Seemax Resources IPO
Market Sentiment
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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 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Sanghvi Movers Ltd | 15.22 | 18.90 | 11.79 | 129.12 | 587.65 Cr |
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
- 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.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. 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.
Seemax Resources Ltd., 403, Mayfair Corporate Park,, Behind DPS School, Kalali,, Vadodara, Gujarat, 390012
| 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 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).
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.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Seemax Resources IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
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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