Amtech Esters IPO Details

SME BSE

Amtech Esters IPO Summary

Amtech Esters IPO opens for subscription on 09 Sep 2026 and closes on 11 Sep 2026.The IPO will be listed on BSE with the tentative listing date set for 17 Sep 2026.

Amtech Esters IPO price band has been fixed at ₹71 – ₹75 per share. The face value is ₹10 per share with a lot size of 1600.

Amtech Esters IPO total issue size comprises 23,84,000 shares (aggregating up to ₹17.88 Cr). This includes a fresh issue of 23,84,000 shares (aggregating up to ₹17.88 Cr). Pre-issue shareholding stands at 64,45,168, which will increase to 88,29,168 post-issue.

Amtech Esters IPO carries a ₹16 (21.33%) GMP, reflecting investor sentiment.

Amtech Esters IPO Lot Size :Individual Minimum is 2 lots (3,200 shares) amounting to ₹2,40,000. Individual Maximum is 2 lots (3,200 shares) amounting to ₹2,40,000. SHNI Minimum is 3 lots (4,800 shares) amounting to ₹3,60,000. SHNI Maximum is 8 lots (12,800 shares) amounting to ₹9,60,000. BHNI Minimum is 9 lots (14,400 shares) amounting to ₹10,80,000.

The Lead Managers for Amtech Esters IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Credora Partners . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Nikunj Stock Brokers. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Amtech Esters Limited RHP.

Amtech Esters IPO Details

Listing Price : ₹100 at a Premium of 33.33%

Open Date

09 Sep 2026

Close Date

11 Sep 2026

Listing Date

17 Sep 2026

Issue Price

₹71 - ₹75

Face Value

₹10 per share

Lot Size

1600 Shares

GMP

₹16(21.33%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Pre-issue Shareholding

64,45,168 shares

Post-issue Shareholding

88,29,168 shares

Total Issue Size

23,84,000 shares(aggregating up to ₹17.88 Cr)

Fresh Issue

23,84,000 shares(aggregating up to ₹17.88 Cr)

Offer for Sale

Amtech Esters IPO Subscription

Amtech Esters IPO Application Wise Breakup

Amtech Esters IPO Dates

09 Sep 2026
Opening dateOpen
11 Sep 2026
Closing dateClose
15 Sep 2026
Allotment Date Allotment
16 Sep 2026
Initiation of RefundsRefund
16 Sep 2026
Credit of SharesCredit
17 Sep 2026
Listing dateListing

Amtech Esters IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	3200	₹2,40,000
Individual Maximum	2	3200	₹2,40,000
SHNI Minimum	3	4800	₹3,60,000
SHNI Maximum	8	12800	₹9,60,000
BHNI Minimum	9	14400	₹10,80,000

Amtech Esters IPO Reservation

Promoter Holding

Pre Issue:

62.35%

Post Issue:

45.52%

Promoter Names:

Ajit Singh Bawa, Gurpreet Kaur Bawa, Meenakshi Sharma

Documents

DRHP

Amtech Esters IPO DRHP

RHP

Amtech Esters IPO RHP

Anchor List

Anchor Investors

Amtech Esters IPO Valuations

ROE24.17%

ROCE30.16%

Debt/Equity0.17

RoNW24.17%

PAT Margin10.28%

EBITDA Margin18.41%

NAV30.38

Amtech Esters Financial Information

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	34.47	27.86	24.79
Total Income	40.75	36.97	27.24
Profit After Tax	4.22	3.72	2.84
EBITDA	7.49	6.50	1.65
NET Worth	19.58	15.36	11.64
Reserves and Surplus	13.14	12.14	8.41
Total Borrowing	3.41	3.99	4.49
Amount in ₹ Crore

About Amtech Esters IPO

Incorporated in May 2002, Amtech Esters Limited is a B2B chemical manufacturing company engaged in the manufacturing of Unsaturated Polyester Resins (UPRs) and the trading of complementary products used across the resin and FRP value chain. The Company was originally incorporated as Amtech Esters Private Limited and was subsequently converted into a public limited company in December 2023.

The Company's product portfolio includes Unsaturated Polyester Resins, fibreglass, hardeners, silicones and other ancillary products used in various industrial applications. By offering complementary products alongside its manufactured UPRs, the Company provides customers with an integrated sourcing solution catering to requirements ranging from base resins and reinforcement to curing, finishing and application-specific consumables.

The Company also operates through its wholly owned subsidiary, Croda Pigments Private Limited (CPPL), which is engaged in the manufacturing of pigments used as colourants and additives in paints, varnishes, dyes, glues, gums and other chemical applications. The subsidiary complements and expands the Company's overall product portfolio and operations.

Amtech Esters has established Research & Development and Quality Control departments to support product development, process improvement and quality consistency. The Company holds ISO 9001:2015 certification, reflecting its focus on maintaining standardized quality control processes.

