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Ameenji Rubber Ltd IPO

Status:

Overview

IPO date
26 Sept 2025 to 30 Sept 2025
Face value
₹ 0 per share
Price
₹ 95 to ₹100 per share
Issue Size
3,000,000 shares
(aggregating up to ₹ 30 Cr)
Allotment Date
01 Oct 2025
Listing at
NSE
Issue type
Book Building - SME
Sector

Objectives of Ameenji Rubber Ltd IPO

Ameenji Rubber Ltd IPO Strategy

About Ameenji Rubber Ltd

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T&C*

Strengths vs Risks of Ameenji Rubber Ltd

Know the pros & cons

Strengths

  • arrowStrong Product portfolio and diverse range of rubber products.
  • arrowExisting client relationship.
  • arrowDiversified revenue from multiple geographies.
  • arrowQuality Assurance through NABL-Accredited Laboratory.
  • arrowStrong Regulatory Approvals and Industry Accreditation.
  • arrowStrong Manufacturing Capabilities.
  • arrowExperienced Promoter Directors with extensive domain knowledge.

Risks

  • arrowSubstantial portion of our revenues has been dependent upon few customers, with which we do not have any firm commitments. The loss of any one or more of our major customers would have a material adverse effect on our business, cash flows, results of operations and financial condition.
  • arrowAn increase in raw material prices and fluctuations may adversely impact our business, financial condition, and operational results.
  • arrowWe are primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of raw materials from such selective suppliers and geographical location could have a material adverse effect on our business operations and financial conditions.
  • arrowWe are subject to strict quality requirements, customer inspections and audits, and any failure to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact our reputation and our business and results of operations and future prospects
  • arrowWe may not have adequate experience in manufacturing of products which are proposed to be manufactured by Machineries to be acquired from Object of the Issue.
  • arrowOur Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • arrowWe generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
  • arrowOur Company is involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties/prosecutions and may adversely affect our business and results of operations.
  • arrowOur Business is dependent on our manufacturing unit. Any disruption, breakdown or failure of machinery, disruption to power sources or any temporary shutdown of our manufacturing unit, may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • arrowOur main operations may be adversely affected in case of industrial accidents at our manufacturing unit and also rubber is a combustible commodity which may lead to any fire mishaps or accidents that could lead to property damages, property loss and accident claim.
  • arrowThere are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
  • arrowWe derive a limited portion of our revenues from various countries outside India. Any adverse developments in these markets, along with fluctuations in exchange rates, may negatively impact our results of operations.
  • arrowOur manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, our business operations could be affected.
  • arrowOur historical performance is not indicative of our future growth or financial results and we may not be able to sustain our historical growth rates.
  • arrowOur failure to adapt to technological developments or industry trends could affect the performance and features of our products, and reduce our attractiveness to our customers.
  • arrowOur Company operates under several statutory and regulatory approvals in respect of our operations. Failure to obtain or maintain licenses, registrations, permits and approvals may affect our business and results of operations.
  • arrowWe do not own the registered office & godowns from which we carry out our business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, our business and results of operations can be adversely affected.
  • arrowOur Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
  • arrowCertain of our operations are still being carried out under the name of Cemcon Rubber Private Limited, despite the amalgamation with Our Company.
  • arrowWe may face liabilities related to our previous factory location due to the absence of required government approvals and licenses.
  • arrowWe have incurred indebtedness which exposes us to various risks which may have an effect on our business and results of operations.
  • arrowIf we are unable to manage our growth effectively and further expand into new markets our business, future financial performance and results of operations could be materially and adversely affected.
  • arrowRubber is an agro-commodity and a key raw material for our business. Any disruptions in production, price volatility, or regulatory challenges can impact our operations.
  • arrowSome of the properties Used by our Company are not registered in our name.
  • arrowChanges in technology render our current fleet of equipment obsolete and require us to make substantial capital investments.
  • arrowOrders placed by customers may be delayed, modified, cancelled or not fully paid for by our customers, which may have an adverse effect on our business, financial condition and results of operations.
  • arrowOur operating results could be materially harmed if we are unable to accurately forecast customer demand for our products or manage our inventory.
  • arrowOur Company may not be successful in penetrating new export markets.
  • arrowOur insurance coverage may not be adequate to protect us against all potential losses to which we may be subject and this may have a material effect on our business and financial condition.
  • arrowThe Logo used by our Company is currently under process of registration under Trade Marks Act, 1999. Failure to protect our intellectual property rights may adversely affect our competitive business position, financial condition and profitability.
  • arrowUnder-utilization of our manufacturing capacities may have an adverse effect on our business, future prospects and future financial performance. Moreover, information relating to capacity utilization of our production facility included in this Draft Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
  • arrowDelay in Investment in Foreign Subsidiary may lead to Non-Compliance with FEMA Regulations.
