Amtech Esters IPO
GMP, Subscription, Price, Dates & Financial Details
Plastic Products
Amtech Esters Ltd is a B2B specialty chemicals company incorporated in May 2002 and primarily engaged in the manufacturing of Unsaturated Polyester Resins (UPRs) and trading of complementary products used across the resin and FRP value chain. Originally incorporated as Amtech Esters Private…
Open Date
Wed, 09 Sep 2026
Close Date
Fri, 11 Sep 2026
Price Band
₹ 71 – 75
Lot Size
1600
Issue Size
₹ 17.88 Cr
Minimum Investment
₹ 240,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Amtech Esters IPO is set to open its Initial Public Offering (IPO) for subscription on September 09, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹17.88 Crore, comprising a fresh issue of 23.84 Lakh equity shares aggregating to ₹17.88 Crore.
The Amtech Esters IPO will open for subscription on September 09, 2026, and close on September 11, 2026. The basis of allotment is expected to be finalized on September 15, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on September 17, 2026.
The company has fixed the price band at ₹71 to ₹75 per share, with a lot size of 1600 shares. Retail investors will require a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited is the registrar to the issue. are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Amtech Esters IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 11, 2026.
Amtech Esters IPO Timeline (Tentative)
- IPO Open Date
- Wed, 09 Sep 26
- IPO Close Date
- Fri, 11 Sep 26
- Basis of Allotment
- Tue, 15 Sep 26
- Initiation of Refunds
- Wed, 16 Sep 26
- Credit of Shares to Demat
- Wed, 16 Sep 26
- Listing Date
- Thu, 17 Sep 26 — BSE
Open Date
09 September 2026
Close Date
11 September 2026
Basis Of Allotment
15 September 2026
Listing Date
17 September 2026
IPO Subscription
Check Live Subscription →The Amtech Esters IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 09 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 34.47 | 27.86 | 24.79 |
| Revenue | 40.75 | 36.97 | 27.24 |
| Profit After Tax | 4.22 | 3.72 | 2.84 |
| Net Worth | 19.58 | 15.36 | 11.64 |
| Reserve & Surplus | 13.14 | 12.14 | 8.41 |
| Total Borrowings | 3.41 | 3.99 | 4.49 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Amtech Esters Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 24.17 | 27.58 | 27.94 |
| ROCE % | 30.16 | 35.1 | 30.77 |
| Debt / Equity | 0.17 | 0.26 | 0.39 |
| RoNW % | 24.17 | 27.58 | 27.94 |
| Pat Margin % | 10.28 | 10.09 | 11.53 |
Peers Comparison
No Peer Comparision Available
About Amtech Esters Limited
Amtech Esters Ltd is a B2B specialty chemicals company incorporated in May 2002 and primarily engaged in the manufacturing of Unsaturated Polyester Resins (UPRs) and trading of complementary products used across the resin and FRP value chain. Originally incorporated as Amtech Esters Private Limited, the Company was converted into a public limited company in December 2023.
The Company offers a diversified portfolio of 79 SKUs, comprising UPRs, pigments, fibre resins, hardeners, silicones and other ancillary products. UPRs are its core product and contributed 62.84% of revenue in FY26, while pigments manufactured through its wholly owned subsidiary, Croda Pigments Private Limited (CPPL), contributed 24.14%. Its products serve a wide range of applications, including automotive and body shops, electrical switchgear, fashion accessories, FRP products, decorative articles, coatings and other industrial applications.
Amtech Esters operates two manufacturing facilities in Bahadurgarh, Haryana, with an aggregate installed capacity of 2,960 MTPA for UPRs and 382.2 MTPA for pigments as of FY26. UPR production stood at 2,195 tonnes in FY26, representing a capacity utilisation of 89.11%, compared with 50.38% in FY24.
Through its integrated product portfolio, the Company provides customers with a comprehensive sourcing solution covering base resins, reinforcement materials, curing agents, finishing products and application-specific consumables. Its wholly owned subsidiary, CPPL, further strengthens the portfolio through the manufacture of pigments used as colourants and additives in paints, varnishes, dyes, adhesives and other chemical applications.
