Seemax Resources SME IPO Details 2026
All About Seemax Resources IPO:

The Seemax Resources IPO size is ₹19.74 crore, including a fresh issue of ₹19.74 crore and an offer for sale of ₹– crore. It is a Book Build issue. The IPO issue opens on June 30, 2026 and closes on July 2, 2026. The share allotment is expected on July 3, 2026, and the listing date is July 7, 2026. Seemax Resources Ltd. is based in Vadodara and operates in the Infrastructure sector. It filed its DRHP on September 30, 2025 and will list its shares on BSE SME. Cameo Corporate Services Ltd. is the registrar, while Wealth Mine Networks Pvt.Ltd. serves as the merchant banker for the offer.
IPO Highlights
IPO Reservation and Lot Size
The company has reserved shares for various investor categories. The Retail Shares reservation is –% (– shares), and QIB has –% (–). Further, the minimum lot size is 1,000 shares. The anchor investor reservation is –% (– shares), and the market maker reservation is –% (–).
IPO Issue Structure
QIB | – |
| Anchor Investor | – |
| QIB (Ex. Anchor) | – |
NII (HNI) | – |
| bNII > ₹10L | – |
| sNII < ₹10L | – |
Retail | – |
Market Maker | 70,000 |
Total | 14,00,000 |
On September 30, 2025 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.
IPO GMP
The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.
Financial Performance (₹ in Cr)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Income | 14.46 | 11.41 | 11.38 |
| Profit After Tax | 2.24 | 1 | 0.79 |
| EBITDA | 4.85 | 3.78 | 2.34 |
| Net Worth | 5.72 | 3 | 2.05 |
| Assets | 18.46 | 17 | 11.34 |
| Total Debt | 9.68 | 11 | 7.58 |
Key Performance Indicator
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| EBITDA Margin (%) | 33.59 | 33 | 20.66 |
| PAT Margin (%) | 15.48 | 13 | 7 |
| EPS (₹) | 7.46 | 4.75 | 2.64 |
| ROE (%) | 39.05 | 40.8 | 38.54 |
| ROCE (%) | 43.09 | 39 | 28.98 |
| ROA (%) | 12.08 | 8.53 | 6.97 |
| Debt to Equity (x) | 1.66 | 3 | 3.7 |
To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus.
Seemax ResourcesSME IPO Review
You must look at the financial position of the company before deciding on the investments. You can read our full review article here.
Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.
IPO Financial Snapshot
Seemax Resources Company Details
Seemax Resources Ltd. started its business in 2015. The company operates in the Infrastructure sector. The team provides Rental Solutions and MHE Trading to clients across multiple industries. Its main office is in Vadodara.
Main Offerings:
Key Strength:
Company Address: 403, Mayfair Corporate Park, Behind DPS School, Kalali, Vadodara, Gujarat, 390012
You can contact the company via call or email.
+91-99040 89444 | info@seemaxresources.com
Intermediaries & Key Contacts
Frequently Asked Questions
This public issue is a small and medium enterprise initial offering worth up to 19.74 crore. The entire issue contains a fresh issue of 14,00,000 equity units to raise corporate capital.
The initial subscription window opens for application entries on June 30, 2026. Interested market buyers must submit their formal digital forms before the final portal closes on July 2, 2026.
The basic transaction lot size for general application forms is set at exactly 1,000 corporate shares. Retail application entries must purchase a minimum size of 2 lots together for 2,82,000 rupees.
Investors can apply online through the net banking applications using standard blocked funds payment methods. Market traders can also send bids via individual registered stock brokerage accounts with linked mobile payment system tracking handles.
The appointed corporate registrar will announce the definitive selection basis of stock distribution on July 3, 2026. The exchange operators will initiate public trading listings on the designated exchange platform on July 7, 2026.


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