Seemax Resources Limited is engaged in providing material handling equipment solutions through the trading, rental, leasing, maintenance, and servicing of forklifts, cranes, stackers, reach trucks, pallet trucks, and other industrial machinery.
The company serves a wide range of industries including automotive, steel, cement, textiles, warehousing & logistics, retail, e-commerce, ports, construction, aviation, and railways, helping businesses improve operational efficiency and equipment utilization.
Based in Vadodara, Gujarat, Seemax has evolved from an automotive-focused business into a diversified industrial solutions provider.
As of March 31, 2026, the company had 179 employees including engineers, technicians, operators, and support staff.
Seemax Resources IPO – Details
| IPO Opening Date | 30 June 2026 |
| IPO Closing Date | 02 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 14,00,000 Shares Worth ₹19.74 Crore Fresh Issue: 14,00,000 Shares Worth ₹19.74 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹134 – ₹141 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 5.26% |
| NII Shares Offered | 49.62% |
| Retail Shares Offered | 45.11% |
Seemax Resources IPO – Date Schedule
| IPO Open Date | 30 June 2026 |
| IPO Close Date | 02 July 2026 |
| Basis of Allotment | 03 July 2026 |
| Initiation of Refund | 06 July 2026 |
| Credit of Shares to Demat | 06 July 2026 |
| IPO Listing Date | 07 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 02, 2026 |
Seemax Resources IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,82,000 |
| Retail (Max) | 2 | 2000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,23,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 8000 | ₹11,28,000 |
Competitive Strength
- Comprehensive rental solutions with value-added services.
- Skilled and dedicated workforce.
- Quality assurance.
- Experienced promoters and senior management with technical expertise.
- Authorized dealership network.
Company Promoters
- Mr. Amit Naldev Trivedi
- Mrs. Seema Trivedi
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹11.38 Cr | ₹10.34 Cr | ₹0.79 Cr | ₹7.58 Cr |
| 31 March 2024 | ₹11.41 Cr | ₹9.33 Cr | ₹1.43 Cr | ₹10.94 Cr |
| 31 March 2025 | ₹14.46 Cr | ₹11.43 Cr | ₹2.24 Cr | ₹9.68 Cr |
| 31 December 2025 | ₹12.43 Cr | ₹9.51 Cr | ₹2.24 Cr | ₹13.13 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 32.80% |
| ROCE | 31.72% |
| Debt/Equity | 1.65 |
| RoNW | 28.18% |
| PAT Margin | 19.52% |
| EBITDA Margin | 30.55% |
| Price to Book Value | 5.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.46 | 6.80 |
| P/E (x) | 18.91 | 20.74 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding Capital Expenditure towards Purchase of Material Handling Equipment. | ₹10.00 |
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions. | ₹1.50 |
| Funding the long-term working capital requirements of the Company. | ₹3.25 |
| General Corporate Purpose. | – |
✅Strengths
- Diversified revenue from trading, rental, leasing & servicing.
- Serves multiple industries, reducing sector dependence.
- Experienced promoters with a skilled 179-member workforce.
⚠️Risks
- Dependent on industrial and infrastructure demand.
- Faces strong competition in the equipment rental market.
- Business requires high capital for equipment purchase & maintenance.
Seemax Resources IPO Promoter Holding
| Pre-Issue Share Holding | 99.98% |
| Post Issue Share Holding | 68.18% |
Seemax Resources IPO Prospectus
Company Contact Information
| Seemax Resources Limited 403, Mayfair Corporate, Park, Behind DPS School, Kalali, Vadodara, Gujarat, India,390012 Phone: +91-99040 89444 Email: info@seemaxresources.com Website: https://www.seemaxresources.com/ |
Seemax Resources IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipostatus1.cameoindia.com/ |
Seemax Resources IPO Lead Manager(s)
| 1. Wealth Mine Networks Pvt. Ltd. |
Seemax Resources IPO FAQ
| What is the Seemax Resources IPO? Seemax Resources IPO is an SME IPO. The issue is priced at ₹134 – ₹141 per equity share. The IPO is to be listed on BSE SME. |
| When will Seemax Resources IPO open? The IPO is to open on 30 June 2026 for QIB, NII and Retail Investors. |
| What is Seemax Resources IPO Investors’ Portion? The investors’ portion for QIB – 5.26%, NII – 49.62%, and Retail – 45.11%. |
| What is the Seemax Resources IPO Size? Seemax Resources IPO size is ₹19.74 Crore. |
| What are the Seemax Resources IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,82,000, while the maximum bid is 2000 Shares for ₹2,82,000. |
| What is the Seemax Resources IPO Allotment Date? Seemax Resources IPO allotment date is 03 July 2026. |
| What is the Seemax Resources IPO Listing Date? Seemax Resources IPO listing date is 07 July 2026. The IPO is to be listed on the BSE SME. |
