Seemax Resources IPO share allotment in focus today: Latest GMP, 5 steps to check status online

Seemax Resources SME IPO share allotment is expected to be finalised today, 3 July. The issue, which opened on 30 June and closed on 2 July, was subscribed about 4 times overall. It was a fresh issue of 14 lakh shares at a price band of Rs 134 to Rs 141, aiming to raise Rs 19.74 crore for capital expenditure, repayment of borrowings, and general corporate purposes. The grey market premium was nil, suggesting the stock could list at par with the issue price of Rs 141.