  • arrowOur contingent liabilities as stated in our Restated Financial Statements could affect our financial condition.
  • arrowInformation in relation to our installed capacity and capacity utilization of our manufacturing facilities included in this Draft Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • arrowWe have in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on our Company's financial condition and results of operations.
  • arrowActivities involving our manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of our manufacturing facility may adversely affect our production schedules, costs, sales and ability to meet customer demand.
  • arrowWe operate in a competitive business environment. Failure to compete effectively against our competitors and new entrants in the industry in any of our business segments may adversely affect our business, financial condition and results of operations.
  • arrowIndustry information included in this Draft Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • arrowCertain documents in relation to educational qualification for some of our Director are not available and reliance has been made on declarations and affidavits furnished by such Director for details of their profiles included in this Draft Red Herring Prospectus.
  • arrowWe are dependent upon the experience of our management team and KMPs. If we are unable to attract or retain such team, this could adversely affect our business, results of operations and financial condition.
  • arrowOur Company has taken unsecured loans that may be recalled by the lenders at any time.
  • arrowAdverse publicity regarding our products could negatively impact us.
  • arrowSome of our agreements may be under stamped or inadequately stamped and if any financial or judicial implication arises out of the same it may have an adverse effect on the Company's business and reputation.
  • arrowDependence upon transportation services for supply and transportation of our products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
  • arrowFraud, theft, employee negligence or similar incidents may adversely affect our results of operations and financial condition.
  • arrowWe could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely effect our financial condition, results of operations and reputation.
  • arrowWe may not be successful in implementing our business strategies.
  • arrowThe average cost of acquisition of Equity Shares by our Promoters, is lower than the face value of Equity Share.
  • arrowWe have issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
  • arrowOur Promoter and the Promoter Group will jointly continue to retain majority shareholding in our Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • arrowOur lenders have charge over properties in respect of finance availed by us.
  • arrowLoans availed by Our Company has been secured on personal guarantees of our directors.
  • arrowNone of our Directors possess experience of being on the board of any listed company.
  • arrowWe are subject to restrictive covenants under our credit facilities that limit our operational flexibility.
  • arrowCertain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • arrowOur ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • arrowAny Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • arrowWe have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • arrowThe Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence our profitability adversely.
  • arrowWe are subject to the risk of failure of, or a material weakness in, our internal control systems.
  • arrowWe may require further equity issuance, which will lead to dilution of equity and may affect the market price of our Equity Shares or additional funds through incurring debt to satisfy our capital needs, which we may not be able to procure and any future equity offerings by us.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner or at all.
  • arrowWe may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of our Equity Shares.
  • arrowThe Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • arrowQIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
  • arrowWe may not have adequate experience in manufacturing of products which are proposed to be manufactured by Machineries to be acquired from Object of the Issue.
  • arrowOur Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
  • arrowCertain of our operations are still being carried out under the name of Cemcon Rubber Private Limited, despite the amalgamation with Our Company.
  • arrowSome of the properties Used by our Company are not registered in our name.
  • arrowOur Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • arrowWe generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
  • arrowOur business is significantly dependent on the Railway and Infrastructure sectors, which together contributed more than 99% of our revenues in the last three fiscal years, and any adverse developments in these sectors could materially and adversely affect our business, results of operations, and financial condition.
  • arrowOur Company is involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties/prosecutions and may adversely affect our business and results of operations.
  • arrowOur Business is dependent on our manufacturing unit. Any disruption, breakdown or failure of machinery, disruption to power sources or any temporary shutdown of our manufacturing unit, may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • arrowOur main operations may be adversely affected in case of industrial accidents at our manufacturing unit and also rubber is a combustible commodity which may lead to any fire mishaps or accidents that could lead to property damages, property loss and accident claim.
  • arrowUnder-utilization of our manufacturing capacities may have an adverse effect on our business, financial condition, cash flows and future prospects.
  • arrowWe may face liabilities related to our previous factory location due to the absence of required government approvals and licenses.
  • arrowDelay in Investment in Foreign Subsidiary may lead to Non-Compliance with FEMA Regulations.
  • arrowOur contingent liabilities as stated in our Restated Financial Statements could affect our financial condition.
  • arrowThere are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