The Company has dedicated Research & Development and Quality Control departments focused on product development, process improvement and maintaining consistent quality standards. Its manufacturing processes are ISO 9001:2015 certified and supported by modern, automated plant and machinery.
As of March 31, 2026, Amtech Esters had 60 employees across production, sales and marketing, quality control, packaging and dispatch, finance, legal, human resources and management functions.
Competitive Strengths
Diversified portfolio of 79 SKUs across UPRs, pigments and complementary products.
Strong presence across the resin and FRP value chain.
Integrated sourcing solutions for industrial customers.
Modern and automated manufacturing facilities.
High UPR capacity utilisation of 89.11% in FY26.
ISO 9001:2015-certified quality management processes.
R&D and Quality Control capabilities supporting product development and consistency.
Synergies from wholly owned subsidiary Croda Pigments Private Limited.
Experienced promoters, management and sales team.
Amtech Esters IPO Promoters
- Ajit Singh Bawa
- Gurpreet Kaur Bawa
- Meenakshi Sharma
Promoters Holding
Holding Pre Issue
62.35%
Holding Post Issue
45.52%
Amtech Esters IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- 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
- Repayment or prepayment, in full or in part, of certain borrowings availed by the Company
- Funding inorganic growth through unidentified acquisitions and general corporate purposes |
Amtech Esters Limited Address / Contact Details
Amtech Esters Ltd.
Flat No. 102, Plot No. A – 3,
Magnum House 1, Commercial Complex,
Karam Pura, West Delhi, New Delhi,
West Delhi, New Delhi, 110015
Telephone:011-49044111
E-Mail:info@amtechesters.com
Webesite:https://www.amtechesters.com/
IPO Snapshot
Amtech Esters IPO Lot Size
The Amtech Esters IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,40,000 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,40,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 240,000.00 |
| Retail (Max) | 2 | 3,200 | 240,000.00 |
| S-HNI (Min) | 3 | 4,800 | 360,000.00 |
| S-HNI (Max) | 8 | 12,800 | 960,000.00 |
| B-HNI (Min) | 9 | 14,400 | 1,080,000.00 |
Issue Reservation
Book Running Lead Managers
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Amtech Esters IPO?
Amtech Esters IPO is a Book-building IPO with a total issue size of ₹17.88 crore. The Amtech Esters IPO price band is ₹71 to 75 per share. The Amtech Esters IPO subscription opens on Wed, Sep 9, 2026, and closes on Fri, Sep 11, 2026. The Amtech Esters IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Amtech Esters IPO.
When will the Amtech Esters IPO open for subscription?
The Amtech Esters IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026
What is Amtech Esters IPO Price Band?
Amtech Esters IPO Price Band is ₹71 to 75 per share.
What is Amtech Esters IPO Lot Size?
Amtech Esters IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Amtech Esters IPO?
The minimum investment for Amtech Esters IPO is ₹240000, based on one lot of 1600 shares at the upper price band of ₹75 per share.
How to apply for Amtech Esters IPO?
Investors can apply for the Amtech Esters IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 11, 2026. The application amount remains blocked until the Amtech Esters IPO allotment is finalized.
What is Amtech Esters IPO Issue Size?
Amtech Esters IPO issue size is ₹17.88 crores.
What is the Amtech Esters IPO Allotment Date?
Amtech Esters IPO allotment date is Tue, Sep 15, 2026.
Who is the Amtech Esters IPO Registrar?
The registrar for Amtech Esters IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Amtech Esters IPO allotment status, refund processing, and other IPO-related information.
What is the Amtech Esters IPO GMP?
The Amtech Esters IPO GMP (Grey Market Premium) is ₹5 as of Sat, Sep 5, 2026. Based on the upper price band of ₹75 per share, the estimated Amtech Esters IPO listing price is ₹80, indicating a potential listing gain of approximately 6.67% over the issue price.
Who is the Amtech Esters IPO Lead Manager?
The book-running lead managers (BRLMs) for the Amtech Esters IPO are —. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Amtech Esters IPO Red Herring Prospectus (RHP).