Ameenji Rubber Ltd., a leading manufacturer of industrial rubber products for infrastructure and railway sectors, made a strong debut today on the BSE SME Exchange. The company’s Initial Public Offering (IPO) received an impressive response, with over 2.12 times subscription from investors.
Historic Bell-Ringing Ceremony in Hyderabad
The listing day began with a symbolic bell-ringing ceremony at the BSE office in Hyderabad. It was the first-ever such event organized at this location. Mr Mufaddal Deesawala (Ameenji), Chairman and Managing Director of Ameenji Rubber Ltd., led the ceremony. Senior company executives, investors, and BSE representatives attended the event.
Ameenji Rubber Strong Investor Confidence
During the ceremony, Mr Deesawala said:
“Our listing on the BSE SME platform marks a major milestone in Ameenji Rubber’s journey. The strong investor response shows confidence in our vision and business fundamentals. We will continue to focus on innovation, quality, and sustainability while creating consistent value for our shareholders.”
IPO Details and Future Plans
Ameenji Rubber Ltd. offered its SME IPO with a price band of ₹95–₹100 per share. The company successfully raised ₹30 crore through the sale of 30,00,000 equity shares at the top end of the price range.
The funds will support capacity expansion, technology upgrades, and working capital, helping the company meet rising demand from infrastructure and railway projects.
About Ameenji Rubber Ltd.
Founded in Hyderabad, Ameenji Rubber Ltd. manufactures a wide range of rubber engineering products, including bridge bearings, expansion joints, rubber pads, and custom components.
Over the years, the company has become a trusted supplier to major government and private infrastructure projects, especially to the Indian Railways.
With a focus on innovation, quality, and sustainability, Ameenji Rubber continues to contribute to India’s growing infrastructure sector.
