Seemax Resources SME IPO
Seemax Resources IPO — date, price band, GMP & allotment 2026
Seemax Resources operates in the trading and distribution of industrial and commodity-related products. The company follows a business model focused on sourcing, procurement and supply chain management for various industries. By maintaining strong supplier relationships and efficient logistics, it caters to the requirements of diverse customers. The company primarily serves clients across India while continuously expanding its market reach.
Stock price
Seemax Resources is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 23 September.
- Open 30 Jun 2026
- Close 02 Jul 2026
- Allotment 03 Jul 2026
- Refund/credit 06 Jul 2026
- Listing 07 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Jun to 2 Jul, 2026 |
|---|---|
| Price Band | ₹134 – ₹141 |
| Face Value | ₹10 |
| Lot Size | 1000 Shares |
| Issue Size | ₹19.74 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 2,82,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1000 shares at the ₹141 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,000 | ₹2,82,000 |
| Retail (max) | 2 | 2,000 | ₹2,82,000 |
| HNI (min) | 3 | 3,000 | ₹4,23,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Established supplier and customer relationships.
- 02Diversified commodity trading operations.
- 03Asset-light trading business model.
- 04Ability to cater to multiple industries.
- 05Experienced promoters in trading activities.
Risks · 5
- 01Exposure to commodity price fluctuations.
- 02Dependence on supplier availability.
- 03Intense competition from larger traders.
- 04Regulatory changes affecting commodity markets.
- 05Credit risk from customers.
Three years of numbers
All figures in ₹ crore, as reported in the Seemax Resources offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 24.50 | 18.46 | 16.66 | 11.34 |
| Total Income | 12.43 | 14.46 | 11.41 | 11.38 |
| Profit After Tax | 2.24 | 2.24 | 1.43 | 0.79 |
| EBITDA | 3.51 | 4.85 | 3.78 | 2.34 |
| NET Worth | 7.96 | 5.72 | 3.48 | 2.05 |
| Reserves and Surplus | 4.96 | 2.72 | 3.47 | 2.04 |
| Total Borrowing | 13.13 | 9.68 | 10.94 | 7.58 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Seemax Resources RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Seemax Resources IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.80 |
| P/E Ratio (x) | 20.74 |
| Market Cap at Offer Price (₹ Cr) | ₹46.45 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹141 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹19.74 Cr of the issue is earmarked to named objects.
About the company
The company is involved in procurement, trading and distribution activities across multiple product categories. It follows a trading-focused business model that emphasises inventory management, sourcing efficiency and market reach. The promoters bring industry knowledge and business experience, helping the company maintain a stable position within the resource trading industry.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91-99040 89444
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Wealth Mine Networks Pvt.Ltd.
3 issues handledBest listing: Dhanwel Hybrid Seeds (0.0%). Weakest: Liotech Industries (-19.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Seemax Resources?
The current Grey Market Premium is ₹0.
What is the Seemax Resources IPO price band?
₹134 to ₹141, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 July 2026, with listing on 7 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
