Ameenji Rubber Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 15,060,000 (391%) | — | ₹150,600 Cr |
| NII (HNI) | — | 427,200 (11%) | — | ₹427 Cr |
| Retail | — | 998,400 (26%) | — | ₹998 Cr |
| Market Maker | — | 153,600 (4%) | — | ₹15 Cr |
| Σ Total | — | 3,852,000 (100%) | — | ₹38,520 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,680,000 |
| B-HNI (Min) | 67 | 80,400 | ₹8,040,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 84 | 74 | 86 |
| Profit After Tax | 4 | 4 | 1 |
| Net Worth | 14 | 10 | 6 |
| Total Assets | 76 | 55 | 51 |
| Reserves & Surplus | 6 | 8 | 4 |
| Total Borrowing | 35 | 22 | 17 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for new product Line-Conveyor Belting Unit. – 14.919
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company – 5
- General Corporate Purpose –
Company Overview
Incorporated in 2006, Ameenji Rubber Limited is engaged in the manufacturing and exporting of engaged in the manufacturing, supply, and export of rubber solutions for railways, infrastructure, and other commercial applications.
The company offers elastomeric bridge bearings, POT-PTFE bearings, strip seal expansion joints, and various industrial rubber products.
The company operates from a 40,000 sq. ft. facility in Nacharam, Hyderabad, with a production capacity of 10 to 14 tonnes per day.
Their products are approved by the Ministry of Road Transport and Highways (MoRTH) and registered with the Research Designs and Standards Organisation (RDSO) under the Ministry of Railways.
The company serves industries like Railways, Infrastructure, Construction, Oil & Gas, Energy, Fitness, and Dairy Farm, providing innovative solutions to Indian Railways and private organizations.
Product Portfolio:
- Elastomeric Bridge Bearings:Designed to accommodate thermal expansion and horizontal rotation, enhancing structural integrity and extending bridge lifespan.
- POT-PTFE Bearings:Provide efficient load transfer and rotational movement in bridge structures.
- Industrial Rubber Sheets:Available in neoprene, EPDM, nitrile, and butyl rubber, suitable for various industrial applications
- Bridge Expansion Joints:Ensure smooth transition between bridge segments, accommodating movements due to thermal effects and traffic loads.
As of November 30, 2024, the company has 52 employees on its payroll.
Competitive Strengths:
- Strong portfolio and diverse range of rubber product
- Existing client relationship
- Diversified revenue from multiple geographies
- Quality Assurance through NABL-Accredited Laboratory
- Strong Regulatory Approvals and Industry Accreditation
- Strong Manufacturing Capabilities