Seemax Resources IPO Day 2: Subscription Rises To 3.09x Ahead Of July 2 Closing

Mumbai, July 1:Seemax Resources IPO was subscribed 3.09 times by 10:59 AM on July 1, 2026 (Day 2). The book-built SME issue, which opened for bidding on June 30, 2026, will remain available for subscription until July 2, 2026.

The second day of bidding saw the issue continue to attract strong institutional and non-institutional demand. While qualified institutional buyers (excluding anchor investors) remained heavily subscribed, retail participation also improved compared with the opening day, although it was yet to reach full subscription.

The ₹19.74 crore IPO is entirely a fresh issue of 14 lakh equity shares. The company has fixed the price band at ₹134 to ₹141 per share, with investors required to bid in lots of 1,000 shares.

Seemax Resources IPO Subscription Status Day 2

• Overall Subscription: 3.09x
• QIB (Ex-Anchor): 17.19x
• NII Subscription: 3.82x
• bNII: 3.44x
• sNII: 4.57x
• Retail Subscription: 0.64x
• Market Maker: 1.00x
• Total Applications: 732

The subscription pattern continued to be dominated by institutional investors, with the QIB portion remaining the standout performer. The NII category also witnessed healthy demand, particularly from the sNII segment, while retail investors continued to add bids during the second day.

Day-wise Subscription Trend

• Day 1: Overall 3.03x | QIB 17.19x | NII 3.87x | Retail 0.46x
• Day 2 (10:59 AM): Overall 3.09x | QIB 17.19x | NII 3.82x | Retail 0.64x

Compared with Day 1, the overall subscription edged higher as retail participation strengthened. QIB demand remained unchanged at elevated levels, while NII bidding stayed comfortably above the fully subscribed mark.

IPO Details

• Issue Size: ₹19.74 crore
• Fresh Issue: 14 lakh equity shares
• Offer for Sale: Nil
• Price Band: ₹134 to ₹141 per share
• Lot Size: 1,000 shares
• Minimum Retail Investment: ₹2,82,000 (2,000 shares)
• Listing Exchange: BSE SME

Important Dates

• IPO Opening Date: June 30 2026
• IPO Closing Date: July 2 2026
• Tentative Allotment: July 3 2026
• Refund Initiation: July 6 2026
• Shares Credited To Demat Accounts: July 6 2026
• Tentative Listing Date: July 7 2026

About Seemax Resources

Seemax Resources Limited is tapping the primary market through a book-built SME issue. The proceeds from the fresh issue are intended to support the company’s business requirements and future growth initiatives.

Conclusion

Seemax Resources IPO has maintained strong subscription momentum on Day 2, backed by exceptional QIB participation and healthy demand from non-institutional investors. With one more day of bidding remaining before the issue closes on July 2, 2026, market participants will watch whether retail subscription gathers further pace.

Source:

• https://www.bseindia.com/downloads/ipo/RHP&GID_Seemax_290620261331.zip