Comparison between Ameenji Rubber IPO and Shipwaves Online IPO.
Ameenji Rubber IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.
| Ameenji Rubber IPO | Shipwaves Online IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Anant Securities |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ameenji Rubber IPO is up to ₹28.46 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Ameenji Rubber IPO is ₹100.00 per share and of Shipwaves Online IPO is ₹12.00 per share.
| Ameenji Rubber IPO | Shipwaves Online IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹95.00 per share | |
| Issue Price (Upper) | ₹100.00 per share | |
| Issue Price (Final) | ₹100.00 per share | ₹12.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 10000 shares |
| Fresh Issue Size | 28,46,400 shares | 4,46,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹28.46 Cr | up to ₹53.53 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 28,46,400 shares | 4,46,10,000 shares |
| Issue Size Total (Amount) | up to ₹28.46 Cr | up to ₹53.53 Cr |
Ameenji Rubber IPO opens on Sep 26, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Ameenji Rubber IPO and Shipwaves Online IPO is Sep 30, 2025, and Dec 12, 2025, respectively.
| Ameenji Rubber IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2025 | |
| Issue Open | Sep 26, 2025 | Dec 10, 2025 |
| Issue Close | Sep 30, 2025 | Dec 12, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Dec 15, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Dec 16, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | Dec 16, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | Dec 17, 2025 |
| Anchor Lockin End date 1 | Oct 30, 2025 | |
| Anchor Lockin End date 2 | Dec 29, 2025 |
Ameenji Rubber IPO P/E ratio is 10.31, as compared to Shipwaves Online IPO P/E ratio of 9.3.
| Ameenji Rubber IPO | Shipwaves Online IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated Consolidated)Shipwaves Online Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 92.24 | 99.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.72 | 66.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.31 | 9.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹112.80 Cr. | ₹169.79 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 44.23 | 50.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.43 | 25.79 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.07 | 1.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.70 | ₹1.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 36.22 | 41.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ameenji Rubber IPO Retail Individual Investors (RII) are offered 9,98,400 shares while in Shipwaves Online IPO retail investors are offered 9,98,400 shares. Qualified Institutional Buyers (QIB) are offered 5,68,800 shares in Ameenji Rubber IPO and 0 shares in Shipwaves Online IPO.
| Ameenji Rubber IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,52,000 shares | 0 shares |
| Market Maker Reservation | 1,53,600 shares | 23,50,000 shares |
| QIB | 5,68,800 shares | 0 shares |
| NII | 4,27,200 shares | 2,23,00,000 shares |
| RII | 9,98,400 shares | 2,23,10,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 28,46,400 shares | 4,46,10,000 shares |
Ameenji Rubber IPO subscribed 2.21x in total, whereas Shipwaves Online IPO subscribed 1.64x.
| Ameenji Rubber IPO | Shipwaves Online IPO | |
|---|---|---|
| QIB (times) | 3.79x | |
| NII (times) | 2.74x | 0.36x |
| Big NII (times) | 3.58x | |
| Small NII (times) | 1.06x | |
| RII (times) | 1.08x | 2.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.21x | 1.64x |
