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Amtech Esters Ltd IPO

Open SME BSE SME Bookbuilding IPO
Min Investment
₹2,40,000
1600 shares · 1 lot

Amtech Esters Ltd IPO is priced at ₹71–₹75 per share with an issue size of ₹18 crore. The IPO opens on Sep 09, 2026 and closes on Sep 11, 2026, with a lot size of 1,600 shares and a minimum investment of ₹2,40,000.

Open
09 Sep
Close
11 Sep
Allotment
15 Sep
Refund
16 Sep
Listing
17 Sep

Market Sentiment

Grey Market Premium

Full history →
+₹5.00 +6.7%
Est. listing: ₹80
Updated 09 Sep 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹71.00 - ₹75.00 per share
Lot Size1600 shares
Min Investment₹2,40,000
Total Issue Size ₹18.00 crore
Shares Offered23,84,000
Issue Structure Fresh Issue
Issue TypeBookbuilding IPO
Lead Manager(s)Credora Partners Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.
Listing AtBSE SME

Quick Profit Calculator

Issue price ₹75 · lot size 1600 shares · estimated listing price ₹80 (GMP +₹5)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 1,600 ₹1,20,000 ₹1,28,000 +₹8,000
S-HNI (Min) 2 3,200 ₹2,40,000 ₹2,56,000 +₹16,000
S-HNI (UPI limit) 4 6,400 ₹4,80,000 ₹5,12,000 +₹32,000
S-HNI (Max) 8 12,800 ₹9,60,000 ₹10,24,000 +₹64,000
B-HNI (Min) 9 14,400 ₹10,80,000 ₹11,52,000 +₹72,000
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹6.55
RoNW
24.17%
RoCE
30.16%
Net Worth
₹19.58 Cr
MetricLatest Reported
Total Income₹40.75 Cr
Profit After Tax₹4.22 Cr
Net Worth₹19.58 Cr

Promoters & Holding

Promoters: Ajit Singh Bawa, Gurpreet Kaur Bawa, Meenakshi Sharma

Promoter Holding (Pre-Issue)62.35%
Promoter Holding (Post-Issue)45.52%

Strengths & Risks

Strengths

  • ISO 9001:2015 certified manufacturing processes.
  • Diversified product portfolio catering to a broad customer base.
  • Integrated sourcing solutions across the resin and FRP value chain.
  • Strong quality assurance supported by R&D and quality control capabilities.
  • Modern manufacturing facilities equipped with automated plant and machinery.
  • Synergistic operations with its wholly owned subsidiary, Croda Pigments Private Limited.
  • Experienced Promoter and senior management supported by a knowledgeable sales team.

Risks & Concerns

  • Dependence on the performance of the subsidiary, Croda Pigments Private Limited.
  • Fluctuations in raw material prices may impact profitability.
  • Competition from other manufacturers in the chemical industry.
  • Regulatory changes affecting the chemical manufacturing sector.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

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.

Converted into a public limited company in December 2023.

Founded2002-05-01
HeadquartersBahadurgarh, Jhajjar, Haryana
IndustryChemical Manufacturing
Websitehttps://www.amtechesters.com/

Objects of the Issue

  • 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

Registrar & Allotment

RegistrarMaashitla Securities Pvt.Ltd.
Phone011-45121795
Email[email protected]

Resources & Documents

Frequently Asked Questions

12 answers about Amtech Esters Ltd IPO — dates, pricing, allotment and listing.

Amtech Esters Ltd IPO is a bookbuilding ipo of ₹18 crore. The issue is priced at ₹71–₹75 per share, with a lot size of 1,600 shares. Bidding opens on Wed, 09 Sep 2026 and closes on Fri, 11 Sep 2026, with shares to be listed on BSE SME.

The price band is ₹71–₹75 per share.

One lot is 1,600 shares. Bids must be placed in multiples of 1,600.

A retail investor needs at least ₹2,40,000 – one lot of 1,600 shares at ₹75, the upper end of the price band.

Amtech Esters Ltd IPO opens on Wed, 09 Sep 2026 and closes on Fri, 11 Sep 2026.

Allotment is expected to be finalised on Tue, 15 Sep 2026.

Amtech Esters Ltd shares are expected to list on Thu, 17 Sep 2026 on BSE SME.

The company intends to use the net proceeds towards 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 and funding inorganic growth through unidentified acquisitions and general corporate purposes.

Credora Partners Pvt.Ltd. is the book running lead manager. Maashitla Securities Pvt.Ltd is the registrar to the issue.

Apply online through your broker using UPI, or through your bank's net banking using ASBA. Select Amtech Esters Ltd IPO, enter a quantity in multiples of 1,600 along with your bid price, submit the application, then approve the UPI mandate in your payment app before the cut-off time.

Category-wise demand from retail, NII and QIB bidders is on the Amtech Esters Ltd IPO subscription page, and on the BSE and NSE websites.

From Tue, 15 Sep 2026, check the Amtech Esters Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.