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Ameenji Rubber Ltd.

Ameenji Rubber Ltd.

AMEENJISME

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Overview

Ameenji Rubber Limited, established in 2006, specializes in manufacturing, supplying, and exporting a diverse range of rubber-based products for the railway, infrastructure, and commercial sectors. Its product portfolio includes elastomeric bridge bearings, expansion joints, POT-PTFE bearings, UIC rubber vestibules, and composite grooved rubber sole plates. The company is an approved vendor for key government bodies like the Ministry of Road Transport and Highways (MORTH) and the Research Designs & Standards Organisation (RDSO). Operating from its manufacturing facility in Hyderabad, Telangana, Ameenji Rubber Limited holds ISO 9001, ISO 14001, and ISO 45001 certifications and maintains a NABL-accredited in-house laboratory to ensure product quality. The company serves both domestic and international markets, with exports to countries like Saudi Arabia and a recently established subsidiary in the USA to expand its global footprint.

Opening Date

Sep 26, 2025

Closing Date

Sep 30, 2025

Listing Date

Oct 06, 2025

IPO Type

SME

IPO Status

Closed

Issue Size

30 Cr

Fresh Issue

30 Cr

Offer for Sale

0 Cr

Price Band

₹95 - ₹100

Lot Size

1200

IPO Timeline

Sep 26, 2025
Open Date
Sep 30, 2025
Close Date
Oct 01, 2025
Allotment Date
Oct 03, 2025
Initiation of Refunds
Oct 06, 2025
Listing Date

Financials

Revenue

Profit After Tax (PAT)

IPO Objective

The main objectives of the issue are to utilize the net proceeds for the following purposes:

  • Funding capital expenditure for the modernization of existing machinery and the procurement of new machinery for a new product line, the Conveyor Belting Unit.

  • Repayment and/or pre-payment, either in full or in part, of certain borrowings availed by the company to reduce debt servicing costs and improve the debt-to-equity ratio.

  • To fund general corporate purposes, including strategic initiatives, marketing expenses, working capital requirements, and other business growth opportunities.

Key Performance Indicator

P/E Ratio

36.34557761732852

EPS

2.75

ROE

44.23%

ROCE

23.43%

RONW

36.22%

Debt to Equity Ratio

2.07

PAT Margin

8.54%

EBITDA Margin

19.76%

P/B

3.73

SWOT Analysis

Strengths

  • Possesses a strong, diverse portfolio of rubber products for critical sectors like railways and infrastructure.

  • Holds key regulatory approvals from MORTH and RDSO, along with ISO and NABL accreditations.

  • Maintains strong, long-term relationships with government and private sector clients, leading to repeat business.

  • Benefits from diversified revenue streams across multiple domestic geographies and growing international markets.

Weaknesses

  • Significant reliance on government-led projects in the railway and infrastructure sectors, which can be subject to policy changes and budget allocations.

  • Experienced negative cash flow from operating activities in the fiscal year 2024.

  • Operations are dependent on a few key raw materials, making the business susceptible to price volatility.

  • The business carries a substantial amount of debt, with finance costs impacting profitability.

Opportunities

  • Expansion of manufacturing capabilities and entering the new product line of conveyor belting with IPO proceeds.

  • Leveraging increased government spending on infrastructure, including railways, metro projects, and highways.

  • Growing international presence through the newly established US subsidiary and expanding export operations.

  • Capitalizing on the 'Make in India' initiative to become a key supplier for domestic and global manufacturing needs.

Threats

  • Fluctuations in the price and availability of key raw materials like natural and synthetic rubber.

  • Intense competition from both established and unorganized players in the domestic and international rubber industry.

  • Changes in government policies, regulations, or taxation could adversely affect key customer industries.

  • Global economic slowdowns, geopolitical instability, or trade wars could impact export demand and domestic growth.

Subscription Rate

CategoryShares Bid ForShares OfferedTimes Subscribed
Qualified Institutional Buyers10.44 L5.69 L1.84x
Non-Institutional Investors3.98 L4.27 L0.93x
Retail Individual Investors38.40 K9.98 L0.04x
Others12.00 K1.43 L0.08x
Total14.81 L19.94 L0.74x