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₹141 - 141
Seemax Resources Ltd
MiscellaneousIPOSME
₹141 - 141
Our business model is structured to serve a broad spectrum of industries, including automotive, steel, Glass, cement, textiles, engineering goods, warehousing and logistics, retail and e-commerce, ports and shipping, construction and infrastructure, as well as aviation and railways. Each of these sectors has distinct requirements for efficient material movement and handling, and we design our solutions to address their specific operational needs.
Lot1,000Min Invest₹2,82,000Face Value₹10Issue Size₹20 CrFresh Issue₹20 CrListing Price₹113CMP₹80
Timeline
30 Jun
Bidding opens
2 Jul
Bidding closes
3 Jul
Allotment
6 Jul
Refund & demat credit
7 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹20 Cr0.14 Cr shares
Fresh Issue₹20 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 5.26% · NII 49.62% · RETAIL 45.12%
Application Sizes
Retail₹2,82,0001-1 lots
sNII₹2,82,000from 2 lots
bNII₹11,28,000from 8 lots
Managers & Registrar
Lead ManagerWealth Mine Networks Limited
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.98%68.18%Public0.02%31.82%
Objects of the Issue
- Funding Capital Expenditure towards Purchase of Material Handling Equipment
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions
- Funding the Long-term working capital requirements of the Company
- General Corporate Purpose
Anchor Book
30-day lock-in01-Aug-202690-day lock-in30-Sep-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 11 | 11 | 14 | 14 |
| Operating ProfitCr | 2 | 4 | 5 | 4 |
| OPM% | 21.0 | 34.0 | 34.3 | 25.6 |
| PBTCr | 1 | 2 | 3 | 2 |
| PATCr | 1 | 1 | 2 | 2 |
| EPS | 3 | 5 | 8 | 6 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 3 | 3 |
| ReservesCr | 2 | 3 | 3 | 4 |
| BorrowingsCr | 8 | 11 | 10 | 12 |
| Fixed AssetsCr | - | - | - | 12 |
| Total AssetsCr | 11 | 17 | 18 | 23 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 2 | 4 | 4 | 2 |
| Investing Cash FlowCr | -1 | -4 | -3 | -4 |
| Financing Cash FlowCr | -1 | 2 | -3 | 1 |
| Net Cash FlowCr | 0 | 1 | -2 | -1 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Strengthen Our Presence and Expand into New Geographies.
- Maintain and Deepen Client Relationships.
- Invest in Fleet Expansion and Network Growth.
- Enhance Value-Added Services and Operational Efficiency.
- Develop a Skilled Workforce for Sustainable Growth.
Risks · as stated in the DRHP
- 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.
- 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.
- 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.
- 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.
- 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.
- Non-Compliance with Section 185 of the Companies Act, 2013 Relating to Loan to a Related Party.