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AMEENJI
LISTEDInvestors can bid for minimum 1200 shares (2 lots min for Individual) and in multiples. The table shows min-max investment by Individual and HNI.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Individual(min) | 2 | 2,400 | ₹2.40L |
Individual(max) | 2 | 2,400 | ₹2.40L |
SHNI(min) | 3 | 3,600 | ₹3.60L |
SHNI(max) | 8 | 9,600 | ₹9.60L |
BHNI(min) | 9 | 10,800 | ₹10.80L |
Note: Lot size is 1200 shares at ₹100/share (₹₹1.20L/lot). SME: 2 lots minimum. Limits: Individual ₹0-₹2L, sHNI ₹2L-₹10L, bHNI >₹10L.
Ameenji Rubber Limited is engaged in manufacturing and exporting specialized rubber products catering to railways, infrastructure, and other industries. Their products include elastomeric bridge bearings, POT-PTFE bearings, strip seal expansion joints, and industrial rubber sheets. The company is registered with key regulatory bodies like the Ministry of Road Transport and Highways and the Research Designs and Standards Organisation under the Ministry of Railways, which enhances credibility.
While Ameenji Rubber Limited shows steady business growth with credible regulatory backing and plans for modernization, its high debt levels, modest profitability, and low IPO subscription indicate potential risk and lukewarm market interest. Given the SME nature of the IPO, limited liquidity, and absence of attractive valuation or strong market demand, it is advisable to avoid applying except for investors specifically seeking exposure to this niche sector and willing to accept higher risk. The IPO does not present a compelling opportunity for the typical retail investor.
Analyst Notes: Automated research generated via Perplexity AI