Seemax Resources IPO - Company Analysis
Seemax Resources IPO under the SME IPO category is a bookbuild issue of Rs. 19.74 Cr by Seemax Resources Limited and focuses on Forklifts, cranes, stackers, reach trucks, pallet trucks, container handling equipment, and other industrial gear that are traded, rented, leased, maintained, and serviced to provide material handling equipment solutions. Automotive, steel, glass, cement, textiles, engineering, warehousing & logistics, retail & e-commerce, ports & shipping, construction & infrastructure, aviation, and railways are just a few of the industries that the company serves.
Seemax Resources IPO Details
The Seemax Resources IPO date of opening is 30 Jun 2026, its initial public offering will end on 02 Jul, IPO allotment on Jul 03 and refund initiation on Jul 06, 2026.
The Rs. 19.74 crore new SME IPO comprises a wholly fresh issue of 0.14 crore shares.
The Seemax Resources IPO listing date (expected) might be Tuesday, Jul 07, 2026, and listing at the BSE and SME.
The Seemax Resources IPO price band is Rs. 134 to Rs. 141.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 30, 2026 |
|
IPO Closing Date |
Jul 02, 2026 |
|
IPO Allotment Date |
Jul 03, 2026 |
|
Refund Initiation |
Jul 06, 2026 |
|
IPO Listing Date |
Jul 07, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
234.16 |
350.01 |
199.96 |
|
Net Cash Flow Investing Activities |
(159.55) |
(436.47) |
(108.26) |
|
Net Cash Flow Financing Activities |
(258.67) |
230.66 |
(103.49) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding Capital Expenditure towards Purchase of Material Handling Equipment. ~ Rs. 10 Cr.
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions. ~ Rs. 1.50 Cr.
- Funding the long-term working capital requirements of the Company. ~ Rs. 3.25 Cr.
- General Corporate Purposes.
Listed Peers of Seemax Resources Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Sanghvi Movers Ltd. |
1 |
11.22 |
29.18 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
RoE |
48.65% |
|
ROCE |
43.09% |
|
Debt/Equity |
1.69 |
|
RoNW |
39.13% |
|
PAT Margin |
15.52% |
|
EBITDA Margin |
33.63% |
|
P.B Value |
7.40 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 7.46 from the last year, the resulting P/E ratio is 18.90x.
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IPO's Strengths
- All-inclusive rental options with extra services.
- Competent and committed staff.
- Assurance of quality.
- Senior management with technological skills and seasoned promoters.
IPO's Weaknesses
- High Dependence on Borrowings
- Dependence on Equipment Rental Business
- Supplier Dependency Risk.
Seemax Resources IPO GMP
Seemax Resources IPO GMP today is Rs. 0 as of 27 June 2026, while writing this information.
Seemax Resources IPO Summary
|
IPO Opening & Closing Date |
30 Jun, 2026 to 02 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 134 to Rs. 141 per Share. |
|
Lot Size |
1000 Shares |
|
Issue Size |
14,00,000 Shares (Rs. 20 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
13,30,000 Shares (Rs. 19 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuilding Issue |
|
Registrar |
Cameo Corporate Services Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,82,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3000 Shares) for Rs. 4,23,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Seemax Resources IPO Allotment Status
To check the Seemax Resources IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Seemax Resources Ltd.
- Mr. Amit Naldev Trivedi
- Mrs. Seema Trivedi.
|
Pre-Issue Promoter Shareholding |
99.98% |
|
Post-Issue Promoter Shareholding |
68.18% |
IPO Lead Managers
- Wealth Mine Networks Pvt. Ltd.
Dividend Policy
The company has not declared a dividend since its incorporation.
Conclusion
Investors can gain exposure to the expanding material handling equipment rental and servicing industry through the Seemax Resources IPO. The company exhibits excellent business prospects with growing profitability, robust margins, and seasoned promoters.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company, Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
