Seemax Resources IPO 2026: Price Band, Dates, Lot Size

Seemax Resources files to open its SME IPO

Seemax Resources Limited, a Gujarat-based company engaged in material handling equipment (MHE) rental solutions and trading of material handling equipment, has announced the opening of its Initial Public Offering (IPO). The issue is slated to open for subscription on Tuesday, June 30, 2026, and close on Thursday, July 2, 2026. The company has proposed to list on the BSE SME platform, with a tentative listing date of July 7, 2026. The IPO is a book-built issue and is entirely a fresh issue, as stated in the details provided. For investors tracking the SME primary market calendar, the key dates are tightly packed, with allotment expected soon after the close.

Offer structure: fresh issue of 14 lakh shares

The IPO comprises a fresh issue of 14,00,000 equity shares of face value ₹10 each through the book-building process. The total issue size is stated as up to ₹19.74 crore. Multiple lines in the provided material reiterate the same fund-raise amount and share count, describing it as a fresh issue aggregating up to ₹19.74 crore. Separately, one table in the supplied information mentions an “Issue Size” aggregating up to ₹18.76 crore while also listing the “Fresh Issue” as ₹19.74 crore. The company’s announced IPO size is ₹19.74 crore, along with the 14 lakh share fresh issue figure.

Price band and how book-building will work

The price band has been fixed at ₹134 to ₹141 per equity share. Since this is a book-built issue, the final issue price will be determined through the bidding process within the given band. Market trackers in the provided text consistently repeat the same band of ₹134.00 to ₹141.00 per share. The face value of each equity share is ₹10.

Lot size, bidding lots, and minimum investment

The lot size for the application is stated as 1,000 equity shares. Applications can be submitted in multiples of the prescribed lot size. Based on the upper end of the price band (₹141), the minimum investment for a retail investor is calculated on 2,000 shares (2 lots), amounting to ₹2,82,000. For the non-institutional investor category, the minimum lot size for sHNI is 3 lots (3,000 shares), amounting to ₹4,23,000. The provided details also specify bHNI at 8,000 shares, amounting to ₹11,28,000 at the upper price.

Some tables included in the supplied material also mention “lot size 2,000” in a few places, even while also stating the bid lot as 1,000 shares and retail minimum as 2,000 shares. The operational bidding detail repeated across the text is: bid lot of 1,000 shares, with retail minimum application of 2,000 shares.

Category-wise reservation and market maker portion

The company has earmarked shares across investor categories as follows:

• Qualified Institutional Buyers (QIB): 70,000 shares (5.26%)
• Non-Institutional Investors (NII): 6.60 lakh shares (49.62%)
• Retail Investors: 6 lakh shares (45.11%)

In addition, 70,000 shares have been reserved for the market maker. These figures set out the broad allocation framework for the issue across categories, as presented in the provided data.

Key dates investors are tracking

The schedule shared in the article text lists the following milestones. The basis of allotment is expected to be finalised on July 3, 2026. Refund initiation and credit of shares to demat accounts are both expected on July 6, 2026. The tentative listing on BSE SME is July 7, 2026.

Lead manager and registrar to the issue

Wealth Mine Networks Pvt. Ltd. is the Book Running Lead Manager to the issue, according to the provided details. Cameo Corporate Services Ltd. has been named as the registrar. These intermediaries will handle the issue management and the post-issue processes such as allotment and credit of shares, as per the issue schedule.

IPO snapshot table

Reservation table

Market impact: what the terms mean for investors

With a price band of ₹134 to ₹141 and a 1,000-share lot size, the ticket size for bidding is materially higher than many mainboard IPOs. The retail minimum application of 2,000 shares, translating to ₹2,82,000 at the upper price, positions this as a higher-capital SME application for individuals. The category thresholds for sHNI (₹4,23,000 for 3,000 shares) and bHNI (₹11,28,000 for 8,000 shares) further clarify how the bid sizes scale under the defined lot structure.

The issue timeline is also compressed: the IPO closes on July 2, allotment is expected by July 3, and both refunds and demat credit are expected by July 6, followed by listing on July 7. For investors, this sequence typically means less time between bidding and listing, though outcomes still depend on allotment and completion of the stated steps.

Why the offer details matter: a practical reading

The offering being entirely a fresh issue means the funds raised (up to ₹19.74 crore) are being mobilised through issuance of new equity shares. The listing on BSE SME indicates that the shares will trade on the SME platform, which generally has different liquidity characteristics compared with mainboard listings. The reservation data shows that the NII portion forms the largest allocation by shares, followed by retail, with a comparatively smaller QIB allocation as stated in the document.

The presence of a market maker reservation is also explicitly mentioned in the provided text, and it is a standard feature in many SME issues. Investors commonly track the exact lot size and minimum application requirements in SME IPOs because those determine the minimum capital outlay for participation.

Conclusion

Seemax Resources’ ₹19.74 crore SME IPO opens on June 30, 2026, in a ₹134-₹141 price band and is scheduled to close on July 2, with allotment expected on July 3 and a tentative BSE SME listing date of July 7, 2026. The issue is a book-built fresh issue of 14 lakh shares, with a 1,000-share lot size and a retail minimum application of 2,000 shares. The next confirmed milestones on the calendar are refund initiation and demat credit on July 6, ahead of the proposed listing on July 7.