211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Ameenji Rubber IPO Review

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Ameenji Rubber IPO Date
  • IPO Open Date:
    26 Sep 2025
  • IPO Close Date:
    30 Sep 2025
  • IPO Allotment Date:
    1 Oct 2025
  • Tentative Refund Date:
    3 Oct 2025
  • IPO Listing:
    6 Oct 2025
Check Ameenji Rubber IPO GMP

Ameenji Rubber IPO Overview

Sector Update

The company is engaged in to manufacturing, supply, and export of rubber solutions for railways, infrastructure, and other commercial applications. India’s rail logistics market is estimated to be US$ 317.26 billion in 2024 and is expected to reach US$ 484.43 billion by 2029, growing at a CAGR of 8.8%.

Growth drivers

Growth drivers are Strong Product portfolio and diverse range of rubber products and Strong Regulatory Approvals and Industry Accreditation

Financial Update:
(comparison of FY24 FY25 )
Revenue ₹83.34 cr ₹94.05 cr (+12.85%)
PAT ₹4.31 cr ₹8.03 cr (+86.31%)
PAT Margin 5.17 % 8.54 % (+65.18%)
EBITDA ₹12.14 cr ₹19.35 cr (+59.39%)
EBITDA Margin 14.57 % 20.57 % (+41.18%)
ROE 30.46 % 36.20 % (+18.84%)
ROCE 22.68 % 23.43 % (+3.31%)
D/E 2.47 2.07 (-16.19%)
Business Diversification

The company enjoys Diversified revenue from multiple geographies and have a Strong Product portfolio and diverse range of rubber products.

IPO Valuation

PE Ratio: 14.04x Average Sector PE Ratio: 19.60x

Ameenji Rubber IPO Reservation

Ameenji Rubber IPO Share Allocation
QIB Shares Offered: 99408000
- Anchor Investor Shares Offered: 85200000
− QIB (Ex. Anchor) Shares Offered : 14208000
NII (HNI) Shares Offered: 427200
- bNII > ₹10L: 284400
- sNII < ₹10L: 142800
Retail Shares Offered: 998400
Total Shares Offered: 100833600
Ameenji Rubber IPO Lot Size
Application Lot Shares Amount
Individual investors (Retail) (Max) 2 2400 ₹240000
S-HNI (Min) 3 3600 ₹360000
S-HNI (Max) 8 9600 ₹960000
B-HNI (Min) 9 10800 ₹1080000

Interesting facts about IPO

IPO Size: ₹ 30.00 Cr.

Avg IPO Size (Sector Based):

₹ 18.58 cr.

Sector: Rubber

SME IPO so far in this sector:

7

Merchant Banker: Hem Securities

SME IPO by BRLM so far:

137


SME IPO so far in this city:

3

PE Ratio: 14.04

Average Sector PE Ratio:

19.60 X

Price Band (Upper): ₹ 100.00

Listing Price:

₹ 101.00

Business Profile

Ameenji Rubber Limited engaged in the manufacturing, supply, and export of rubber solutions for railways, infrastructure, and other commercial applications. Their comprehensive product range includes Elastomeric Bridge Bearings, POTPTFE Bearings, Spherical Bearings, Expansion Joints (Infrastructure), Composite Grooved Rubber Sole Plates (CGRSP), UIC Rubber Vestibules, Rubberized Railway Crossing Pads, Moulded and Long-Length Rubber Sheets, Gym Mats, Rolls, Cow Mats, Rubber Beadings, and other commercial rubber products. Their products are widely utilized in railway coaches, sleepers, railway crossings, bridges, flyovers, roads, highways and various commercial applications. They serve a diverse range of industries, including Railways, Infrastructure, Construction, Oil & Gas, Energy, Fitness, and Dairy Farm. They proudly cater to Indian Railways and many private organizations across various sectors. Their Company is dedicated to delivering innovative solutions that meet the rigorous demands of modern industrial, railway, and infrastructure projects.

Strengths and Challenges as per DRHP

Strengths Image
  • Strong Manufacturing Capabilities
  • Experienced Promoter Directors with extensive domain knowledge
  • Strong Regulatory Approvals and Industry Accreditation
Strengths Image
WEAKNESSES Image
  • High working capital intensive business
  • Levrage ratio is higher than the industry peers
Strengths Image
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Comparison of Ameenji Rubber IPO with some Listed peers/Listing Gains in the Similar sector

Select Listed IPO for Comparison:
Basis
Ameenji Rubber IPO
vs
vs
vs

IPO Date
6th Oct 2025


IPO Size
₹ 30.00 Cr.

Total Assets
₹ 102.83 Cr.

Revenue
₹ 94.05 Cr.

PAT
₹ 8.03 Cr.

PAT Margin
8.54 %

Leverage Ratio
2.07 x

PE Multiple
14.04 x

EV/EBITDA
8.19 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

Ameenji Rubber IPO Objectives (Objects of Offer) and expected Utilisation

Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for new product Line-Conveyor Belting Unit
[●]

Track Record of (Merchant Banker)/merchant Banker Report

Hem Securities Limited, based in Jaipur is the Lead Manager (BRLM) of Ameenji Rubber IPO. Hem Securities Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Hem Securities Limited .

Read more details of this IPO

Peer Companies Of This Sector

FAQs

Ameenji Rubber IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ameenji Rubber Financial Review Page

Ameenji Rubber IPO subscription was 2.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ameenji Rubber IPO listed at a listing price of 101.00 against the offer price of 100.00.

The current market price of Ameenji Rubber is 116.91.

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