Ameenji Rubber Ltd., a manufacturer of industrial rubber engineering products for railways, infrastructure and construction sectors, made its debut on the BSE SME Exchange on Monday.
The company’s shares were listed on the exchange following a 2.12 times subscription of its SME Initial Public Offering (IPO).
The symbolic bell-ringing ceremony was held at the Bombay Stock Exchange (BSE) office in Hyderabad, marking the commencement of trading of the company’s shares.
“This was the first-ever bell-ringing ceremony held at the Hyderabad office of the BSE,” a company statement said here.
The company had floated its SME IPO with a price band of ₹95-100 a share and raised ₹30 crore through the sale of 30 lakh shares at the upper end of the price band.