The Company operates manufacturing facilities at Bahadurgarh, Jhajjar, Haryana, equipped with modern and automated plant and machinery.

As of March 31, 2026, the Company had 60 employees across production, sales and marketing, quality control, packaging and dispatch, finance, legal, human resources and management functions.

Strength Of Amtech Esters IPO

Diversified Product Portfolio Catering to a Broad Customer Base.
Strong Quality Assurance ensuring consistent and standardized product excellence.
Experienced Promoter and Senior Management Supported by a Knowledgeable Sales Team.
Synergetic collaboration with subsidiary.
Good track record.
Cordial relations with our clients.
Quality of products.

Risk Of Amtech Esters IPO

A significant portion of our revenue is derived from unsaturated polyester resins. Such significant dependence on a single product category exposes us to concentration risk, whereby any adverse change in demand, pricing pressure, supply of raw materials etc. could have an adverse effect on our business, financial condition, and results of operations.
Majority of our revenue from operations is derived from our manufacturing vertical. Further all of our manufacturing facilities are situated at Haryana, which exposes us to operational risks in relation to our manufacturing process. Any disruption, slowdown, or shutdown in our manufacturing operations, could adversely affect our business, results of operations, financial condition and cash flows.
Our business is manpower intensive, and any significant increase in employee attrition could adversely affect our business, financial condition, results of operations and cash flows.
Our business is manpower intensive. It may be adversely affected by work stoppages, increased wage demands by our employees, or an increase in minimum wages, and if we are unable to engage new employees at commercially attractive terms, it could adversely affect our business, financial condition, cash flows and results of operations.
There have been certain instances of non-compliances/ discrepancies, including with respect to certain secretarial/ regulatory filings for corporate actions taken by our Company in the past. Such non-compliance may attract penalties against our Company which could impact the financial position of us to that extent.
Our Company had negative cash flow from investing and financing activities in the past and may continue to have negative cash flows in the future.
We have availed certain cash credit and working capital facilities, and we propose to utilise a portion of the Net Proceeds towards repayment of certain borrowings. Any inability to comply with the terms of such facilities or any future indebtedness may adversely affect our business, results of operations and financial condition.
We have significant receivables on our books from our customers. Such receivables not realized and turned NPA or any delay in the receivables can have significant impact on the working capital cycle and the overall financial health of the company.
Our manufacturing process involves the use of hazardous and inflammable industrial chemicals which entails significant risks and could also result in enhanced compliance obligations. Failure to adhere to stringent environmental regulations governing hazardous waste, VOC emissions, and pollution control could disrupt operations and result in penalties.
One of the objects of the Issue is to utilise the net proceeds towards investment in the form of loan to our Wholly Owned Subsidiary for purchase and installation of plant and machinery at its existing manufacturing facility. Any delay or inability in completing the said capital expenditure within the anticipated timelines may adversely affect our financial projections, business operations, and results of operations.

Objectives Amtech Esters IPO

1. Investment in the subsidiary, namely Croda Pigments Private Limited, by way of debt:1.Towards capital expenditure requirements of the subsidiary;2.To meet the incremental working capital requirements of the subsidiary

2. Repayment or prepayment, in full or in part, of certain borrowings availed by the Company

3. Funding inorganic growth through unidentified acquisitions and general corporate purposes

Company Contact Details

Flat No. 102, Plot No. A – 3 Magnum House 1, Commercial Complex Karam Pura, West Delhi, New Delhi
West Delhi, New Delhi , 110015
Phone: 011-49044111
Email: info@amtechesters.com
Website: https://www.amtechesters.com/

Registrar Contact Details

Name:

Maashitla Securities Pvt Ltd

Phone:

+91-11-45121795, +91-11-45121796

Email:

ipo@maashitla.com

Website:

https://maashitla.com/allotment-status/public-issues

Lead Mangers

Market Maker

Amtech Esters FAQs

The Amtech Esters IPO is a SME public issue comprising 2384000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹17.88 Cr. The issue price has been fixed at ₹75 per equity share, and the minimum application size is 1600 shares.

The IPO opens for subscription on 09 Sep 2026, and closes on 11 Sep 2026.

Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The Amtech Esters IPO opens on 09 Sep 2026.

Amtech Esters IPO lot size is 1600, and the minimum amount required for application is ₹120000.

You may apply for the Amtech Esters IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Amtech Esters IPO is scheduled to be finalized on 15 Sep 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 16 Sep 2026. Investors are advised to regularly check the Amtech Esters IPO allotment status for updates.

The listing date for the Amtech Esters IPO has not yet been officially announced. However, the tentative listing date is scheduled for 17 Sep 2026.

Amtech Esters IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at ₹16 (21.33%).