Amtech Esters IPO 2026: Date, Price Band, GMP, Allotment, Lot Size & Listing Details

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Amtech Esters Limited IPO
AE
Amtech Esters Limited IPO
B2B Chemical Manufacturing · Unsaturated Polyester Resins (UPR) · Pigments · FRP Solutions
📋 BSE SME IPO Fresh Issue Only BSE SME
₹75
Upper Price
₹17.88 Cr
Issue Size
Sep 17, 2026
Listing Date
₹48.34 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 9 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 11 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Tuesday, 15 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 16 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 17 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date9 September 2026 (Wed)
IPO Close Date11 September 2026 (Fri)
Listing Date17 September 2026 (Thu)
Face Value₹10 per share
Price Band₹71 to ₹75
Issue Price (Upper Band)₹75 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size1,600 shares
Total Issue Size23,84,000 shares (₹17.88 Cr)
Fresh Issue23,84,000 shares (₹17.88 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion1,20,000 shares (₹0.90 Cr)
Pre-Issue Shares64,45,168
Post-Issue Shares88,29,168
Promoter Holding (Pre)62.35%
Market Cap (Pre-IPO)₹48.34 Cr
Listing ExchangeBSE SME
Lead ManagerCredora Partners Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹75
Investor TypeLotsSharesAmount
Individual (Retail) — Min23,200₹2,40,000
Individual (Retail) — Max23,200₹2,40,000
S-HNI (sNII) — Min34,800₹3,60,000
S-HNI (sNII) — Max812,800₹9,60,000
B-HNI (bNII) — Min914,400₹10,80,000
⚠️ Note: Investors can bid for a minimum of 3,200 shares (2 lots) and in multiples of 1,600 shares thereafter. Market Maker reservation comprises 1,20,000 shares.
👥 Investor Reservation
Allocated portion of Net Offer
49.89% (11.30 L Sh)
QIB Portion
35.05% (7.94 L Sh)
Retail Portion
15.05% (3.41 L Sh)
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets34.4727.8624.79
Total Income40.7536.9727.24
PAT4.223.722.84
EBITDA7.496.501.65
Net Worth19.5815.3611.64
Reserves & Surplus13.1412.148.41
Total Borrowing3.413.994.49
Income Growth
FY 2023–24₹27.24 Cr
FY 2024–25₹36.97 Cr
FY 2025–26₹40.75 Cr
🎯 Key Performance Indicators
24.17%
ROE
FY 2025–26
0.17
Debt/Equity
FY 2025–26
30.16%
ROCE
FY 2025–26
10.28%
PAT Margin
FY 2025–26
18.41%
EBITDA Margin
FY 2025–26
24.17%
RoNW
FY 2025–26
2.47x
Price/Book
FY 2025–26
30.38
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹6.55
FY26 earnings + pre-issue shares
P/E: 11.45x
Post-IPO EPS
₹4.78
FY26 earnings + post-issue shares
P/E: 15.69x
Price to Book Value
2.47x
At upper price band ₹75
Market Cap (Pre-IPO)
₹48.34 Cr
At issue price ₹75
ℹ️ Pre-IPO EPS (₹6.55) based on pre-issue shares (64,45,168) and FY26 earnings. Post-IPO EPS (₹4.78) accounts for the dilution resulting from the issuance of 23,84,000 fresh equity shares extending the total post-issue equity to 88,29,168 shares. Post-IPO Market Cap expands to ₹66.22 Cr at the issue price of ₹75.
🎯 Objects of the Issue
Net proceeds utilisation
1
Investment in the subsidiary, namely Croda Pigments Private Limited, by way of debt towards capital expenditure requirements and incremental working capital
₹8.81 Cr
2
Repayment or prepayment, in full or in part, of certain borrowings availed by the Company
₹4.20 Cr
3
Funding inorganic growth through unidentified acquisitions and general corporate purposes
Balance
Total Fresh Issue Goal ₹17.88 Cr
🏢 About Amtech Esters Ltd.
Est. 2002 · New Delhi / Haryana · B2B Chemical Manufacturing

Amtech Esters Limited, incorporated in 2002, is an established B2B chemical manufacturing enterprise dedicated to producing high-quality Unsaturated Polyester Resins (UPRs). The company leverages an integrated operations model by pairing its core UPR manufacturing with robust trading operations for complementary products essential to the Fibre Reinforced Plastic (FRP) and resin value chain.

Operating out of a modern, automated manufacturing facility in Bahadurgarh, Haryana, Amtech Esters offers customers a streamlined sourcing solution. Their broad product portfolio encompasses fibreglass, hardeners, silicones, and diverse ancillary consumables used spanning curing, finishing, and application-specific industrial requirements. Furthermore, its wholly owned subsidiary, Croda Pigments Private Limited (CPPL), manufactures vital colourant and additive pigments deployed across paints, varnishes, dyes, and glues, enhancing the company’s synergistic product range and cross-selling capabilities. The company’s processes are strongly supported by in-house R&D and are rigorously ISO 9001:2015 certified.

Brand Ecosystem
⚗️
UPR Manufacturing
Core production of Unsaturated Polyester Resins engineered for high-performance industrial applications
🔧
Integrated Trading Solutions
Supplying complementary FRP value chain products like fibreglass, hardeners, and silicones
🎨
Croda Pigments (CPPL)
Wholly owned subsidiary producing specialized pigments for paints, varnishes, dyes, and glues
🔬
R&D & Quality Control
ISO 9001:2015 certified Bahadurgarh plant focusing heavily on standardizing process consistency
Competitive Strengths
🏆Diversified product portfolio offering integrated, one-stop sourcing solutions across the resin and FRP chains
⚙️Modern, heavily automated manufacturing infrastructure at Bahadurgarh supported by stringent quality assurance
🤝Highly synergistic operational framework utilizing the specialized pigment production capabilities of CPPL
📈Steady financial performance characterized by a 13% PAT increase and strong 30.16% ROCE in FY26
Company Promoters
AB
Ajit Singh Bawa, Gurpreet Kaur Bawa & Meenakshi Sharma
Promoters, Amtech Esters Ltd.
📅 Key Dates
IPO Opens09 Sep 2026
IPO Closes11 Sep 2026
Allotment15 Sep 2026
Refund & Share Credit16 Sep 2026
Listing Day17 Sep 2026
💡 Quick Summary
Price Band₹71 – ₹75
Upper Price₹75 / share
Lot Size1,600 shares
Min. Investment (Retail)₹2,40,000 (2 Lots)
Issue Size₹17.88 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Maashitla Securities Pvt.Ltd.
📞 011-45121795
[email protected]
Lead Manager
Credora Partners Pvt.Ltd.
📍 Registered Address
Amtech Esters Ltd.
Flat No. 102, Plot No. A – 3,
Magnum House 1, Commercial Complex,
Karam Pura, West Delhi, New Delhi — 110015
📞 011-49044111
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Amtech Esters IPO RHP for informational purposes only. This overview is strictly structured per the requested IPO NEW FORMAT. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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