In 2025, India’s IPO market continues to attract niche players, with several companies launching new issues to raise capital. Ameenji Rubber Limited, a manufacturer and exporter of rubber solutions for railways, infrastructure, and other commercial applications, is set to open its IPO on September 26, 2025, giving investors an opportunity to participate in the growth of a firm with a diversified product portfolio and strong regulatory approvals.
About Ameenji Rubber Ltd.
Incorporated in 2006, Ameenji Rubber Limited manufactures and exports rubber products for railways, infrastructure, construction, oil & gas, energy, fitness, and dairy farm sector. The company’s product portfolio includes:
- Elastomeric Bridge Bearings: Accommodate thermal expansion and horizontal rotation for bridges.
- POT-PTFE Bearings: Enable efficient load transfer and rotational movement.
- Industrial Rubber Sheets: Neoprene, EPDM, nitrile, and butyl rubber for industrial use.
- Bridge Expansion Joints: Smooth transition for bridge segments under traffic and thermal loads.
The company operates a 40,000 sq. ft. facility in Nacharam, Hyderabad, with a production capacity of 10–14 tonnes per day. All products are approved by the Ministry of Road Transport and Highways (MoRTH) and registered with the Research Designs and Standards Organisation (RDSO). As of November 30, 2024, the company had 52 employees on its payroll.
Competitive Strengths:
- Diverse rubber product portfolio
- Established client relationships
- Revenue from multiple geographies
- NABL-accredited quality assurance laboratory
- Strong regulatory approvals and industry accreditation
- Advanced manufacturing capabilities
Ameenji Rubber IPO Details
The Ameenji Rubber IPO is a book building issue of ₹30.00 crore, entirely a fresh issue of 0.30 crore shares. The IPO will be listed on BSE SME.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 26, 2025 |
| IPO Close Date | Sep 30, 2025 |
| Tentative Allotment | Oct 1, 2025 |
| Initiation of Refunds | Oct 3, 2025 |
| Credit of Shares to Demat | Oct 3, 2025 |
| Tentative Listing Date | Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 30, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 – ₹100 per share |
| Lot Size | 1,200 shares |
| Total Issue Size | 30,00,000 shares (₹30.00 Cr) |
| Sale Type | Fresh Issue |
| Net Offered to Public | 28,46,400 shares (₹28.46 Cr) |
| Reserved for Market Maker | 1,53,600 shares (₹1.54 Cr) |
| Issue Type | Bookbuilding IPO |
| Shareholding Pre-Issue | 82,80,000 shares |
| Shareholding Post-Issue | 1,12,80,000 shares |
| Listing At | BSE SME |
Investor Category Reservation:
- QIB: Not more than 50% of net issue
- Retail: Not less than 35% of net issue
- NII: Not less than 15% of net issue
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,400 | ₹2,40,000 |
| 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 |
Promoter Holding:
Promoters: Mufaddal Najmuddin Deesawala, Sakina Mufaddal Deesawala, Fatema Mufaddal Deesawala, Zahra Mufaddal Deesawala
- Pre-IPO: 92.24%
- Post-IPO: 67.71%
Book Running Lead Manager: Hem Securities Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Ameenji Rubber Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 76.2 | 55.18 | 50.77 |
| Total Income | 84.24 | 74.21 | 85.65 |
| Profit After Tax | 4.31 | 3.50 | 1.12 |
| Net Worth | 14.15 | 9.84 | 6.34 |
| Reserves & Surplus | 5.87 | 7.54 | 4.04 |
| Total Borrowing | 34.95 | 21.50 | 16.64 |
Key Performance Indicators (FY2024):
| KPI | Value |
| ROE | 35.90% |
| ROCE | 22.68% |
| Debt/Equity | 2.47 |
| RoNW | 30.44% |
| PAT Margin | 5.17% |
Ameenji Rubber IPO Objectives
| S.No | Object | Expected Amount (₹ Million) |
| 1 | Funding Capital Expenditure towards modernization of existing machinery and procurement of new machinery for new product line – Conveyor Belting Unit | 149.19 |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company | 50 |
| 3 | General Corporate Purpose | Balance |
Industry Outlook
The Indian rubber products industry is witnessing steady growth due to:
- Rising demand for industrial and infrastructure applications
- Increased investment in railways, bridges, and construction projects
- Adoption of quality-certified and regulatory-approved solutions
- Export opportunities for engineered rubber solutions
Ameenji Rubber’s strong domestic and export client base, coupled with advanced manufacturing capabilities, positions it well to capture this market growth.
Conclusion
Ameenji Rubber Limited offers investors a specialised opportunity in the industrial rubber sector, with consistent revenue growth, strong regulatory approvals, and diversified clientele. While the company demonstrates growth potential, investors should consider risks such as dependence on large clients, fluctuations in raw material prices, and project execution timelines.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO to stay updated on the latest market offerings.