  • arrowWe derive a limited portion of our revenues from various countries outside India. Any adverse developments in these markets, along with fluctuations in exchange rates, may negatively impact our results of operations.
  • arrowOur manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, our business operations could be affected.
  • arrowOur historical performance is not indicative of our future growth or financial results and we may not be able to sustain our historical growth rates.
  • arrowOur failure to adapt to technological developments or industry trends could affect the performance and features of our products, and reduce our attractiveness to our customers.
  • arrowOur Company operates under several statutory and regulatory approvals in respect of our operations. Failure to obtain or maintain licenses, registrations, permits and approvals may affect our business and results of operations.
  • arrowOur outstanding order book is significantly dependent on Indian Railways and allied entities, and any delay, reduction or cancellation of such orders may materially and adversely affect our revenues, cash flows, and financial condition.
  • arrowWe do not own the registered office & godowns from which we carry out our business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, our business and results of operations can be adversely affected.
  • arrowWe have incurred indebtedness which exposes us to various risks which may have an effect on our business and results of operations.
  • arrowIf we are unable to manage our growth effectively and further expand into new markets our business, future financial performance and results of operations could be materially and adversely affected.
  • arrowRubber is an agro-commodity and a key raw material for our business. Any disruptions in production, price volatility, or regulatory challenges can impact our operations.
  • arrowChanges in technology render our current fleet of equipment obsolete and require us to make substantial capital investments.
  • arrowOrders placed by customers may be delayed, modified, cancelled or not fully paid for by our customers, which may have an adverse effect on our business, financial condition and results of operations.
  • arrowOur operating results could be materially harmed if we are unable to accurately forecast customer demand for our products or manage our inventory.
  • arrowOur Company may not be successful in penetrating new export markets.
  • arrowOur insurance coverage may not be adequate to protect us against all potential losses to which we may be subject and this may have a material effect on our business and financial condition.
  • arrowThe Logo used by our Company is currently under process of registration under Trade Marks Act, 1999. Failure to protect our intellectual property rights may adversely affect our competitive business position, financial condition and profitability.
  • arrowInformation in relation to our installed capacity and capacity utilization of our manufacturing facilities included in thist Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • arrowWe have in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on our Company's financial condition and results of operations.
  • arrowActivities involving our manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of our manufacturing facility may adversely affect our production schedules, costs, sales and ability to meet customer demand.
  • arrowWe operate in a competitive business environment. Failure to compete effectively against our competitors and new entrants in the industry in any of our business segments may adversely affect our business, financial condition and results of operations.
  • arrowIndustry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • arrowWe are dependent upon the experience of our management team and KMPs. If we are unable to attract or retain such team, this could adversely affect our business, results of operations and financial condition.
  • arrowOur Company has taken unsecured loans that may be recalled by the lenders at any time.
  • arrowAdverse publicity regarding our products could negatively impact us.
  • arrowOperational risks, including inventory theft, damage, or mismanagement, may adversely affect our business.
  • arrowMisconduct or errors by employee or manpower engaged by us could expose us to business risks or losses that could affect our business prospects, results of operations and financial condition.
  • arrowDependence upon transportation services for supply and transportation of our products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
  • arrowWe may not be successful in implementing our business strategies.
  • arrowThe average cost of acquisition of Equity Shares by our Promoters, is lower than the face value of Equity Share.
  • arrowOur Promoter and the Promoter Group will jointly continue to retain majority shareholding in our Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • arrowOur lenders have charge over properties in respect of finance availed by us.
  • arrowLoans availed by Our Company has been secured on personal guarantees of our directors.
  • arrowNone of our Directors possess experience of being on the board of any listed company.
  • arrowWe are subject to restrictive covenants under our credit facilities that limit our operational flexibility.
  • arrowCertain data mentioned in this Red Herring Prospectus has not been independently verified.
  • arrowOur ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • arrowAny Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • arrowWe have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • arrowThe Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence our profitability adversely.
  • arrowWe are subject to the risk of failure of, or a material weakness in, our internal control systems.
  • arrowWe may require further equity issuance, which will lead to dilution of equity and may affect the market price of our Equity Shares or additional funds through incurring debt to satisfy our capital needs, which we may not be able to procure and any future equity offerings by us.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner or at all.
  • arrowWe may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of our Equity Shares.
  • arrowThe Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • arrowQIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
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The IPO opens on 26 Sept 2025 & closes on 30 Sept 2025.

