IPO price band and structure
The price band has been fixed at Rs 95–100 per share, with investors required to apply for a minimum of 2,400 shares. This sets the entry point for retail investors at Rs 2.40 lakh, a relatively high ticket size for the SME segment. With the grey market premium flat at zero, listing-day gains appear uncertain.
Business profile
Ameenji Rubber is engaged in manufacturing and exporting specialized rubber products catering to railways, infrastructure, and other industries.
Its product range includes elastomeric bridge bearings, POT-PTFE bearings, strip seal expansion joints, and industrial rubber sheets.
Its products carry approvals from the Ministry of Road Transport and Highways (MoRTH) and are registered with the Research Designs and Standards Organisation (RDSO) under the Ministry of Railways, lending strong regulatory credibility.
Financial performance
Ameenji Rubber has delivered steady financial growth, reporting revenue of Rs 84.24 crore in FY24 compared to Rs 74.21 crore in FY23. Profit after tax rose to Rs 4.31 crore from Rs 3.5 crore a year earlier.
Objects of the IPO
The proceeds from the IPO will be used to fund capital expenditure for modernization and procurement of new machinery, particularly for a conveyor belting unit, with Rs 14.9 crore earmarked for this purpose. Around Rs 5 crore will go towards repayment of borrowings, while the rest is set aside for general corporate needs.
Outlook
The absence of a grey market premium indicates muted investor enthusiasm at the outset. Market response during the subscription window will determine whether Ameenji Rubber can deliver a strong debut on listing day.
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