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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital Expenditure for Equipment
Purchasing additional material handling machinery to expand total fleet capacity.
Debt Repayment and Prepayment
Repaying or prepaying existing financial borrowings to minimize interest overhead.
Working Capital Requirements
Funding incremental long-term working capital needs to support ongoing business growth.
General Corporate Purposes
Meeting general administrative and corporate expenses.
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(₹ in Crore)
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Seemax Resources Limited is an Indian material handling equipment solutions provider based in Vadodara, Gujarat. Incorporated in February 2015, the organization offers rental, leasing, sales, maintenance, and operator assistance for a wide variety of industrial heavy machinery. Its operational fleet features hydra cranes, forklifts, reach trucks, stackers, battery-operated pallet trucks, and container handling equipment to support heavy industrial operations. The company serves clients across multiple key sectors including automotive manufacturing, steel production, cement processing, warehousing, third-party logistics, and infrastructure construction. Its core geographic focus is Gujarat and Western India, offering flexible short-term equipment hire as well as multi-year contract leasing backed by technical maintenance crews and skilled operators. As of December 2025, the firm managed an active fleet of 97 material handling units. Promoted by Mr. Amit Naldev Trivedi and Mrs. Seema Trivedi, the management team brings significant operational experience in equipment leasing and logistics support. Seemax Resources aims to scale its active machinery fleet, expand service reach across major industrial hubs, and optimize asset utilization to capture growing demand for outsourced material handling services.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 22 August 2026, 5:25 AM
Diversified Fleet of Equipment
Maintains an extensive portfolio of material handling machinery suitable for diverse industrial and logistics needs.
Long-Term Client Relationships
Sustains multi-year rental contracts and active client relationships across automotive, steel, and logistics sectors.
Integrated Maintenance & Operations
Delivers comprehensive on-site machinery maintenance along with qualified operators to optimize customer productivity.
Regional Business Concentration
A significant portion of operational revenue is derived from industrial client facilities located within Gujarat.
Capital Intensive Operations
Requires continuous capital deployment to acquire, upgrade, and maintain heavy material handling assets.
Working Capital Requirements
Demands substantial working capital to manage equipment maintenance schedules and customer credit terms.
Seemax Resources Limited
403, Mayfair Corporate Park, Behind DPS School, Kalali, Vadodara - 390012, Gujarat, India
View on Maps →Cameo Corporate Services Limited
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