Ameenji Rubber Limited was originally incorporated as a Private Limited Company under the name 'Ameenji Rubber Private Limited' on September 20, 2006 with the Registrar of Companies, Andhra Pradesh. Further, company was converted into a Public Limited Company and the name of Company was changed from 'Ameenji Rubber Private Limited' to 'Ameenji Rubber Limited' vide a fresh Certificate of Incorporation dated July 31, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company specializes in manufacturing, supplying, and exporting rubber solutions for railways, infrastructure, and commercial applications. Its diverse product range includes Elastomeric Bridge Bearings, POTPTFE Bearings, Spherical Bearings, Expansion Joints (Infrastructure), Composite Grooved Rubber Sole Plates (CGRSP), UIC Rubber Vestibules, Rubberized Railway Crossing Pads, Moulded and Long-Length Rubber Sheets, Gym Mats, Rolls, Cow Mats, Rubber Beadings, and other commercial rubber products. These products are widely used in railway coaches, sleepers, crossings, bridges, flyovers, roads, highways and various commercial applications; serving a diverse range of industries, including Railways, Infrastructure, Construction, Oil & Gas, Energy, Fitness, and Dairy Farm. The Company started production at Hyderabad facility during the period 2006-07. Thereafter, Company opened another plant in Kucharam Village reserved for a green belt buffer zone in 2022. Cemcon Rubber Private Limited was amalgamated with the Company in July, 2022. The Company has established Ameenji Rubber Inc as subsidiary in the State of North Carolina, United States of America in 2024. Company is planning an IPO of 30,00,000 fresh issue equity shares of Rs 10/-.

