Seemax Resources SME IPO Opens on June 30; Check Price Band, Issue Size and Key Details

Seemax Resources has announced the launch of its Initial Public Offering (IPO), which will open for subscription on June 30, 2026, and close on July 2, 2026. The Gujarat-based company, engaged in material handling equipment (MHE) rental solutions and trading, aims to raise up to Rs 19.74 crore through a fresh issue of equity shares. The company is proposed to be listed on the BSE SME platform, with a tentative listing date of July 7, 2026.

Seemax Resources IPO Details

The IPO comprises a fresh issue of 14,00,000 equity shares with a price band of Rs 134 to Rs 141 per share. Since the issue is entirely a fresh issue, there is no Offer for Sale (OFS) by existing shareholders.

Utilisation of IPO Proceeds

The company intends to utilise Rs 10 crore from the net proceeds towards the purchase of additional material handling equipment to strengthen its rental fleet. It will also use Rs 1.50 crore for repayment or prepayment of certain borrowings and Rs 3.25 crore to fund its long-term working capital requirements. The remaining proceeds will be utilised for general corporate purposes.
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Seemax Resources Financial Performance

For the nine months ended December 31, 2025, Seemax Resources reported revenue from operations of Rs 12.37 crore, while total income stood at Rs 12.43 crore. The company posted a profit after Tax of Rs 2.24 crore, reflecting profitable operations during the period.

Seemax Resources Business Overview

Seemax Resources Limited provides material handling equipment rental solutions and trades material handling equipment across industries including automotive, steel, cement, Logistics, Construction, aviation and Railways. Its rental business remains the key contributor to revenue, supported by a diversified customer base and an expanding equipment fleet.

Management Commentary

Commenting on the IPO, Amit Naldev Trivedi, Promoter and Managing Director, said the public issue marks an important milestone in the company's growth journey. He added that the proceeds will support fleet expansion, strengthen working capital and enable the company to capitalise on growing demand from sectors such as logistics, manufacturing, infrastructure and construction.

About Seemax Resources

Seemax Resources Ltd is a Gujarat-based provider of material handling equipment rental solutions and equipment trading services. The company focuses on delivering cost-effective and reliable material handling solutions to customers across multiple industrial sectors.

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Disclaimer: The article is for informational purposes only and not investment advice.