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Ameenji Rubber IPO
Ameenji Rubber Limited has launched its IPO to raise ₹30 crore through a fresh issue of 30 lakh equity shares. The Ameenji Rubber IPO will open on September 26, 2025, and close on September 30, 2025. The price band for the shares is set at ₹95–100. Investors can bid for a minimum of 1,200 shares and in multiples thereof. At the upper price band, retail investors need to invest at least ₹1,20,000.
The IPO allotment is expected on October 1, 2025, with refunds initiated and shares credited to investors’ accounts by October 3, 2025. The listing is scheduled on the BSE SME platform on October 6, 2025. The proceeds from the issue will be used for business expansion, purchase of new machinery, and debt repayment.
Company Background
Established in 2006 and headquartered in Telangana, Ameenji Rubber Limited is a leading manufacturer and exporter of rubber-based products catering to the railway, infrastructure, and commercial sectors. The company’s product range includes elastomeric bridge bearings, POT-PTFE bearings, spherical bearings, expansion joints, concrete moulds, and rubber sheets, along with commercial-grade items such as gym mats and cow mats.
Ameenji Rubber serves customers across India, including major government projects with Indian Railways, and exports to international markets such as Saudi Arabia, Tanzania, Malawi, Nepal, and Poland. To expand its global footprint, the company has also established a U.S.-based subsidiary, Ameenji Rubber Inc., in North Carolina.
The company operates a 40,000 sq. ft. facility equipped with modern machinery and an in-house NABL-accredited testing lab. It holds multiple certifications, including ISO 9001:2015 (quality management), ISO 14001:2015 (environment management), and ISO 45001:2018 (occupational health and safety). Ameenji Rubber is an authorized supplier to key government organizations such as the Research Designs & Standards Organisation (RDSO), the Ministry of Road Transport and Highways (MORTH), and the Dedicated Freight Corridor Corporation of India (DFCC).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Ameenji Rubber IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Ameenji Rubber IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2025 to September 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹30.00 Cr) |
| Reserved for Market Maker | 1,53,600 shares (aggregating up to ₹1.54 Cr) Hem Finlease Pvt.Ltd. |
| Net Offered to Public | 28,46,400 shares (aggregating up to ₹28.46 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 82,80,000 shares |
| Share Holding Post Issue | 1,12,80,000 shares |
Ameenji Rubber IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Sep 26, 2025 |
| IPO Close Date | Tue, Sep 30, 2025 |
| Tentative Allotment | Wed, Oct 1, 2025 |
| Initiation of Refunds | Fri, Oct 3, 2025 |
| Credit of Shares to Demat | Fri, Oct 3, 2025 |
| Tentative Listing Date | Mon, Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2025 |
Ameenji Rubber IPO Lot Size
| 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 |
Ameenji Rubber IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 92.24% |
| Promoter Holding Post Issue | 67.72% |
Competitive Strength:
- • Offers a diverse portfolio of over 15 rubber products catering to railways, infrastructure, industrial and commercial applications, reducing dependence on a single sector.
- • Holds approved vendor status with major government organizations, including Indian Railways, ensuring steady and recurring orders.
- • Possesses a modern manufacturing facility equipped with advanced machinery and an NABL-accredited testing lab, maintaining high product quality and timely deliveries.
Ameenji Rubber IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 102.83 | 94.43 | 8.03 | 22.18 | - | 45.9 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 76 | 84 | 4 | 14 | - | 34.95 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 55.18 | 74.21 | 3.5 | 9.84 | - | 21.5 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 44.23% |
| ROCE | 23.43% |
| Debt/Equity | 2.07 |
| RoNW | 36.22% |
| PAT Margin | 8.54% |
| EBITDA Margin | 19.76% |
| Price to Book Value | 3.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.7 | 7 |
| P/E (x) | 10.31 | 14 |
Conclusion
The Ameenji Rubber IPO provides investors with an opportunity to invest in a well-established company in the specialized rubber products sector, backed by strong government relationships and growing international reach. Its diversified product portfolio, global certifications, and advanced manufacturing facilities strengthen its growth outlook. With India’s increasing infrastructure and railway investments, Ameenji Rubber is strategically positioned to benefit from these sectors’ expansion, making the IPO a compelling option for investors seeking exposure to industrial and infrastructure-linked growth stories.
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