Seemax Resources IPO
Seemax Resources LtdSME
This IPO has listed.
- Open date
- 30 Jun 2026
- Close date
- 2 Jul 2026
- Min. Investment
- ₹2,82,000
- Lot Size
- -
- Fresh Issue
- ₹19.74 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers17.19x
- Non-Institutional Investors3.79x
- Retail-Individual Investors1.52x
- Total3.48x
Schedule
- Completed: IPO open date30 Jun 2026
- Completed: IPO close date2 Jul 2026
- Completed: Allotment date3 Jul 2026
- Completed: Funds unblock or debit6 Jul 2026
- Completed: Tentative listing date7 Jul 2026
About
Promoter shareholding in Seemax Resources Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Amit Naldev Trivedi | 14,99,975 | 49.99% | 14,99,975 | 34.09% |
| Seema Trivedi | 14,99,975 | 49.99% | 14,99,975 | 34.09% |
| Trivedi Jhanvi Amit | 10 | 0.00% | 10 | 0.00% |
| Rajvi Trivedi | 10 | 0.00% | 10 | 0.00% |
| Bhatt Urviben Kashyap | 10 | 0.00% | 10 | 0.00% |
| Swetaben V Parikh | 10 | 0.00% | 10 | 0.00% |
Seemax Resources IPO Strengths & Risks
- Comprehensive Rental Solutions with Value-Added Services.
- Skilled and Dedicated Workforce.
- Quality Assurance of Our Services.
- Experienced Promoters and Senior Management with Technical Expertise
- Authorised Dealership Network.
- Risks Relating to the Business: The Company's borrowings is secured by a charge over its assets, and the company significant dependence on external debt (secured and unsecured) financing exposes its to risks that may materially and adversely affect the company business operations, financial condition, cash flows, and credit worthiness.
- Risks Relating to the Business: The company business relies significantly on revenue from the rental of Material Handling Equipment, and any negative developments in this segment could has a material impact on its financial performance, operations, and cash flows.
- Risks Relating to the Business: A significant portion of the company revenue is derived from a limited number of clients. Loss of one or more such key clients or a reduction in demand from them could affect its business, financial condition, cash flows, and results of operations.
- Risks Relating to the Business: Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- Risks Relating to the Business: The company revenues is highly dependent on its operations in geographical region of state of Gujarat. Any adverse development affecting the company operations in this region could has an adverse impact on its business, financial condition and results of operations.
- Risks Relating to the Business: Non-Compliance with Section 185 of the Companies Act, 2013 Relating to Loan to a Related Party.
- Risks Relating to the Business: The company relies on third-party supplier for the procurement of Material Handling Equipment (MHE). Any disruption in the supply chain or failures by such suppliers to fulfil their obligations may adversely impact its ability to meet client requirements and affect the company revenues.
- Risks Relating to the Business: The company success is dependent on its ability to attract, retain, and effectively manage a skilled workforce, and any attrition or failures to retain key employees could adversely affect the company operations, financial performance, and business continuity.
- Risks Relating to the Business: The company Registered and Workshop is not owned by its. In the event that the company lose such rights or are required to renegotiate arrangements for such rights, its business results of operations, profitability and margins, cash flows and financial condition could be adversely affected.
- Risks Relating to the Business: Rapid technological advancements in Material Handling Equipment may render the company existing fleet obsolete, requiring significant capital investment and impacting its competitiveness.
- Risks Relating to the Business: There are outstanding legal matters involving the Company, Promoters, Directors and SMP & KMP. Any adverse decisions could divert management time and attention and has an adverse effect on its business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company may not be able to protect its trademark "SEEMAX" and from infringement.
- Risks Relating to the Business: The company has not commissioned an industry report for the disclosures made in the section titled `Industry Overview'. These disclosures are based on publicly available data from the internet, which has not been independently verified by the company.
- Risks Relating to the Business: The company is dependent on its promoters and senior management and other key personnel, and the loss of, or the company inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future, which may potentially involve conflicts of interest.
- Risks Relating to the Business: The company has taken guarantees from Promoters/Directors in relation to debt facilities provided to the company.
- Risks Relating to the Business: Any inability to meet client commitments related to the timely delivery, quality, or performance of MHE may result in client claims, reputational damage, and financial losses, which could adversely affect the company business and results of operations.
- Risks Relating to the Business: None of the company directors has prior experience serving as directors in any other listed company in India.
- Risks Relating to the Business: The Company requires significant amounts of working capital for continued growth. Its inability to meet the company working capital requirements may has an adverse effect on its results of operations.
- Risks Relating to the Business: The company could be harmed by employee or contractor/operator misconduct, negligence, fraud or errors which may be difficult to prevent or detect-and any such incidents could materially and adversely affect its reputation, business operations, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company may be subject to unionization, strikes, work stoppage or increased labour costs, which could adversely affect its business and results of operations.
- Risks Relating to the Business: The company indebtedness, including various conditions and restrictive covenants imposed on its under the company financing agreements and could adversely affect its ability to grow the company business or react to changes in its business environment.
- Risks Relating to the Business: The company insurance coverage may not be sufficient or may not adequately protect its against any or all hazards, which may adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.
- Risks Relating to the Business: The company requires certain approvals and licenses in the ordinary course of business and is required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain, and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may affect the company operations.
- Risks Relating to the Business: The company Promoters and the Promoter Group will jointly continue to retain majority shareholding in its Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: Some of the company Directors (including its Promoters) and Key Management Personnel & Senior Management are interested in the Company to the extent of their shareholding and dividend entitlement in its Company, in addition to normal remuneration, other benefits and reimbursement of expenses.
- Risks Relating to the Business: The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements. The company is yet to place orders 100% of the capital expenditure, as specified in the Objects of the Issue chapter. Any delay in procurement of such capital expenditure may delay the schedule of implementation and may also lead to increase in cost of these capital expenditure, further affecting the company revenue and profitability.
- Risks Relating to the Business: The schedule of the company estimated deployment of Net Proceeds is subject to inherent uncertainties.
- Risks Relating to the Business: The objects of the Issue has not been appraised by any bank or financial institution and its cannot assure you that the objects of the Issue will be achieved within the expected time frame, or at all, and any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: The company has not declared any dividends till Financial Year 2024-25 and Nine months period ended on December 31, 2025 and its cannot assure you that the company will be able to pay dividends on its Equity Shares in the future.
- Risks Relating to the Business: Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: A Portion of the Net Proceeds is Proposed to be Utilised for General Corporate Purposes, the Exact Deployment of Which is at the Discretion of the company Management.
- Risks Relating to the Business: There are restrictions on daily, weekly and monthly price movement of the equity shares, which may adversely affect the shareholder's ability to sell their shares at desired price at a particular point in time.
- Risks Relating to the Business: The company cannot assure you that its equity shares will be listed on the SME platform of BSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
- Risks Relating to the Business: The requirements of being a public listed company may strain the company resources and impose additional obligations.
- Risks Relating to the Business: Pursuant to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measure (ASM) and Graded Surveillance Measures (GSM) by the Stock Exchanges in order to enhance market integrity and safeguard the interest of investors.
- Risks Relating to the Business: After this Issue, the price of the Equity Shares may be subject to change, or an active trading market for the Equity Shares may not develop.
- Risks Relating to the Business: QIBs and Non-Institutional Investors is not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid, and Individual investor who applies for minimum application size is not permitted to withdraw their Bids after Bid/Issue Closing Date.
- Risks Relating to the Business: There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
- Risks Relating to the Business: The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
