Seemax Resources
07 Jul '26SME
Min. Investment
₹2,68,000
Issue size
₹19.74 Cr
GMP
Locked
Overall subscription: 3.15x
Expert verdict
IPO dates
30 Jun
Opening
02 Jul
Closing
03 Jul
Allotment
07 Jul
Listing
*Refunds will be initiated on 06 Jul '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,82,000 |
Subscription (as on 01 July 2026, 06:30 PM)
Overall3.15x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2015|MD: Mr. Amit Naldev Trivedi
- Seemax Resources Limited provides material handling equipment (MHE) rental and trading services to industries such as automotive, steel, glass, cement, textiles, warehousing and logistics, retail, construction, aviation, and railways. The company’s rental solutions business includes the deployment of equipment along with operator support and maintenance services. Its fleet comprises battery forklifts, diesel forklifts, Hydra cranes, battery-operated pallet trucks (BOPT), and reach trucks. As of December 31, 2025, the company owned and operated a fleet of 97 MHE units.
- In addition to equipment rentals, Seemax Resources is engaged in the trading of material handling equipment sourced from global manufacturers through authorised dealership arrangements. The company also provides customised equipment solutions based on customer requirements. Revenue is generated from equipment rentals and the sale of material handling equipment. The company primarily operates in Gujarat and has its registered office located in Vadodara, Gujarat.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Capital expenditure towards purchase of material handling equipment – Rs 10 crore
- Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions – Rs 1.5 crore
- Long-term working capital requirements of the company – Rs 3.25 crore
- General corporate purposes
Issue Details & Objective
Lot size
1000 Shares
Price band
₹134 to 141
Face value
₹10 per share
Financials
IPO reservation
QIB - 5.26%
HNI - 49.62%
Retail - 45.11%
Download DRHP (IPO Doc)FAQs
Should I apply for the Seemax Resources IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Seemax Resources IPO?
The issue size of Seemax Resources IPO is ₹19.74 Cr
What are the open and close dates for Seemax Resources IPO?
The Seemax Resources IPO will be open for applications from 30 Jun '26 to 02 Jul '26
What is the lot size and minimum order quantity of Seemax Resources IPO?
The lot size of Seemax Resources IPO is 1000 Shares and its minimum investment amount is ₹2,68,000.
What is the GMP value of Seemax Resources IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Seemax Resources IPO is 0.00
