Ameenji Rubber IPO Details

Bookbuilding IPO | ₹30 Cr | Listed at BSE SME | Fri, Sep 26, 2025 - Tue, Sep 30, 2025

Ameenji Rubber IPO Logo

Ameenji Rubber IPO is a book build issue of ₹30.00 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹30.00 crore.

Ameenji Rubber IPO bidding started from Sep 26, 2025 and ended on Sep 30, 2025. The allotment for Ameenji Rubber IPO was finalized on Oct 1, 2025. The shares got listed on BSE SME on Oct 6, 2025.

Ameenji Rubber IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,60,000.

Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..

Refer to Ameenji Rubber IPO RHP for detailed Information.

IPO Open

Fri, Sep 26, 2025

IPO Close

Tue, Sep 30, 2025

Issue Price

₹100 per share

Market Cap (Pre-IPO)

₹112.80 Cr

IPO Details

IPO Date26 to 30 Sep, 2025
Listed onMon, Oct 6, 2025
Face Value10 per share
Price Band₹95 to ₹100
Issue Price₹100 per share
Lot Size1,200 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size30,00,000 shares
(agg. up to ₹30 Cr)
Reserved for Market Maker
1,53,600 shares
(agg. up to ₹2 Cr)
Hem Finlease Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
28,46,400 shares
(agg. up to ₹28 Cr)
Net Offered to Public28,46,400 shares
(agg. up to ₹28 Cr)
Share Holding Pre Issue82,80,000 shares
Share Holding Post Issue1,12,80,000 shares
BSE Script Code 544555
ISININE14QA01016

IPO Timetable

Issue Reservation

Ameenji Rubber IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,46,400 shares, after excluding 1,53,600 shares allotted on a firm basis. Of the Net offer 14,20,800 (49.92%) are allocated to QIB, 4,27,200 (15.01%) allocated to NII 9,98,400 (35.08%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 14,20,80049.92%47.36%
  − Anchor Investor Shares Offered 8,52,00028.40%
  − QIB (Ex. Anchor) Shares Offered 5,68,80018.96%
NII (HNI) Shares Offered 4,27,20015.01%14.24%
  − bNII > ₹10L 2,84,4009.48%
  − sNII < ₹10L 1,42,8004.76%
Retail Shares Offered 9,98,40035.08%33.28%
Firm Reservations
Market Maker Shares Offered 1,53,6005.12%
Total Shares Offered 30,00,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 2,400 ₹2,40,000
Individual investors (Retail) (Max) 2 2,400 ₹2,40,000
S-HNI (Min) 3 3,600 ₹3,60,000
S-HNI (Max) 8 9,600 ₹9,60,000
B-HNI (Min) 9 10,800 ₹10,80,000
IPO Subscription Details

IPO Anchor Investors

Ameenji Rubber IPO raises ₹8.52 crore from anchor investors. Ameenji Rubber IPO Anchor bid date is September 25, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateThu, Sep 25, 2025
Shares Offered8,52,000
Anchor Portion (₹ Cr.)8.52
Anchor lock-in period end date for 50% shares (30 Days)Thu, Oct 30, 2025
Anchor lock-in period end date for remaining shares (90 Days)Mon, Dec 29, 2025

About Ameenji Rubber Ltd.

Incorporated in 2006, Ameenji Rubber Limited is engaged in the manufacturing and exporting of engaged in the manufacturing, supply, and export of rubber solutions for railways, infrastructure, and other commercial applications.

The company offers elastomeric bridge bearings, POT-PTFE bearings, strip seal expansion joints, and various industrial rubber products.

The company operates from a 40,000 sq. ft. facility in Nacharam, Hyderabad, with a production capacity of 10 to 14 tonnes per day.

Their products are approved by the Ministry of Road Transport and Highways (MoRTH) and registered with the Research Designs and Standards Organisation (RDSO) under the Ministry of Railways.

The company serves industries like Railways, Infrastructure, Construction, Oil & Gas, Energy, Fitness, and Dairy Farm, providing innovative solutions to Indian Railways and private organizations.

