Seemax Resources Limited
Bookbuilding IPO · BSE
- Price band
- ₹134 - ₹141
- Lot size
- 1,000 shares
- Issue amount
- ₹19.74 cr
- Total subscription
- 3.67×
- Opens
- 30 Jun 2026
- Closes
- 2 Jul 2026
- Allotment
- 3 Jul 2026
- Listing
- 7 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 14,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,34,000
- Fresh issue
- ₹19.74 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,41,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 30,00,000
- Shares after issue
- 44,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,82,000 |
| sHNI | 3 | 3,000 | ₹4,23,000 |
| bHNI | 8 | 8,000 | ₹11,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 2 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 4 |
| NIB | 0 | 565 |
| RETAIL | 300 | 455 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 147 | 200 |
| HNIs (2-10L) | 73 | 365 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.99 | 16.96 |
| Others | 0 | 16.96 |
| RETAIL | 8.46 | 12.83 |
| NIB | 9.31 | 38.99 |
| HNIs 2+ | 3.1 | 15.55 |
| HNIs 10+ | 6.2 | 23.43 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 7.48 | 7.46 | 4.75 | 2.64 |
| ROE | 32.8 | 48.65 | 51.54 | 46.59 |
| ROCE | 31.72 | 43.09 | 39.19 | 28.98 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 18.91 | 0 | 0 |
| POST IPO(PE) | 20.74 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Sanghvi Movers Limited | 29.18 | 327.45 | 10.00 | 140.31 | 7.98 | 11.22 |
| Seemax Resources Limited | 18.91 | 141.00 | 10.00 | 26.53 | 28.18 | 7.48 |
Company information
Company profile
Incorporated in 2015, Seemax Resources provides material handling equipment (MHE) rental and trading services. The company offers equipment such as forklifts, cranes, and pallet trucks on rent, along with trained operators and maintenance support. It also trades in material handling equipment sourced from leading global manufacturers. Seemax serves a wide range of industries, including automotive, steel, cement, textiles, logistics, retail, construction, aviation, and railways, providing solutions tailored to their specific handling needs. As of March 31, 2025, the company had a fleet of 82 rental equipment units, with the rental business contributing the majority of its revenue.
Strengths
- Comprehensive Material Handling Solutions: Provides equipment rentals, maintenance, operators, and trading services under one platform.
- Diversified Industry Client Base: Serves automotive, logistics, construction, railways, ports, and other sectors, reducing sector concentration risk.
- Strong Technical Expertise & Dealer Network: Experienced management and authorized dealership relationships support business growth.
Risk factors
- High Dependence on Rental Revenue: Majority of revenue comes from the rental segment, creating concentration risk.
- Capital Intensive Asset Base: Continuous investment is required for equipment acquisition, maintenance, and upgrades.
- Industry Cyclicality Exposure: Demand is linked to industrial, infrastructure, and construction sector activity
Promoters
Mr. Amit Naldev Trivedi
Mrs. Seema Trivedi
Registrar & documents
Lead manager
Wealth Mine Networks Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
403, Mayfair Corporate Park, Behind DPS School, Kalali, Vadodara, Gujarat, 390012
+91-99040 89444
[email protected]Company website ↗Understanding SEEMAX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.