Seemax Resources Ipo
Seemax Resources IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Wealth Mine Networks Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹134 to ₹141 Per Share |
| Issue Size | Approx ₹20 Crores |
| Fresh Issue | Approx ₹20 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,82,000 |
| Retail Maximum | 2 | 2,000 | ₹2,82,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,23,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,87,000 |
| B-HNI Minimum | 8 | 8,000 | ₹11,28,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 70,000 Shares | 5.00% |
| NII Shares Offered | 6,60,000 Shares | 47.14% |
| Retail Shares Offered | 6,00,000 Shares | 42.86% |
| IPO Open Date: | June 30, 2026 |
| IPO Close Date: | July 2, 2026 |
| Basis of Allotment: | July 3, 2026 |
| Refunds: | July 6, 2026 |
| Credit to Demat Account: | July 6, 2026 |
| IPO Listing Date: | July 7, 2026 |
| IPO Bidding Cut-off Time: | July 2, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 30,00,000 | 99.99% |
| Promoter Holding Post Issue | 44,00,000 | 68.18% |
| Purpose | Crores |
| Funding Capital Expenditure towards Purchase of Material Handling Equipment | ₹9.00 |
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions | ₹1.00 |
| Funding the Long-term working capital requirements of our Company | ₹3.25 |
| General Corporate Purpose |
| 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 |
| KPI | Values |
| ROE: | 48.65% |
| ROCE: | 43.09% |
| EBITDA Margin: | 33.63% |
| PAT Margin: | 15.52% |
| Debt to equity ratio: | 1.69 |
| Earning Per Share (EPS): | ₹7.46 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 39.13% |
| Net Asset Value (NAV): | ₹19.06 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Sanghvi Movers Ltd | 15.22 | 18.90 | 11.79% | 129.12 | 587.65 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |