital Employed) | 43.09% |
| Debt/Equity | 1.69 |
| RoNW (Return on Net Worth) | 39.13% |
| PAT Margin (Profit After Tax Margin) | 15.52% |
| EBITDA Margin | 33.63% |
| Price to Book Value | 7.40 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.46 | 5.08 |
| P/E (x) | 18.91 | 27.73 |
| Promoter Holding | 99.99% | 68.18% |
Company Promoters
- Mr. Amit Naldev Trivedi and Mrs. Seema Trivedi are the company promoters.
Company Overview
Seemax Resources – Company Overview
- Incorporated in 2015, Seemax Resources Limited is engaged in the rental and trading of Material Handling Equipment (MHE).
- The company provides rental solutions for equipment such as forklifts, cranes, and pallet trucks, along with trained operators and maintenance support services.
- As of March 31, 2025, the company's rental fleet consisted of 82 Material Handling Equipment (MHE) units.
- In addition to rentals, the company also trades in Material Handling Equipment sourced from leading global manufacturers.
- The company serves diverse industries including automotive, steel, glass, cement, textiles, logistics, retail, ports, construction, aviation, and railways.
- Seemax designs customized material handling solutions to meet the operational requirements of different industries.
- In FY 2024-25, the company generated 94.71% of its revenue from the rental business and 5.29% from the MHE trading segment.
Company 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.
Use of Proceeds
| 1) | Funding Capital Expenditure towards Purchase of Material Handling Equipment | 9.00 |
| 2) | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions | 1.00 |
| 3) | Funding the Long-term working capital requirements of our Company | 3.25 |
| 4) | General Corporate Purpose |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Seemax Resources IPO Peer Comparison
Seemax Resources peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Seemax Resources Ltd. | 7.48 | 7.48 | 26.53 | - | 28.18 | - | - |
| Sanghvi Movers Ltd | 11.22 | 11.22 | 140.31 | 29.18 | 7.98 | 2.34 | Standalone |
Quick Info
| Sector | Industrial Equipment & Logistics Services |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹62.04 Cr |
Important Dates
| IPO Open | Jun 30, 2026 |
| IPO Close | Jul 02, 2026 |
| Allotment Date | Jul 03, 2026 |
| Credit to Demat | Jul 06, 2026 |
| Listing Date | Tentative: Jul 07, 2026 |
Lead Manager(s)
Wealth Mine Networks Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹19.74 crores.
- Issue Structure: Entirely a fresh issue of 0.14 crore shares totaling ₹19.74 crores.
- IPO Dates: The issue opens on June 30, 2026 and closes on July 2, 2026.
- Allotment Date: The allotment is expected to be finalized on July 3, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on July 7, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,000 shares) amounting to approximately ₹2,82,000 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,000 shares) totaling around ₹4,23,000.
- Sector: Resources and commodity-related business.
- Issue Price Band: ₹134 to ₹141 per equity share.
- Lot Size: 1,000 shares per lot.
This IPO offers investors an opportunity to participate in the resources sector through a fresh issue of shares.