Ameenji Rubber debuts on BSE SME Exchange

Ameenji Rubber Ltd, a manufacturer of industrial rubber engineering products, has made its debut on the BSE SME Exchange on Monday. The company’s shares were listed following a successful SME Initial Public Offering (IPO) that received over 2.12x times subscription. The company had floated its SME IPO with a price band of Rs95–100/share, successfully raising Rs30 crore through the sale of 30,00,000 equity shares at the upper end of the price band.

Mufaddal Deesawala (Ameenji), MD, said: “Our listing on the BSE SME platform marks a significant milestone in Ameenji Rubber’s growth journey. The overwhelming investor response to our IPO reinforces confidence in our vision and business fundamentals. We remain committed to driving innovation, quality and sustainability in our products while delivering consistent value to our shareholders.”

The symbolic bell-ringing ceremony was held at the Bombay Stock Exchange (BSE) office in Hyderabad. This was the first-ever bell ringing ceremony held at the Hyderabad office of BSE. Mufaddal Deesawala (Ameenji), Chairman & Managing Director of Ameenji Rubber Ltd., led the ceremony in the presence of company executives, investors and members of the exchange.