Ameenji Rubber IPO vs Ganga Bath Fittings IPO

Comparison between Ameenji Rubber IPO and Ganga Bath Fittings IPO.

IPO Details

Ameenji Rubber IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ganga Bath Fittings IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Ameenji Rubber IPO is up to ₹28.46 Cr whereas the issue size of the Ganga Bath Fittings IPO is up to ₹31.00 Cr. The final issue price of Ameenji Rubber IPO is ₹100.00 per share and of Ganga Bath Fittings IPO is ₹49.00 per share.

 Ameenji Rubber IPOGanga Bath Fittings IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹46.00 per share
Issue Price (Upper)₹100.00 per share₹49.00 per share
Issue Price (Final)₹100.00 per share₹49.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1200 shares3000 shares
Fresh Issue Size28,46,400 shares63,27,000 shares
Fresh Issue Size (Amount)up to ₹28.46 Crup to ₹31.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total28,46,400 shares63,27,000 shares
Issue Size Total (Amount)up to ₹28.46 Crup to ₹31.00 Cr

IPO Timetable

Ameenji Rubber IPO opens on Sep 26, 2025, while Ganga Bath Fittings IPO opens on Jun 04, 2025. The closing date of Ameenji Rubber IPO and Ganga Bath Fittings IPO is Sep 30, 2025, and Jun 06, 2025, respectively.

 Ameenji Rubber IPOGanga Bath Fittings IPO
Anchor Bid DateSep 25, 2025
Issue OpenSep 26, 2025Jun 04, 2025
Issue CloseSep 30, 2025Jun 06, 2025
Basis Of Allotment (Tentative)Oct 01, 2025Jun 09, 2025
Initiation of Refunds (Tentative)Oct 03, 2025Jun 10, 2025
Credit of Share (Tentative)Oct 03, 2025Jun 10, 2025
Listing date (Tentative)Oct 06, 2025Jun 11, 2025
Anchor Lockin End date 1Oct 30, 2025
Anchor Lockin End date 2Dec 29, 2025

Financials & KPIs

Ameenji Rubber IPO P/E ratio is 10.31, as compared to Ganga Bath Fittings IPO P/E ratio of 30.74.

 Ameenji Rubber IPOGanga Bath Fittings IPO
Financials

Company Financials (Restated Standalone)

Ameenji Rubber Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 87% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets102.8376.2055.18
Total Income94.4384.2474.21
Profit After Tax8.034.313.50
EBITDA18.598.4612.14
NET Worth22.1814.159.84
Reserves and Surplus13.905.877.54
Total Borrowing45.9034.9521.50
Amount in ₹ Crore

Company Financials (Proforma Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets43.6733.7432.0329.87
Total Income32.3132.0130.6822.34
Profit After Tax4.532.480.310.21
NET Worth22.1211.059.517.36
Reserves and Surplus15.5411.059.517.36
Total Borrowing10.7313.7012.2913.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.2498.81
Promoter Shareholding (Post-Issue)67.7269.16
P/E Ratio10.3130.74
Market Cap₹112.80 Cr.₹108.82 Cr.
ROE44.2315.07
ROCE23.4329.80
Debt/Equity2.070.87
EPS₹9.70₹1.59
RoNW36.2215.07

Shares Offered

In the Ameenji Rubber IPO Retail Individual Investors (RII) are offered 9,98,400 shares while in Ganga Bath Fittings IPO retail investors are offered 9,98,400 shares. Qualified Institutional Buyers (QIB) are offered 5,68,800 shares in Ameenji Rubber IPO and 69,000 shares in Ganga Bath Fittings IPO.

 Ameenji Rubber IPOGanga Bath Fittings IPO
Anchor Investor Reservation8,52,000 shares
Market Maker Reservation1,53,600 shares3,36,000 shares
QIB5,68,800 shares69,000 shares
NII4,27,200 shares31,29,000 shares
RII9,98,400 shares31,29,000 shares
Employee0 shares
Others
Total28,46,400 shares63,27,000 shares

Bids Received (Subscription)

Ameenji Rubber IPO subscribed 2.21x in total, whereas Ganga Bath Fittings IPO subscribed 1.64x.

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