IPO Details

Bidding Dates

26 Sep '25 - 30 Sep '25

Minimum Investment

₹2,40,000/2 Lot (2,400 Shares)

Price Range

₹95 to ₹100 per share

Maximum Investment

₹2,40,000/2 Lot (2,400 Shares)

Retail Discount

To be announced

Issue Size

₹30.00 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyer (QIB)  |  

About Ameenji Rubber Ltd. IPO

Ameenji Rubber is launching a book-built IPO to raise ₹30 crore through a fresh issue of 0.30 crore shares. The IPO opens for subscription on September 26, 2025, and closes on September 30, 2025. The allotment process is expected to be completed by October 1, 2025. Following allotment, the shares will be listed on the BSE SME platform, with a tentative listing date set for October 6, 2025.

The IPO price band is fixed between ₹95 and ₹100 per share. Investors can apply for shares in lots of 1,200 shares each. Retail investors must invest a minimum of 2 lots (2,400 shares), which amounts to ₹2,40,000 at the upper price band of ₹100 per share. High net worth individuals (HNIs) must apply for a minimum of 3 lots (3,600 shares), which totals ₹3,60,000 at the upper price band.

This IPO provides an opportunity to invest in Ameenji Rubber, a company entering the capital market with fresh equity to fund its growth initiatives. The issue details and timeline are clearly structured to guide investors through the subscription and listing process.

Ameenji Rubber Ltd. IPO Objectives 

  1. ₹1,491.91 lakhs will be used for capital expenditure towards modernising existing machinery and procuring new machinery for the Conveyor Belting Unit, which is a new product line.
  2. ₹500 lakhs will be utilised for repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
  3. The remaining amount will be used for general corporate purposes, which may include working capital and other business-related expenses.

About Ameenji Rubber Ltd.

Ameenji Rubber Limited, established in 2006, specialises in manufacturing, supplying, and exporting rubber solutions for railways, infrastructure, and commercial applications. The company offers a wide range of products, including Elastomeric Bridge Bearings, Expansion Joints, UIC Rubber Vestibules, and other commercial rubber products.

These products are extensively used in railway coaches, sleepers, crossings, bridges, flyovers, roads, highways, and various commercial sectors. Ameenji Rubber serves diverse industries such as Railways, Infrastructure, Construction, Oil & Gas, Energy, Fitness, and Dairy Farming, catering to Indian Railways and many private organizations.

The company holds source approvals from the Ministry of Road Transport and Highways. It also supplies to projects under the Dedicated Freight Corridor Corporation of India (DFCC). Since 2020, Ameenji Rubber has expanded internationally, supplying to Saudi Arabia, with CE compliance enhancing its global presence.

Industry Outlook

  1. India’s manufacturing industry is expected to reach US$ 1 trillion by 2025-26, supported by critical segments like the machine tool industry. This growth creates strong demand for specialised rubber components used in machinery and infrastructure, benefiting companies like Ameenji Rubber.
  2. With India projected to account for 40% of global rail activity by 2050 and initiatives like upgrading 40,000 rail bogies to ‘Vande Bharat’ standards by 2024-25, there is a rising demand for high-quality rubber products used in railways, directly supporting Ameenji Rubber’s core market. 
  3. The Indian logistics market is set to grow from US$ 317 billion in 2024 to over US$ 484 billion by 2029, with road logistics growing steadily. This expansion drives infrastructure development, requiring products such as expansion joints and bearings that Ameenji Rubber manufactures, indicating strong industry prospects. 

How To Apply for the Ameenji Rubber Ltd. IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the TechDefence Labs IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Ameenji Rubber Ltd. IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Ameenji Rubber Ltd. IPO

Registered office: 5-5-65/1/A, F-14, S.A. Trade Centre First Floor, Ranigunji, Secunderabad, Secunderabad, Telangana, 500003

Phone: +91-040-40044006 

E-mail: info@ameenji.com

Ameenji Rubber Ltd. IPO Reservation

Investor Category

Shares Offered

QIB

Not more than 50% of the Net Issue

RII

Not less than 35% of the Net Issue

NII

Not less than 15% of the Net Issue

Ameenji Rubber Ltd. IPO Lot Size Details

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 (Small High Net-worth Individual) (Min)

3

3,600

₹3,60,000

S-HNI (Max)

8

9,600

₹9,60,000

B-HNI (Big High Net-worth Individual) (Min)

9

10,800

₹10,80,000

Ameenji Rubber Ltd. IPO Promoter Holding

The promoters of the company are Mufaddal Najmuddin Deesawala, Sakina Mufaddal Deesawala, Fatema Mufaddal Deesawala, and Zahra Mufaddal Deesawala.