Ameenji Rubber Ltd IPO will close on 30 Sept 2025.

  • Strong Product portfolio and diverse range of rubber products.
  • Existing client relationship.
  • Diversified revenue from multiple geographies.
  • Quality Assurance through NABL-Accredited Laboratory.
  • Strong Regulatory Approvals and Industry Accreditation.
  • Strong Manufacturing Capabilities.
  • Experienced Promoter Directors with extensive domain knowledge.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Mufaddal Najmuddin Deesawala 5286066 63.84 5286066 46.86
2 Sakina Mufaddal Deesawala 1974066 23.84 1974066 17.5
3 Fatema Mufaddal Deesawala 165600 2 165600 1.47
4 Zahra Mufaddal Deesawala 165600 2 165600 1.47
5 Mustafa Saifuddin Lokhandwala 41400 0.5 41400 0.37
6 Nafisa Fakhruddin Vakhariya 4500 0.05 4500 0.04
7 Tasnim Abbas Kamus 500 0.01 500 ---

  • Substantial portion of our revenues has been dependent upon few customers, with which we do not have any firm commitments. The loss of any one or more of our major customers would have a material adverse effect on our business, cash flows, results of operations and financial condition.
  • An increase in raw material prices and fluctuations may adversely impact our business, financial condition, and operational results.
  • We are primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of raw materials from such selective suppliers and geographical location could have a material adverse effect on our business operations and financial conditions.
  • We are subject to strict quality requirements, customer inspections and audits, and any failure to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact our reputation and our business and results of operations and future prospects
  • We may not have adequate experience in manufacturing of products which are proposed to be manufactured by Machineries to be acquired from Object of the Issue.
  • Our Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • We generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
  • Our Company is involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties/prosecutions and may adversely affect our business and results of operations.
  • Our Business is dependent on our manufacturing unit. Any disruption, breakdown or failure of machinery, disruption to power sources or any temporary shutdown of our manufacturing unit, may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Our main operations may be adversely affected in case of industrial accidents at our manufacturing unit and also rubber is a combustible commodity which may lead to any fire mishaps or accidents that could lead to property damages, property loss and accident claim.
  • There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
  • We derive a limited portion of our revenues from various countries outside India. Any adverse developments in these markets, along with fluctuations in exchange rates, may negatively impact our results of operations.
  • Our manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, our business operations could be affected.
  • Our historical performance is not indicative of our future growth or financial results and we may not be able to sustain our historical growth rates.
  • Our failure to adapt to technological developments or industry trends could affect the performance and features of our products, and reduce our attractiveness to our customers.
  • Our Company operates under several statutory and regulatory approvals in respect of our operations. Failure to obtain or maintain licenses, registrations, permits and approvals may affect our business and results of operations.
  • We do not own the registered office & godowns from which we carry out our business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, our business and results of operations can be adversely affected.
  • Our Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
  • Certain of our operations are still being carried out under the name of Cemcon Rubber Private Limited, despite the amalgamation with Our Company.
  • We may face liabilities related to our previous factory location due to the absence of required government approvals and licenses.
  • We have incurred indebtedness which exposes us to various risks which may have an effect on our business and results of operations.
  • If we are unable to manage our growth effectively and further expand into new markets our business, future financial performance and results of operations could be materially and adversely affected.
  • Rubber is an agro-commodity and a key raw material for our business. Any disruptions in production, price volatility, or regulatory challenges can impact our operations.
  • Some of the properties Used by our Company are not registered in our name.
  • Changes in technology render our current fleet of equipment obsolete and require us to make substantial capital investments.
  • Orders placed by customers may be delayed, modified, cancelled or not fully paid for by our customers, which may have an adverse effect on our business, financial condition and results of operations.
  • Our operating results could be materially harmed if we are unable to accurately forecast customer demand for our products or manage our inventory.
  • Our Company may not be successful in penetrating new export markets.
  • Our insurance coverage may not be adequate to protect us against all potential losses to which we may be subject and this may have a material effect on our business and financial condition.
  • The Logo used by our Company is currently under process of registration under Trade Marks Act, 1999. Failure to protect our intellectual property rights may adversely affect our competitive business position, financial condition and profitability.
  • Under-utilization of our manufacturing capacities may have an adverse effect on our business, future prospects and future financial performance. Moreover, information relating to capacity utilization of our production facility included in this Draft Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
  • Delay in Investment in Foreign Subsidiary may lead to Non-Compliance with FEMA Regulations.
  • Our contingent liabilities as stated in our Restated Financial Statements could affect our financial condition.
  • Information in relation to our installed capacity and capacity utilization of our manufacturing facilities included in this Draft Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • We have in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on our Company's financial condition and results of operations.
