Seemax Resources Lists at ₹112.80 on BSE SME, 20% Below IPO Price in SME Platform

Seemax Resources Makes Muted Debut in Indian Stock Market

Seemax Resources, a material handling equipment solutions provider, made its debut in the Indian stock market on July 7, with a listing price of ₹112.80 per share on the BSE SME. This represents a discount of 20% from the initial public offering (IPO) price of ₹141. The listing has underperformed Street expectations, as indicated by the grey market premium (GMP), which stood at ₹0 per share, suggesting a likely listing price of ₹141, the same as the offer price.