Seemax Resources IPO Day 3: Subscription Reaches 3.34x As Investor Interest Builds on Final Day

Mumbai, July 2:The Seemax Resources IPO entered its final day of subscription on Thursday, with investor participation remaining healthy across categories. As of 10:54 AM, the ₹19.74 crore BSE SME issue had been subscribed 3.34 times, supported by strong demand from qualified institutional buyers (QIBs), non-institutional investors (NIIs) and improving participation from retail investors.

The book has continued to gather bids over the three-day subscription window. Institutional demand remained exceptionally strong, while the retail portion moved above the fully subscribed mark during the morning session, indicating broader investor participation as bidding progressed.

Seemax Resources IPO is entirely a fresh issue of 14 lakh equity shares aggregating ₹19.74 crore. The IPO is priced in the ₹134 to ₹141 per share band, with the issue price fixed at ₹141 per share.

Seemax Resources IPO Subscription Status Day 3 (As Of 10:54 AM)

According to the latest exchange data, the IPO has received the following subscriptions:

• Overall:3.34x
• Retail Investors:1.08x
• NII:3.92x
• bNII:3.44x
• sNII:4.88x
• QIB (Ex-Anchor):17.19x
• Total Applications:886

Qualified institutional buyers continued to dominate the subscription book, while the NII category remained comfortably oversubscribed. Retail participation also improved steadily on the final day, crossing the one-time subscription mark during the morning session.

Day-Wise Subscription Trend

Investor demand has strengthened gradually during the subscription period.

The QIB book has remained heavily subscribed throughout the issue period, while retail demand has shown consistent improvement each day. The NII category has also maintained strong momentum with subscription remaining close to four times.

IPO Details

• Issue Size: ₹19.74 crore
• Fresh Issue: 14,00,000 equity shares
• Offer For Sale: Nil
• Price Band: ₹134 to ₹141 per share
• Issue Price: ₹141 per share
• Lot Size: 1,000 shares
• Minimum Retail Investment: ₹2,82,000 (2,000 shares)
• Listing Exchange: BSE SME

Key Dates

• IPO Opens: June 30, 2026
• IPO Closes: July 2, 2026
• Tentative Allotment: July 3, 2026
• Refund Initiation: July 6, 2026
• Shares Credited To Demat Accounts: July 6, 2026
• Tentative Listing: July 7, 2026

About Seemax Resources

Seemax Resources Limited provides material handling equipment solutions through trading, leasing, maintenance and servicing. Its portfolio includes forklifts, cranes, stackers, reach trucks, pallet trucks and other industrial equipment, catering to sectors such as manufacturing, warehousing, logistics, construction, infrastructure and engineering.

Conclusion

With the Seemax Resources IPO in its final day of bidding, investor participation remains robust across major categories. The issue has been subscribed 3.34 times so far, led by strong institutional demand and steady interest from NII and retail investors. The final subscription figures will be available after the bidding process concludes, while the basis of allotment is scheduled for July 3, followed by the proposed BSE SME listing on July 7.

Source:

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