Ameenji Rubber was incorporated on September 20, 2006. The company manufactures, supplies, and exports rubber solutions for railways, infrastructure, and commercial use. Its products, including bridge bearings, expansion joints, railway pads, mats, and rubber sheets, serve industries such as railways, construction, oil & gas, energy, fitness, and dairy farming
| Bidding Dates |
|---|
| 26 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 2.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,28,000 | 2 | 2 | 1200 | 3.0 M | ₹95 - ₹100 | 67.71 % | ₹285.0 M - ₹300.0 M | RHP DOC |
Ameenji Rubber IPO SUBSCRIPTION STATUS
30 Sep '25Ameenji Rubber IPO overall subscription rate was 2.12 times the total available shares
Ameenji Rubber IPO retail subscription rate was 1.43 times in the retail segment
Ameenji Rubber IPO non-institutional investor subscription rate was 4.11 times in the non-institutional investor category
Ameenji Rubber IPO Qualified Institutional Bidder subscription rate was 2.01 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2025 (Day 3) | 1.43x | 4.11x | 2.01x |
29 Sep 2025 (Day 2) | 0.23x | 1.68x | 1.06x |
26 Sep 2025 (Day 1) | 0.05x | 1.24x | 0.97x |
Ameenji Rubber FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 94.1 | 8.0 | 8.1 | -3.4 | 19.8% |
| FY24 | 83.3 | 4.3 | -3.4 | -9.9 | 14.6% |
| FY23 | 74.1 | 3.5 | 2.2 | -0.6 | 11.4% |
| Note: FY23 & FY24 financials are on a standalone basis | |||||
Ameenji Rubber IPO SUBSCRIPTION STATUS DETAILS
Ameenji Rubber had 3.0 M shares on offer
Ameenji Rubber IPO offer price was in the range ₹95 - ₹100
Ameenji Rubber IPO minimum Investment was ₹228000
Ameenji Rubber IPO issue size was ₹ 285.0 M - ₹ 300.0 M
Ameenji Rubber had a minimum lot size of 1200 Shares per application
Ameenji Rubber NUMBER OF SHARES ON OFFER
Ameenji Rubber IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Ameenji Rubber Allotment Status | Exchange/ Registrar |
Ameenji Rubber IPO subscription opened on 26 Sep 2025, and closed on 30 Sep 2025
IPO allotment for Ameenji Rubber was finalized on Wednesday, 01 Oct 2025
IPO listing for Ameenji Rubber was on BSE on Monday, 06 Oct 2025
Ameenji Rubber IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 101.0 |
| Listing Close Price | 106.0 |
| Listing Gain% | 1.0% |
| Current Gain% | 40.0% |
Ameenji Rubber Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ameenji Rubber Ltd. | 140 | 157.9 | 24.9 | -1.2 | 1.3 | 11.6 | 4.4 | 123.9 | 31.2 | 6.3 | -21.1 | 5.6 | -21.1 |
| MRF Ltd. | 133850 | 56767.1 | 23.5 | 0.8 | 1.8 | 11.6 | 7.6 | 31653.6 | 10.8 | 2426.1 | 29.8 | 5706.5 | 29.5 |
| Balkrishna Industries Ltd. | 2524.6 | 48804.9 | 34.7 | -10.6 | 4.2 | 11.3 | 7 | 11074.9 | 0.8 | 1243.1 | -24.9 | 72.7 | -3.3 |
| Apollo Tyres Ltd. | 446 | 28322.3 | 16.6 | 0.2 | 1 | 8.2 | 4.7 | 28604 | 9.1 | 1372.4 | 22.4 | 26.9 | 105.3 |
| Ceat Ltd. | 3793.6 | 15345.1 | 26 | 0.7 | 0.9 | 13.8 | 5 | 15718.4 | 18.8 | 698 | 47.7 | 145.7 | 36.8 |
| JK Tyre & Industries Ltd. | 385 | 11099.1 | 17 | 0.4 | 0.7 | 12.8 | 4.8 | 16384.3 | 10.9 | 776.1 | 56.8 | 22.6 | 45 |
Ameenji Rubber INFORMATION ON IPO ISSUE
About Ameenji Rubber
Ameenji Rubber was incorporated on September 20, 2006. The company manufactures, supplies, and exports rubber solutions for railways, infrastructure, and commercial use. Its products, including bridge bearings, expansion joints, railway pads, mats, and rubber sheets, serve industries such as railways, construction, oil & gas, energy, fitness, and dairy farming
Object of the Issue
- Funding of capital expenditure towards the modernisation of existing machinery and the procurement of new machinery for the new product line-conveyor belting unit
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purposes
Ameenji Rubber - PROMOTERS
| Name |
|---|
| Mufaddal Najmuddin Deesawala |
| Sakina Mufaddal Deesawala |
| Fatema Mufaddal Deesawala |
| Zahra Mufaddal Deesawala |
Ameenji Rubber - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mufaddal Najmuddin Deesawala | Chairman & Managing Director |
| Sakina Mufaddal Deesawala | Whole-Time Director |
| Fatema Mufaddal Deesawala | Executive Director |
| Zahra Mufaddal Deesawala | Non-Executive Director |
| Jayasudha Kapoor | Independent Director |
| Asfia Moin | Independent Director |
Ameenji Rubber Book Running Lead Manager
Hem Securities Limited
ib@hemsecurities.com
Ameenji Rubber Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Ameenji Rubber Strengths
Diverse product portfolio
The company produces a wide range of industrial rubber products, including bearings, expansion joints, railway pads, mats, and commercial rubber items. Its diverse portfolio allows it to serve a broad customer base across multiple states in India
Regulatory approvals & industry accreditation
The company holds key regulatory approvals, including MORTH and RDSO certifications, and is listed as an approved vendor with Indian Railways and DFCC. It also supplies projects internationally and holds CE certification, demonstrating compliance with strict industry and global quality standards
Quality assurance
Quality assurance is central to the company’s manufacturing, ensuring customer trust through rigorous checks at every stage. Its NABL-accredited in-house lab, compliant with ISO/IEC 17025, tests raw materials and finished rubber products to meet industry standards
Ameenji Rubber Risks
Competition
The company operates in a competitive market, facing rivals from startups to large firms with broader resources. Failure to innovate, enhance products, or compete effectively could negatively impact its business, financial condition, and operations
Inventory risks
Fraud, theft, employee negligence, or similar incidents could negatively impact the company’s operations and financial condition. Although insured against such losses, future incidents may still affect results despite the past absence of such events
Strategy execution risks
The company’s success relies on effectively executing its business strategies. Failure to implement them on time, within budget, or in compliance with regulations could materially affect its operations and results
IPO FAQs
The promoters of the company are Mufaddal Najmuddin Deesawala, Sakina Mufaddal Deesawala, Fatema Mufaddal Deesawala and Zahra Mufaddal Deesawala.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Sep 26, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 228,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
Ameenji Rubber Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.