“Ameenji Rubber lists on BSE SME platform — equity shares admitted to trading”

Ameenji Rubber lists on BSE SME, FY24 revenue ₹84.2 cr, FY25 profit ₹8.0 cr

Ameenji Rubber debuts on BSE SME platform; equity shares admitted for trading. Market watchers eye debut performance and sector outlook.

Mumbai | 6-Oct-2025Ameenji Rubber Ltd made its market debut on the BSE SME board today. The IPO was a fresh issue of shares at a price band ₹95–₹100, trading began around a small premium to the issue price.

About Ameenji Rubber Ltd.

Founded in 2006, Ameenji Rubber Limited makes and exports a wide range of rubber products used in railways, infrastructure projects, and other industries.

The company’s main products include:

  • Elastomeric bridge bearings
  • POT-PTFE bearings
  • Strip seal expansion joints
  • Other custom industrial rubber solutions


Its products are approved by the Ministry of Road Transport and Highways (MoRTH) and are also registered with the Research Designs and Standards Organisation (RDSO) under the Ministry of Railways.

The company serves multiple sectors such as railways, infrastructure, construction, oil & gas, energy, fitness, and dairy farming, and is known for providing innovative solutions both to the Indian Railways and private organizations.

Ameenji Rubber Ltd. | Financials (Restated Standalone) — ₹ Crore
FY25 vs FY24: Revenue +12% | PAT +87%
Metric 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets102.8376.2055.18
Total Income94.4384.2474.21
Profit After Tax 8.03 4.31 3.50
EBITDA18.598.4612.14
Net Worth22.1814.159.84
Reserves & Surplus13.905.877.54
Total Borrowing45.9034.9521.50
Source: Restated Standalone Financials (Prospectus) | Amounts in ₹ crore

Details of the Listing

  • Exchange: BSE SME
  • Company Name: Ameenji Rubber Pvt Ltd
  • Event: Listing & Admission to Dealings in Equity Shares
  • Date of Listing: 6 October 2025
  • Issue Price Band ₹95 to ₹100 per share
  • Lot Size 1,200 Shares
  • Segment: SME (Small and Medium Enterprise) platform

The SME platform provides small and mid-sized companies easier access to public funds, enabling them to raise capital while offering investors early-stage exposure to growth-focused businesses.

Ameenji Rubber Ltd | IPO Promoter Holding
Promoters:
• Mufaddal Najmuddin Deesawala
• Sakina Mufaddal Deesawala
• Fatema Mufaddal Deesawala
• Zahra Mufaddal Deesawala
Promoter Holding Pre Issue Post Issue
% 92.24% 67.72%
Source: IPO Prospectus | Values in %

Market Context & Investor Watch

SME IPOs have seen strong momentum in 2025, with subscription levels in many issues exceeding expectations. However, debut trading sessions often witness heightened volatility, as price discovery takes place in the early hours.

For Ameenji Rubber, analysts note three key points investors will track on Day 1 and beyond:

  • Subscription response: The strength of demand during IPO will determine early momentum.
  • Liquidity on debut: SME counters sometimes see thin volumes; sustained investor participation will be key.
  • Sector relevance: Infrastructure-linked plays remain in focus with government push on roads, bridges, and rail upgrades.

Why This Listing Matters

The debut of Ameenji Rubber underlines the growing importance of SME exchanges in India. Over the past three years, BSE SME has become a fertile ground for smaller enterprises to:

  • Raise growth capital without relying solely on debt.
  • Gain visibility among institutional and retail investors.
  • Enhance corporate governance and transparency by adhering to listing norms.

For investors, SME listings bring an opportunity to bet on emerging businesses at an early stage, but with commensurate risks such as limited liquidity, concentrated promoter holding, and business cyclicality.

Outlook Ahead

Market observers believe the performance of Ameenji Rubber on debut will help gauge sentiment for upcoming SME IPOs scheduled this quarter. The festive season and government infrastructure spending may lend support to businesses in related sectors.

If the company manages to deliver steady earnings growth and visibility post-listing, it could attract long-term investors looking for niche infrastructure enablers. On the flip side, participants are cautioned to watch liquidity, as SME counters often experience sharp fluctuations.


Ameenji Rubber Ltd (BSE: 544555) |
Snapshot at 12.55 PM, 06 oct 2025
₹106.05
+5.05 (+5.00%)
Intra: +6.05 (+6.05%)
Previous Close
100.00
Open
101.00
High
106.05
Low
96.05
VWAP
101.57
52-Week High
106.05
52-Week Low
96.05
Price Band
₹95.95 – ₹106.05 (±5%)
Source: Exchange snapshot | All values in ₹

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