Seemax Resources IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 11.38 | 11.41 | 14.46 | 12.43 |
| Expense | 10.34 | 9.33 | 11.43 | 9.51 |
| Profit (PAT) | 0.79 | 1.43 | 2.24 | 2.24 |
| Total Assets | 11.34 | 16.66 | 18.46 | 24.50 |
Promoters: Mr. Amit Naldev Trivedi and Mrs. Seema Trivedi
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 30,00,000 | 99.99% |
| Promoter Holding Post Issue | 44,00,000 | 68.18% |
Strengths & Risks
- Strongly subscribed — 3.5x overall (so far).
- Strong institutional (QIB) demand — 17.2x.
- Revenue grew 27% in the latest reported year.
- Solid profit margin — 15.5%.
- Strong return on equity — 49%.
- Elevated leverage — debt/equity of 1.69.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Seemax Resources, founded in 2015, is one of the leading Rental solutions and MHE (Material Handling Equipment) providers. The firm basically gives various MHE, like forklifts, cranes, and pallet trucks, on rent along with trained operators and maintenance services. 82 MHE units support its rental vertical business. The firm also trades MHE products sourced from top global manufacturers. Seemax Resources products cater to a wide range of industries, including automotive, steel, glass, cement, textiles, logistics, retail, ports, construction, aviation, and railways. The company also custom designs products as per the company’s requirements in order to meet the unique needs of various industries. Its major strengths are experienced promoters and senior management, and a skilled, dedicated workforce.
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure towards Purchase of Material Handling Equipment | 9.00 |
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions | 1.00 |
| Funding the Long-term working capital requirements of our Company | 3.25 |
| General Corporate Purpose | - |
Resources & Documents
Seemax Resources Ltd., 403, Mayfair Corporate Park,, Behind DPS School, Kalali,, Vadodara, Gujarat, 390012
Seemax Resources has set a price band of Rs 134–Rs 141 per share for an issue size of Rs 20 crore. The stock listed with a 20.00% discount versus its issue price on July 07, 2026.
Seemax Resources, founded in 2015, is one of the leading Rental solutions and MHE (Material Handling Equipment) providers. The firm basically gives various MHE, like forklifts, cranes, and pallet trucks, on rent along with trained operators and maintenance services.
The issue is promoted by Mr. Amit Naldev Trivedi and Mrs. Seema Trivedi with Wealth Mine Networks Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding Capital Expenditure towards Purchase of Material Handling Equipment (Rs 9 crore) and Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financi… (Rs 1 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 3.48x, retail at 1.52x, QIB at 17.19x, NII at 3.79x.
On fundamentals, the company is posting revenue growth of 26.7%, a profit margin of 15.5%, return on equity of 48.7% in its most recent reported period. Listed peers in this segment include Sanghvi Movers Ltd (P/E 18.90x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Seemax Resources IPO GMP — What It Means
The latest grey market premium for Seemax Resources IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Seemax Resources it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Seemax Resources GMP history and trend, or learn how grey market premium works and how reliable it is.
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