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
- ₹1,491.91 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.
- ₹500 lakhs will be utilised for repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- 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
- 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.
- 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.
- 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?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the TechDefence Labs IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- 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:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- 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
- Email Address: ipo@bigshareonline.com
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 |
|---|---|---|---|
| Revenue from Operations (₹ lakhs) | 3,936.94 | 8,333.84 | 7,408.48 |
| EBITDA (₹ lakhs) | 688.48 | 1,214.09 | 846.20 |
| EBITDA Margin (%) | 17.49 | 14.57 | 11.42 |
| PAT Margin (%) | 5.54 | 5.17 | 4.73 |
| ROCE (%) | 9.80 | 22.68 | 23.50 |
Know before investing
Strengths
8Established in 2006 with 18+ years of industry experience.
Diverse product portfolio serving 7+ key sectors, including Railways and Infrastructure.
Exports to 6+ countries including Saudi Arabia, Nepal, and Poland.
Certified with ISO 9001, ISO 14001, ISO 45001, and CE.
In-house NABL-accredited lab ensures strict quality control and testing.
Strong client base including Indian Railways and government infrastructure bodies.
Advanced manufacturing facility with 9,993 sq. mtrs. in Telangana.
Consistent domestic sales with 87%+ revenue from Indian markets (FY24).
Risks
8Revenue heavily dependent on few customers, no long-term commitments, risk of loss.
Raw material prices fluctuate; 64%-80% cost affects profitability significantly.
Top 10 suppliers account for 72%-84% of raw material purchases.
Strict quality requirements; defects may cause order cancellations and reputation loss.
New product line lacks manufacturing experience; demand and quality uncertain.
Machinery orders pending; delays may increase costs and postpone operations.
Major revenue from Telangana; regional risks impact operations and revenue stability.
Legal proceedings ongoing; adverse rulings could harm finances and reputation.