Particulars

Percentage

Promoter Holding (Pre-Issue)

92.24

Promoter Holding (Post-Issue)

67.71

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue. 

Key Performance Indicators for Ameenji Rubber Ltd.

Metric (as of Sep 30, 2024)

Value

Revenue from Operations (₹ in lakhs)

3,936.94

EBITDA (₹ in lakhs)

688.48

Profit After Tax (₹ in lakhs)

218.27

Return on Equity (ROE) (%)

14.32%

Net Worth (₹ in lakhs)

1,633.10

Ameenji Rubber Ltd. IPO Prospectus

Ameenji Rubber Ltd. IPO Registrar and Lead Managers

Ameenji Rubber Ltd. IPO Lead Managers

  • Hem Securities Ltd.

Registrar for Ameenji Rubber Ltd.

Bigshare Services Pvt.Ltd.

  • Contact Number: +91-22-6263 8200

Ameenji Rubber Ltd. IPO Registrar website- https://ipo.bigshareonline.com/IPO_Status.html

Financial Performance of Ameenji Rubber Ltd.

Metrics As at Sep 30, 2024 FY Ended Mar 31, 2024 FY Ended Mar 31, 2023 FY Ended Mar 31, 2022
Revenue from Operations (₹ lakhs) 3,936.94 8,333.84 7,408.48 8,550.77
EBITDA (₹ lakhs) 688.48 1,214.09 846.20 589.64
EBITDA Margin (%) 17.49 14.57 11.42 6.90
PAT Margin (%) 5.54 5.17 4.73 1.31
ROCE (%) 9.80 22.68 23.50 20.02

Know before investing

Strengths

5

  1. Established in 2006 with 18+ years of industry experience.

  2. Diverse product portfolio serving 7+ key sectors, including Railways and Infrastructure.

  3. Exports to 6+ countries including Saudi Arabia, Nepal, and Poland.

  4. Certified with ISO 9001, ISO 14001, ISO 45001, and CE.

  5. In-house NABL-accredited lab ensures strict quality control and testing.

Risks

5

  1. Revenue heavily dependent on few customers, no long-term commitments, risk of loss.

  2. Raw material prices fluctuate; 64%-80% cost affects profitability significantly.

  3. Top 10 suppliers account for 72%-84% of raw material purchases.

  4. Strict quality requirements; defects may cause order cancellations and reputation loss.

  5. New product line lacks manufacturing experience; demand and quality uncertain.

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Ameenji Rubber Ltd. IPO FAQs

What is the Ameenji Rubber Ltd. IPO?

Ameenji Rubber Ltd. is launching an IPO through a book-building process, issuing shares to raise ₹30.00 crores. 

What is the issue size of the Ameenji Rubber Ltd. IPO?

The IPO aims to raise ₹30.00 crores through a fresh issue of shares. 

What are the open and close dates of the Ameenji Rubber Ltd. IPO?

The IPO opens on September 26, 2025, and closes on September 30, 2025. 

When will the Ameenji Rubber Ltd. IPO allotment happen?

The basis of allotment is expected to be Wed, Oct 1, 2025. 

What is the minimum lot size for retail investors?

The lot size is fixed at 1,200 shares. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of approximately ₹2,40,000 at the upper price band of ₹100 per share. 

When will the IPO be listed?

The IPO is expected to be listed on Mon, Oct 6, 2025.

What would be the listing gains on the Ameenji Rubber Ltd. IPO?

Listing gains cannot be ascertained before the IPO is listed on the stock exchange. 

When will I know if my Ameenji Rubber Ltd. IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Ameenji Rubber Ltd. IPO?

The registrar details will be announced by the company (typically available in the IPO prospectus). 

Where is the Ameenji Rubber Ltd. IPO getting listed?

The IPO is proposed to be listed on the BSE SME exchange.