Seemax Resources IPO Subscribed 3.61 Times on Day 3

Seemax Resources Limited's initial public offering (IPO) closed its three-day subscription window at 3.61 times overall subscription by 4:59 PM on Day 3 (July 2, 2026). The ₹19.74 crore book-build issue, priced at ₹134 to ₹141 per share, received bids for 48,06,000 shares against 13,30,000 shares on offer, with total applications reaching 1,024.

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Subscription Status of Seemax Resources IPO

Here are the subscription details for Seemax Resources IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription reached 3.61 times, improving from Day 2's 3.27 times, with steady incremental gains across all categories through the three-day subscription period.
• Non-institutional investors improved to 4.08 times from Day 2's 3.91 times, with sNII at 5.01 times and bNII at 3.62 times.
• Individual investors improved to 1.51 times from Day 2's 0.93 times, crossing full subscription on the final day.
• Qualified institutional buyers (ex-anchor) maintained a strong 17.19 times throughout all three days, unchanged from Day 1.

Key Highlights – Day 2

• Overall subscription reached 3.27 times, improving from Day 1's 3.03 times.
• Non-institutional investors improved marginally to 3.91 times from Day 1's 3.87 times, with sNII at 4.86 times and bNII at 3.44 times.
• Individual investors improved to 0.93 times from Day 1's 0.46 times.
• Qualified institutional buyers (ex-anchor) held steady at 17.19 times, unchanged from Day 1.
   

Key Highlights – Day 1

• Overall subscription crossed full subscription at 3.03 times on Day 1 (June 30, 2026), driven by strong QIB and NII demand for this material handling equipment solutions SME IPO.
• Qualified institutional buyers (ex-anchor) showed exceptional opening participation at 17.19 times on Day 1.
• Non-institutional investors crossed full subscription at 3.87 times, with sNII at 4.40 times and bNII at 3.60 times on Day 1.
• Individual investors showed subdued participation at 0.46 times on Day 1.

About Seemax Resources Limited

Incorporated in February 2015, Seemax Resources Limited provides material handling equipment solutions through trading, rental, leasing, maintenance, and servicing of forklifts, cranes, stackers, reach trucks, pallet trucks, and other industrial machinery. The company serves automotive, steel, glass, cement, textiles, warehousing, logistics, ports, construction, aviation, and railways sectors.