Product Portfolio:
  • Elastomeric Bridge Bearings:Designed to accommodate thermal expansion and horizontal rotation, enhancing structural integrity and extending bridge lifespan.
  • POT-PTFE Bearings:Provide efficient load transfer and rotational movement in bridge structures.
  • Industrial Rubber Sheets:Available in neoprene, EPDM, nitrile, and butyl rubber, suitable for various industrial applications
  • Bridge Expansion Joints:Ensure smooth transition between bridge segments, accommodating movements due to thermal effects and traffic loads.

As of June 30, 2025, the company has 54 employees on its payroll.

Competitive Strengths:

  • Strong portfolio and diverse range of rubber product
  • Existing client relationship
  • Diversified revenue from multiple geographies
  • Quality Assurance through NABL-Accredited Laboratory
  • Strong Regulatory Approvals and Industry Accreditation
  • Strong Manufacturing Capabilities
 

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

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for new product Line-Conveyor Belting Unit. 16.69
2 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company 5.95
3 General Corporate Purpose 3.44

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE44.23%
ROCE23.43%
Debt/Equity2.07
RoNW36.22%
PAT Margin8.54%
EBITDA Margin19.76%
Price to Book Value3.73
Pre IPOPost IPO
EPS (₹)9.707.12
P/E (x)10.3114.04
Promoter Holding92.24%67.72%
Market Cap112.80 Cr.
Mufaddal Najmuddin Deesawala, Sakina Mufaddal Deesawala, Fatema Mufaddal Deesawala and Zahra Mufaddal Deesawala are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
ARL is engaged in the manufacturing, supply, export of rubber-based products, primarily catering to railways, infra projects and other commercial applications. It posted steady growth in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term.
Read detail review...

Ameenji Rubber IPO Recommendations

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Ameenji Rubber IPO Subscription Status (Bidding Detail)

The Ameenji Rubber IPO is subscribed 2.21 times on September 30, 2025 5:04:43 PM (Day 3). The public issue subscribed 1.08 times in the individual investors category, 3.79 times in the QIB category, and 2.74 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for Total Application
QIB (Ex Anchor)3.795,68,80021,57,6000
NII* 2.744,27,20011,70,0000
    bNII (bids above ₹10L)3.582,84,40010,18,800
    sNII (bids below ₹10L)1.061,42,8001,51,200
Individual Investor1.089,98,40010,77,6000
Total2.2119,94,40044,05,200547

Total Application : 547

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees and commissions payable to the BRLM (including any underwriting commission, brokerage, and selling commission) 3.48
2 Fees Payable to Registrar to the Issue 0.01
3 Fees Payable for Advertising and Marketing Expenses 0.25
4 Payment for Printing & Stationery, Postage, etc. 0.03
5 Fees Payable to Legal Advisor to the issue 0.03
6 Fees Payable to Regulators including Stock Exchange and other Intermediaries 0.06
7 Fees Payable to Auditor 0.06

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price100.00
Open101.00
Low96.05
High106.05
Last Trade106.05

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Ameenji Rubber Ltd. Address
5-5-65/1/A,
F-14, S.A. Trade Centre First Floor,
Ranigunji, Secunderabad
Secunderabad, Telangana, 500003
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IPO FAQs

Ameenji Rubber IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.

The IPO opens on Fri, Sep 26, 2025, and closes on Tue, Sep 30, 2025.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Ameenji Rubber IPO using UPI as a payment gateway. Zerodha customers can apply in Ameenji Rubber IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Ameenji Rubber IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ameenji Rubber IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Ameenji Rubber IPO opens on Fri, Sep 26, 2025 and closes on Tue, Sep 30, 2025.

Ameenji Rubber IPO lot size is 1200, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.

You can apply in Ameenji Rubber IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Ameenji Rubber IPO will be done on Wednesday, October 1, 2025, and the allotted shares will be credited to your demat account by Fri, Oct 3, 2025. Check the Ameenji Rubber IPO allotment status.

The Ameenji Rubber IPO listing date is on Mon, Oct 6, 2025.

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