  • Activities involving our manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of our manufacturing facility may adversely affect our production schedules, costs, sales and ability to meet customer demand.
  • We operate in a competitive business environment. Failure to compete effectively against our competitors and new entrants in the industry in any of our business segments may adversely affect our business, financial condition and results of operations.
  • Industry information included in this Draft Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • Certain documents in relation to educational qualification for some of our Director are not available and reliance has been made on declarations and affidavits furnished by such Director for details of their profiles included in this Draft Red Herring Prospectus.
  • We are dependent upon the experience of our management team and KMPs. If we are unable to attract or retain such team, this could adversely affect our business, results of operations and financial condition.
  • Our Company has taken unsecured loans that may be recalled by the lenders at any time.
  • Adverse publicity regarding our products could negatively impact us.
  • Some of our agreements may be under stamped or inadequately stamped and if any financial or judicial implication arises out of the same it may have an adverse effect on the Company's business and reputation.
  • Dependence upon transportation services for supply and transportation of our products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
  • Fraud, theft, employee negligence or similar incidents may adversely affect our results of operations and financial condition.
  • We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely effect our financial condition, results of operations and reputation.
  • We may not be successful in implementing our business strategies.
  • The average cost of acquisition of Equity Shares by our Promoters, is lower than the face value of Equity Share.
  • We have issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
  • Our Promoter and the Promoter Group will jointly continue to retain majority shareholding in our Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • Our lenders have charge over properties in respect of finance availed by us.
  • Loans availed by Our Company has been secured on personal guarantees of our directors.
  • None of our Directors possess experience of being on the board of any listed company.
  • We are subject to restrictive covenants under our credit facilities that limit our operational flexibility.
  • Certain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence our profitability adversely.
  • We are subject to the risk of failure of, or a material weakness in, our internal control systems.
  • We may require further equity issuance, which will lead to dilution of equity and may affect the market price of our Equity Shares or additional funds through incurring debt to satisfy our capital needs, which we may not be able to procure and any future equity offerings by us.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner or at all.
  • We may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of our Equity Shares.
  • The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
  • We may not have adequate experience in manufacturing of products which are proposed to be manufactured by Machineries to be acquired from Object of the Issue.
  • Our Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
  • Certain of our operations are still being carried out under the name of Cemcon Rubber Private Limited, despite the amalgamation with Our Company.
  • Some of the properties Used by our Company are not registered in our name.
  • Our Company is yet to place orders for the machinery for the expansion of the proposed manufacturing unit. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • We generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
  • Our business is significantly dependent on the Railway and Infrastructure sectors, which together contributed more than 99% of our revenues in the last three fiscal years, and any adverse developments in these sectors could materially and adversely affect our business, results of operations, and financial condition.
  • Our Company is involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties/prosecutions and may adversely affect our business and results of operations.
  • Our Business is dependent on our manufacturing unit. Any disruption, breakdown or failure of machinery, disruption to power sources or any temporary shutdown of our manufacturing unit, may have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • Our main operations may be adversely affected in case of industrial accidents at our manufacturing unit and also rubber is a combustible commodity which may lead to any fire mishaps or accidents that could lead to property damages, property loss and accident claim.
  • Under-utilization of our manufacturing capacities may have an adverse effect on our business, financial condition, cash flows and future prospects.
  • We may face liabilities related to our previous factory location due to the absence of required government approvals and licenses.
  • Delay in Investment in Foreign Subsidiary may lead to Non-Compliance with FEMA Regulations.
  • Our contingent liabilities as stated in our Restated Financial Statements could affect our financial condition.
  • There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
  • We derive a limited portion of our revenues from various countries outside India. Any adverse developments in these markets, along with fluctuations in exchange rates, may negatively impact our results of operations.
  • Our manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, our business operations could be affected.
  • Our historical performance is not indicative of our future growth or financial results and we may not be able to sustain our historical growth rates.
  • Our failure to adapt to technological developments or industry trends could affect the performance and features of our products, and reduce our attractiveness to our customers.
  • Our Company operates under several statutory and regulatory approvals in respect of our operations. Failure to obtain or maintain licenses, registrations, permits and approvals may affect our business and results of operations.
