Seemax Resources ₹19.74 crore IPO Opens Today; Day 1 Subscription Stands At 0.33x In Early Bidding
Authored By HDFC SKY | Published at: Jun 30, 2026 11:58 AM IST
Seemax Resources IPO opened for subscription on June 30, with the ₹19.74 crore SME issue witnessing a slow start on Day 1. The IPO was subscribed 0.33 times in early trade, driven mainly by NII investors.
Mumbai, June 30: The Seemax Resources IPO opened today for public subscription, kicking off bidding for the company’s ₹19.74 crore book-built SME issue. Initial demand remained modest during the opening hours, with the non-institutional investor (NII) category leading subscriptions.
As per exchange data available till 11:09 AM on June 30, the IPO was subscribed 0.33 times overall. The NII portion was booked 0.65 times, while the retail investor category saw 0.03 times subscription. The QIB (Ex-Anchor) segment had not received any bids at the time of the update. The issue will remain open for subscription until July 2.
Seemax Resources IPO Day 1 Subscription Status
| Category | Subscription |
| Overall | 0.33x |
| NII | 0.65x |
| bNII | 0.51x |
| sNII | 0.93x |
| Retail (Individual Investors) | 0.03x |
| QIB (Ex-Anchor) | 0.00x |
Seemax Resources IPO Details
Seemax Resources is launching a book-built SME IPO comprising a fresh issue of 14 lakh equity shares aggregating ₹19.74 crore.
- Issue Size: ₹19.74 crore
- Price Band: ₹134 to ₹141 per share
- Lot Size: 1,000 shares
- Issue Type: Fresh Issue
- Listing Exchange: BSE SME
Minimum Investment
The minimum application size is:
- Retail: 2,000 shares worth ₹2,82,000
- HNI: 3,000 shares worth ₹4,23,000
Important IPO Dates
- IPO Opens: June 30, 2026
- IPO Closes: July 2, 2026
- Expected Allotment: July 3, 2026
- Refunds / Mandate Release: July 6, 2026
- Shares Credited to Demat: July 6, 2026
- Tentative Listing: July 7, 2026
About Seemax Resources
Founded in 2015, Seemax Resources Limited supplies material handling equipment including forklifts, cranes, stackers, pallet trucks and warehouse machinery. The company serves industries such as automotive, steel, cement, warehousing, logistics, ports, aviation and infrastructure, while also offering equipment rental, maintenance and servicing solutions.
Investor Outlook
The IPO has begun with a measured response on its opening day, with bidding largely supported by the NII category while retail participation remains limited so far. Subscription levels are expected to change as more investors place bids over the remaining two days, making the final day of the issue particularly important for gauging overall demand.
Source:
- https://www.bseindia.com/downloads/ipo/RHP&GID_Seemax_290620261331.zip
Disclaimer
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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