Seemax Resources ₹19.74 Crore IPO Opens Tomorrow; Here's Everything Investors Should Know

Mumbai, June 29: Another SME public issue is set to hit the primary market this week as Seemax Resources Ltd. prepares to open its ₹19.74 crore IPO for subscription on June 30. The book-built issue will remain available for bidding until July 2, after which the company will move ahead with the allotment process and its proposed BSE SME listing.

The Seemax Resources IPO is entirely a fresh issue, meaning the money raised will go directly to the company. Existing shareholders are not selling any stake through this public offer.

With the subscription window opening tomorrow, here’s a closer look at the issue.

Issue Details

Seemax Resources plans to raise ₹19.74 crore through a fresh issue of 14 lakh equity shares.

The IPO is being offered in a price band of ₹134 to ₹141 per share, with the final issue price to be determined through the book-building process.

The equity shares are proposed to be listed on the BSE SME platform.

Price Band and Investment Requirement

Investors can bid in lots of 1,000 shares.

Based on the upper end of the price band, the minimum investment works out to:

• Retail: 2,000 shares (2 lots) worth ₹2,82,000
• sHNI: 3,000 shares worth ₹4,23,000
• bHNI: 8,000 shares worth ₹11,28,000

Applications can be submitted in multiples of the prescribed lot size.

Reservation Breakdown

The company has earmarked shares across investor categories as follows:

• Qualified Institutional Buyers (QIB): 70,000 shares (5.26%) 
• Non-Institutional Investors (NII): 6.60 lakh shares (49.62%) 
• Retail Investors: 6 lakh shares (45.11%) 

In addition, 70,000 shares have been reserved for the market maker.

Important Dates

Here’s the schedule investors should keep in mind:

• IPO opens: June 30, 2026 
• IPO closes: July 2, 2026 
• Expected allotment: July 3, 2026 
• Refund initiation: July 6, 2026 
• Shares credited to demat accounts: July 6, 2026 
• Tentative listing on BSE SME: July 7, 2026 

About Seemax Resources

Founded in 2015, Seemax Resources provides material handling equipment and industrial logistics solutions. Its business includes the trading, leasing, servicing and maintenance of equipment such as forklifts, cranes, stackers, reach trucks, pallet trucks and other warehouse handling machinery.

Over the years, the company has expanded beyond the automotive sector and now caters to customers across industries including manufacturing, engineering, warehousing, logistics, construction, ports, aviation and railways. Besides supplying equipment, it also offers maintenance and operational support aimed at improving warehouse efficiency and productivity.

What Investors Should Watch

With subscriptions set to begin on June 30, the market will closely track how the issue is received across retail, HNI and institutional categories during the three-day bidding window. Subscription figures released each day will provide an early indication of investor sentiment before the IPO closes on July 2.

After the bidding concludes, attention will shift to the allotment process, followed by the company’s proposed BSE SME listing on July 7.

Source:

• https://seemaxresources.com/img/ipo/RHP-Seemax-with-binder.pdf