Ameenji Rubber Ltd. has announced public offering of 3000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 3,000.00 lakhs.
The company's initial public offer (IPO) will open on 26 September 2025 and is expected to close on 30 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-100.00 per share.
The IPO includes a fresh Issue of 3000000 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Ameenji Rubber Ltd. anticipates using the proceeds of the issue for Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for newproduct LineConveyor Belting Unit Repayment and/or prepayment, in full or part, of certain borrowings availed by the Company General Corporate Purpose.
Hem Securities Ltd as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.