Seemax Resources Ltd. Receives the BSE SME Approval for IPO
Seemax Resources Ltd. has successfully obtained in-principle approval from Initial Public Offer (IPO) for its Draft Red Herring Prospectus (DRHP), paving the way for its Initial Public Offering (ipo).
consists solely of fresh issue of 0.14 crore equity shares worth ₹19.74 crores. with each share carrying a face value of ₹10.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards Purchase of Material Handling Equipment | 10.00 |
| 2 | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions | 1.50 |
| 3 | Funding the long-term working capital requirements of the Company | 3.25 |
| 4 | General Corporate Purposes | |
| Total | 14.75 |
The company officially filed its draft papers on September 30, 2025, marking another significant milestone in its journey towards raising funds through the IPO.
Financial Performance Highlights:
Seemax Resources Ltd.’s total income grew by 26%, reached ₹14.46 crore in Mar 31, 2025, compared to ₹11.41 crore in Mar 31, 2024.
For the same period, profit after tax jumped 56% to ₹2.24 crore, compared to ₹1.43 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹12.43 crore and PAT stood at ₹2.24 crore.