  • Our outstanding order book is significantly dependent on Indian Railways and allied entities, and any delay, reduction or cancellation of such orders may materially and adversely affect our revenues, cash flows, and financial condition.
  • We do not own the registered office & godowns from which we carry out our business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, our business and results of operations can be adversely affected.
  • We have incurred indebtedness which exposes us to various risks which may have an effect on our business and results of operations.
  • If we are unable to manage our growth effectively and further expand into new markets our business, future financial performance and results of operations could be materially and adversely affected.
  • Rubber is an agro-commodity and a key raw material for our business. Any disruptions in production, price volatility, or regulatory challenges can impact our operations.
  • Changes in technology render our current fleet of equipment obsolete and require us to make substantial capital investments.
  • Orders placed by customers may be delayed, modified, cancelled or not fully paid for by our customers, which may have an adverse effect on our business, financial condition and results of operations.
  • Our operating results could be materially harmed if we are unable to accurately forecast customer demand for our products or manage our inventory.
  • Our Company may not be successful in penetrating new export markets.
  • Our insurance coverage may not be adequate to protect us against all potential losses to which we may be subject and this may have a material effect on our business and financial condition.
  • The Logo used by our Company is currently under process of registration under Trade Marks Act, 1999. Failure to protect our intellectual property rights may adversely affect our competitive business position, financial condition and profitability.
  • Information in relation to our installed capacity and capacity utilization of our manufacturing facilities included in thist Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.
  • We have in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on our Company's financial condition and results of operations.
  • Activities involving our manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of our manufacturing facility may adversely affect our production schedules, costs, sales and ability to meet customer demand.
  • We operate in a competitive business environment. Failure to compete effectively against our competitors and new entrants in the industry in any of our business segments may adversely affect our business, financial condition and results of operations.
  • Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • We are dependent upon the experience of our management team and KMPs. If we are unable to attract or retain such team, this could adversely affect our business, results of operations and financial condition.
  • Our Company has taken unsecured loans that may be recalled by the lenders at any time.
  • Adverse publicity regarding our products could negatively impact us.
  • Operational risks, including inventory theft, damage, or mismanagement, may adversely affect our business.
  • Misconduct or errors by employee or manpower engaged by us could expose us to business risks or losses that could affect our business prospects, results of operations and financial condition.
  • Dependence upon transportation services for supply and transportation of our products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
  • We may not be successful in implementing our business strategies.
  • The average cost of acquisition of Equity Shares by our Promoters, is lower than the face value of Equity Share.
  • Our Promoter and the Promoter Group will jointly continue to retain majority shareholding in our Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • Our lenders have charge over properties in respect of finance availed by us.
  • Loans availed by Our Company has been secured on personal guarantees of our directors.
  • None of our Directors possess experience of being on the board of any listed company.
  • We are subject to restrictive covenants under our credit facilities that limit our operational flexibility.
  • Certain data mentioned in this Red Herring Prospectus has not been independently verified.
  • Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
  • Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence our profitability adversely.
  • We are subject to the risk of failure of, or a material weakness in, our internal control systems.
  • We may require further equity issuance, which will lead to dilution of equity and may affect the market price of our Equity Shares or additional funds through incurring debt to satisfy our capital needs, which we may not be able to procure and any future equity offerings by us.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner or at all.
  • We may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of our Equity Shares.
  • The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
  • QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.

The Issue type of Ameenji Rubber Ltd is Book Building - SME.

The minimum application for shares of Ameenji Rubber Ltd is 2400.

The total shares issue of Ameenji Rubber Ltd is 3000000.

Initial public offer of 30,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Ameenji Rubber Limited ("the Company" or "the Issuer") at an issue price of Rs. 100 per equity share (Including Share Premium of Rs. 90 Per Equity Share) for cash, aggregating up to Rs. 30.00 Crore ("Public Issue") of which 1,53,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 100 per equity share for cash, aggregating Rs. 1.54 Crore will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). the issue less market maker reservation portion i.e. issue of 28,46,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 100 per equity share for cash, aggregating upto Rs. 28.46 crores is herein after referred to as the "Net Issue". the public issue and net issue will constitute 26.60% and 25.23 % respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs. 95/- to Rs. 100/- for equity share of face value of Rs. 10 each. The floor price is 9.50 times times the face value and cap price is 10.00 times of the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.