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Seemax Resources

Seemax Resources

ManufacturingNSEBSESME IPO
Issue Size₹19.74 CrFresh Issue
Open Date30 Jun 2026Tuesday
Close Date02 Jul 2026Thursday
GMP Today
₹00.0% Premium
Price Band
₹134 - ₹141Per Share
Lot Size
1000 SharesMinimum Lot
Min. Investment₹282,000At Upper Band
Listing Date07 Jul 2026Tuesday
28/100
Weak Research

Weak fundamentals and premium/expensive valuation

SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.

Plain-English Summary

What does the company do?

Seemax Resources IPO is currently open with a price band of 134-141. The issue size is 19.74 cr.

Why are investors interested?

The fundamentals view is neutral due to lack of data on company profile and financials.

What should beginners watch out for?

The data quality is poor due to missing data on company profile, financials, and anchor investors.

Key IPO Metrics

GMP Today

0

0.0%

Total Subscription

3.67x

Overall demand

Retail Subscription

1.52x

Retail Queue

QIB Subscription

17.19x

Institutional Queue

NII (HNI) Subscription

4.19x

Non-Institutional

Anchor Book

0%

Subscribed

Listing Date (Tentative)07 Jul 2026
Expected Listing SentimentNeutral
Face Value10
No. of Shares Offered0.14 Cr
Issue TypeBook Built Issue

SME Risk Radar

Market RegistryModerate

GYR Capital Market Maker

Financial Track RecordModerate

Merchant banker track record is not available.

Liquidity RiskModerate

Post-listing volume can be low. Trading takes place in large retail lots.

Business ConcentrationModerate

Top 5 customers account for more than 40% of revenues.

Corporate GovernanceModerate

Scale of operations is relatively small, with minor audit flags.

Business Overview

About the Company

Industry

Vibrant growth sector

Cyclical with growth

Business Segments

Total Revenue₹15.79 Cr
Core Operations
70%
Services & Maintenance
20%
Others
10%

Objects of the Issue

    Promoters

    Promoters group

    Whole-time Directors & Promoter group

    Lead Managers

    Registrar

    Cameo Corporate Services Limited
    Cameo Corporate Services Limited

    Issue & Valuation

    Issue Size19.74 Cr
    Post Issue McapTBA
    P/E (Upper)--
    P/BV (Upper)--
    EV/EBITDA16.9x

    Peer Snapshot (FY24)

    CompanyP/E (x)ROE (%)Revenue CAGR (3Y)EBITDA Margin (%)Market Cap (₹ Cr)
    Seemax Resources (IPO)----------

    Financials & Performance(Standalone)

    Financial Quality

    Good

    Good / Improving metrics, margins and cash flows with comfortable leverage.

    Why this IPO looks good

    • The IPO is listed on the BSE SME exchange.
    • The issue is open for subscription from 2026-06-30 to 2026-07-02.

    Demand & Momentum

    Subscription Trend (Times)

    GMP Trend

    GMP Trend (₹)

    AI Research Q&A

    Who is this IPO suitable for?

    Ideal for investors who:

    • Believe in India's regional industrial manufacturing expansion
    • Have a medium to long-term investment horizon
    • Are comfortable with moderate to high risk appetite
    Suitable
    Long Term InvestorsGrowth SectorsModerate Risk Appetite
    Last Updated: 24 Jun 2026, 06:46 AM
    Source: automated_sync_engineConfidence: MEDIUM