New Delhi, July 3 -- Seemax Resources IPO share allotment is expected to be finalised on Friday, 3 July. The SME IPO opened on Tuesday, 30 June, and concluded on Thursday, 2 July, with an overall subscription of nearly 4 times.

Seemax Resources IPO was a fresh issue of 14,00,000 shares. With a price band of Rs.134 to Rs.141 per share, the issue aimed to raise Rs.19.74 crore, which it intends to use to meet capital expenditure requirements, to pay some borrowings, and for general corporate purposes.

Seemax Resources serves several industries, including automotive, steel, glass, cement, textiles, engineering goods, warehousing and logistics, retail and e-commerce, ports and shipping, construction and infrastructure, as well as aviation an...