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Seemax Resources IPO
5.48xsubscribed

Seemax Resources IPO

listed
₹2.68LMin. investment

Seemax Resources Limited IPO Details

Price range₹134 – ₹141
IPO type
SME
Lot size1000 shares
Issue size₹20Cr
Red Herring Prospectus
Read

Seemax Resources IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Jun-26
17.19 times (X)
11.6 times (X)
0.46 times (X)
4.53 times (X)
01-Jul-26
17.19X
12.06X
0.93X
4.96X
02-Jul-26
17.19X
12.57X
1.51X
5.48X

As on 30-Jun-26, 5:00 PM

Seemax Resources IPO Timeline

  1. Pre-apply
    29 Jun 2026
  2. Bid start
    30 Jun 2026
  3. Bid end
    2 Jul 2026
  4. Allotment
    3 Jul 2026
  5. Release of funds
    6 Jul 2026
  6. Demat transfer
    6 Jul 2026
  7. Listing
    7 Jul 2026

About Seemax Resources Limited

Seemax Resources operates in the Material Handling Equipment (MHE) industry and caters to a wide range of industries such as automotive, steel, glass, cement, textiles, engineering goods, warehousing and logistics, retail and e-commerce, ports and shipping, construction and infrastructure, aviation, and railways. Its business is divided into two major segments: Rental solutions and trading of material handling equipment.
It provides material handling equipment on rent along with value-added services such as Annual Maintenance Contracts (AMC), preventive maintenance, on-call technical support, and trained operators under the rental solutions segment. As of December 31, 2025, the company owned a fleet of 97 material handling equipment units, including battery forklifts, diesel forklifts, Hydra cranes, Battery Operated Pallet Trucks (BOPT), and reach trucks.
Under the trading of material handling equipment segment, the company supplies new equipment and also offers customised solutions based on customer requirements through authorised dealership arrangements with reputed global manufacturers. The rental business remains the primary revenue contributor to the company's business. During 9MFY26, rental income stood at ₹10.54 crore, contributing 91.73% of revenue from operations, while product sales contributed ₹0.94 crore or 8.27%.
The business is highly concentrated in Gujarat. For 9MFY26, 96.32% of total revenue was generated from Gujarat, while the balance revenue came from Union Territory Silvassa and export revenue generated through Special Economic Zone (SEZ) operations in Gujarat. During 9MFY26, the largest customer contributed 22.3% of total revenue. The top 10 customers together accounted for 79.7% of revenue from operations.

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Objectives of Seemax Resources Limited IPO

Capital expenditure
50.60%
The company will use ₹10 crore for the purchase of material handling equipment.
General corporate purposes
25.20%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Working capital
16.40%
The company will use ₹3.25 crore for long-term working capital requirements of the business.
Repayment of debt
7.60%
₹1.5 crore to be used for repayment of institutional borrowings.

Seemax Resources IPO Contact Details

Company NameSeemax Resources Limited

How to apply for Seemax Resources IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Seemax Resources Limited IPO FAQs

Investors can apply for the Seemax Resources IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Seemax Resources IPO is 20 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Seemax Resources IPO will be open between 2026-06-30 and 2026-07-02.
Seemax Resources IPO allotment date is 2026-07-06. For Seemax Resources IPO allotment status check, you can visit the website of the registrar of the IPO.
For Seemax Resources IPO, the IPO registrar is CAMEO CORPORATE SERVICES LIMITED. You can check Seemax Resources IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Seemax Resources IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Seemax Resources IPO lot size is 1000 and minimum order quantity is 2000.
Seemax Resources IPO has set the price band for its IPO at 141 per equity share with a face value of 10.