Seemax Resources IPO
Seemax Resources IPO Details
-
Open Date
30 Jun 2026
-
Close Date
02 Jul 2026
- IPO Price Range
₹ 134 to ₹141
- IPO Size
₹ 19.74 Cr
Seemax Resources IPO Timeline
Last Updated: 25 June 2026 3:12 PM by 5paisa
Seemax Resources Limited provides material handling equipment solutions through the trading, rental, leasing, maintenance, and servicing of forklifts, cranes, stackers, reach trucks, pallet trucks, container handling equipment, and other industrial machinery. The company serves a wide range of industries, including automotive, steel, glass, cement, textiles, engineering, warehousing & logistics, retail & e-commerce, ports & shipping, construction & infrastructure, aviation, and railways.
Seemax offers end-to-end solutions for material movement and warehouse operations, supporting customers in enhancing operational efficiency, productivity, and equipment utilization. Under the leadership of its promoters, Mr. Amit Naldev Trivedi and Mrs. Seema Trivedi, the company has expanded from its initial focus on the automotive sector to become a diversified provider of industrial solutions across multiple industries.
As of March 31, 2026, Seemax Resources Limited had a workforce of 179 employees, comprising engineers, technicians, operators, site supervisors, and administrative staff.
Established in: 2015
Managing Director: Amit Naldev Trivedi
Peers:
Sanghvi Movers Ltd
Seemax Resources Objectives
1. ₹10.00 crore towards funding capital expenditure for the purchase of material handling equipment.
2. ₹1.50 crore towards repayment or prepayment, in full or in part, of borrowings availed from banks and financial institutions.
3. ₹3.25 crore towards meeting the company's long-term working capital requirements.
4. Funds to be utilised for general corporate purposes.
Seemax Resources IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹19.74 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹0.14 Cr |
Seemax Resources IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,68,000 |
| Individual investors (IND) (Max) | 2 | 2,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,02,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,72,000 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 11.38 | 11.40 | 14.46 |
| EBITDA | 2.34 | 3.78 | 4.85 |
| PAT | 0.79 | 1.43 | 2.24 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 11.34 | 16.65 | 18.46 |
| Share Capital | 00.01 | 00.01 | 3.00 |
| Total Liabilities | 11.34 | 16.65 | 18.46 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 1.98 | 3.50 | 2.34 |
| Net Cash Generated From / (used in) Investing Activities | -1.06 | -4.36 | -1.59 |
| Net Cash Generated From / (used in) Financing Activities | -1.03 | 2.30 | -2.59 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.12 | 1.44 | - 1.84 |
Strengths
1. Established client relationships supported by regular customer engagement.
2. Diversified equipment fleet catering to varied customer requirements.
3. End-to-end rental solutions supported by maintenance and servicing capabilities.
4. Equipment deployment capabilities across multiple locations.
5. Focus on service delivery and customer satisfaction.
Weaknesses
1. Dependence on debt financing and borrowings for business operations and growth.
2. Revenue concentration in the Material Handling Equipment rental segment.
3. Significant reliance on a limited number of key clients for revenue generation.
4. Geographic concentration of operations and revenue in Gujarat.
5. Dependence on promoters, senior management, and key personnel for business continuity.
Opportunities
1. Expansion into new geographies and high-growth regions.
2. Increasing market penetration through the rental service model.
3. Network growth to serve a broader customer base.
4. Enhancement of value-added services, including maintenance and operator training.
5. Technology adoption and process improvements to improve operational efficiency.
Threats
1. Supply chain disruptions or dependence on third-party equipment suppliers.
2. Rapid technological changes that may require fleet upgrades and additional capital investment.
3. Outstanding legal proceedings involving the company and key stakeholders.
4. Challenges in attracting and retaining a skilled workforce.
5. Risks arising from operational failures, employee misconduct, negligence, or inability to meet client commitments.
1. Technology-enabled operating model with in-house systems for equipment monitoring and maintenance management.
2. Structured quality and preventive maintenance processes supporting operational reliability.
3. Customer-centric approach focused on tailored solutions and long-term client engagement.
4. Established sales and marketing framework backed by market research and opportunity identification.
5. Integrated operational, maintenance, and workforce management systems supporting service delivery efficiency.
Seemax Resources has built its operations around providing material handling equipment rental solutions supported by technology, service capabilities, and operational processes. The company integrates digital tools across equipment monitoring, maintenance management, and workforce administration, enabling greater visibility and coordination across its operations. Its emphasis on preventive maintenance, safety practices, and standardized operating procedures supports reliable equipment performance and service continuity. Seemax's client-focused approach is driven by regular customer interactions, assessment of operational requirements, and the delivery of customized equipment solutions. The company also undertakes market research and site evaluations to identify emerging opportunities and changing customer needs. By combining technology-enabled operations, structured quality measures, and ongoing client engagement, Seemax aims to strengthen customer relationships, support repeat business, and enhance operational efficiency as it pursues its growth objectives.
- Companies
- Type
- Opening On
-
Aastha Spintex
- Mainboard
- 29th Jun
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FAQs
Seemax Resources IPO opens on June 30, 2026 and closes on July 02, 2026.
The size of the Seemax Resources IPO is ₹19.74 Cr.
The price band of Seemax Resources IPO is fixed at ₹134 to ₹141 per share.
To apply for Seemax Resources IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Seemax Resources IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The bid lot of Seemax Resources IPO is 2,000 shares, requiring ₹2,82,000 at the upper price band.
The share allotment date of Seemax Resources IPO is July 03, 2026.
The Seemax Resources IPO will tentatively be listed on BSE SME on July 07, 2026.
Wealth Mine Networks Pvt.Ltd is the book running lead manager for Seemax Resources IPO.
Seemax Resources IPO plans to utilise the raised capital from the IPO for:
1. ₹10.00 crore towards capital expenditure for the acquisition of material handling equipment.
2. ₹1.50 crore towards repayment and/or prepayment of borrowings availed from banks and financial institutions.
3. ₹3.25 crore towards funding the company's long-term working capital requirements.
4. Balance amount towards general corporate purposes.