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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹19.74 Cr |
| Reserved for Market Maker | ₹0.99 Cr |
| Net Issue Size | ₹19.74 Cr |
| Fresh Issue | ₹18.75 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹134.00-141.00 per share |
| BSE Code | 544813 |
| Registrar |
| Lead Managers | Wealth Mine Networks Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
Seemax Resources IPO comprises a total issue size of 14,00,000 shares. The net offer to the public is 13,30,000 shares, after excluding 70,000 shares allotted on a firm basis. Of the Net offer 70,000 (5.26%) are allocated to QIB, 6,60,000 (49.62%) allocated to NII 6,00,000 (45.11%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 70,000 | 5.26% | 5.00% |
| NII (HNI) Shares Offered | 6,60,000 | 49.62% | 47.14% |
| − bNII > ₹10L | 4,40,000 | 31.43% | |
| − sNII < ₹10L | 2,20,000 | 15.71% | |
| Retail Shares Offered | 6,00,000 | 45.11% | 42.86% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 5.00% | |
| Total Shares Offered | 14,00,000 | 100.00% | 100.00% |
Seemax Resources Limited, incorporated in 2015, operates in the material handling equipment (MHE) industry through two primary business segments: equipment rental services and MHE trading. The company provides a wide range of rental solutions, including forklifts, cranes, pallet trucks, and other material handling equipment, supported by trained operators and maintenance services to ensure smooth operations for its customers.
As of March 31, 2025, the company managed a fleet of 82 material handling equipment units under its rental business. In addition to rental services, Seemax Resources is engaged in the trading of material handling equipment sourced from reputed global manufacturers, enabling it to offer comprehensive solutions to its clients.
The company caters to a diverse customer base across multiple industries, including automotive, steel, glass, cement, textiles, logistics, retail, ports, construction, aviation, and railways. By understanding the unique operational requirements of each sector, the company delivers customized material handling solutions aimed at enhancing efficiency, safety, and productivity.
During Fiscal 2025, the rental business remained the company's primary revenue driver, contributing approximately 94.71% of total revenue, while the MHE trading segment accounted for the remaining 5.29%.
Key Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards Purchase of Material Handling Equipment | 10.00 |
| 2 | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions | 1.50 |
| 3 | Funding the long-term working capital requirements of the Company | 3.25 |
| 4 | General Corporate Purposes | |
| Total | 14.75 |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 24.50 | 18.46 | 16.66 | 11.34 |
| Total Income | 12.43 | 14.46 | 11.41 | 11.38 |
| Profit After Tax | 2.24 | 2.24 | 1.43 | 0.79 |
| EBITDA | 3.51 | 4.85 | 3.78 | 2.34 |
| NET Worth | 7.96 | 5.72 | 3.48 | 2.05 |
| Reserves and Surplus | 4.96 | 2.72 | 3.47 | 2.04 |
| Total Borrowing | 13.13 | 9.68 | 10.94 | 7.58 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 32.80% | 48.65% |
| ROCE | 31.72% | 43.09% |
| Debt / Equity | 1.65% | 1.69% |
| RoNW | 28.18% | 39.13% |
| PAT Margin | 19.52% | 15.52% |
| EBITDA Margin | 30.55% | 33.63% |
| Price to Book Value | 5.31 | 7.40 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.46 | 6.80 |
| P/E (x) | 18.91 | 20.74 |
| Promoter Holding | 99.98% | 68.18% |
| Market Cap | ₹62.04 Cr. | |
