BSE List Price : ₹112.80

subscription

Category	Times
QIBs	17.19x
HNIs	4.19x
Retail	1.52x
Total : 3.67x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,000	₹282,000
Retail Maximum	2	2,000	₹282,000
S-HNI Minimum	3	3,000	₹423,000
S-HNI Maximum	7	7,000	₹987,000
B-HNI Minimum	8	8,000	₹1,128,000

About the Company

Seemax Resources Limited, incorporated in 2015, is engaged in the rental, sale, servicing, and spare parts supply of material handling equipment (MHE). It is an authorized dealer of Hyundai Construction Equipment India for Gujarat, offering forklifts and after-sales support. Backed by experienced promoters and a skilled workforce, the company delivers reliable, cost-effective MHE solutions to customers across diverse industries, with a strong focus on service quality, operational efficiency, and long-term customer relationships.
 

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹11.38	₹10.34	₹0.79	₹11.34
2024	₹11.41	₹9.33	₹1.43	₹16.66
2025	₹14.46	₹11.43	₹2.24	₹18.46
Dec 2025	₹12.43	₹9.51	₹2.24	₹24.50

Company Promoter

Mr. Amit Naldev Trivedi

Mrs. Seema Trivedi

Know before investing

• • Strengths

  Integrated Rental Services:** Offers equipment rental solutions supported by AMC-based maintenance, preventive servicing, technical assistance, and trained operators to maximize equipment availability and operational performance. Experienced Technical Team:** Supported by a skilled and qualified workforce with continuous emphasis on training, safety, and delivering superior customer service.
  Robust Quality & Safety Practices:** Follows established safety procedures, structured training programs, and quality control measures to ensure dependable operations, reduced downtime, and consistent service standards.
   

• • Risks

  Leverage Risk:** The company depends significantly on secured and unsecured borrowings to fund operations and growth. Any inability to meet repayment obligations or loan covenants could adversely affect liquidity and financial performance. Rental Business Concentration:** A major share of revenue is generated from MHE rental services. Reduced demand or operational disruptions in this segment could impact business growth and profitability. Supplier Reliance:** Dependence on third-party suppliers for MHE procurement exposes the company to supply delays, disruptions, or shortages that may affect customer service and revenue.
   

Objects of the Issue & Utilisation of proceeds

Funding Capital Expenditure for the Acquisition of Material Handling Equipment
Repayment and/or Full or Partial Prepayment of Borrowings from Banks and Financial Institutions
Meeting the Company's Long-Term Working Capital Requirements
General Corporate Purposes
 

Company  Address

Seemax Resources Ltd.
403, Mayfair Corporate Park,
Behind DPS School, Kalali,
Vadodara, Gujarat, 390012
Phone: +91-99040 89444
 

IPO Registrar

Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
 

IPO Review

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