Amtech Esters Limited
Bookbuilding IPO · BSE
- Price band
- ₹71–75
- Lot size
- 1,600 shares
- Issue amount
- ₹17.88 cr
- Total subscription
- 25.78×
- Opens
- 9 Sept 2026
- Closes
- 11 Sept 2026
- Allotment
- 15 Sept 2026
- Listing
- 17 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 23,84,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹17.88 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 64,45,168
- Shares after issue
- 88,29,168
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,40,000 |
| sHNI | 3 | 4,800 | ₹3,60,000 |
| bHNI | 9 | 14,400 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 11 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 248 | 7,174 |
| HNIs(10L +) | 47 | 506 |
| HNIs (2-10L) | 24 | 646 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.4 | 51.17 |
| RETAIL | 5.95 | 172.18 |
| HNIs 2+ | 0.85 | 24.52 |
| HNIs 10+ | 1.7 | 58.1 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 6.55 | 5.78 | 4.4 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 24.17 | 27.58 | 27.94 |
| PRE IPO(PE) | 11.45 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Amtech Esters Limited, incorporated in May 2002, is a B2B chemical manufacturing company engaged in producing Unsaturated Polyester Resins (UPRs) and trading 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. Its product portfolio includes UPRs, fibreglass, hardeners, silicones and other ancillary products, allowing it to provide customers with an integrated sourcing solution covering resins, reinforcement, curing, finishing and application-specific requirements. Through its wholly owned subsidiary, Croda Pigments Private Limited, the Company also manufactures pigments used in paints, varnishes, dyes, glues, gums and other chemical applications. Amtech Esters has dedicated Research & Development and Quality Control departments and holds ISO 9001:2015 certification, supporting product quality and process consistency. The Company operates a modern and automated manufacturing facility in Bahadurgarh, Jhajjar, Haryana. As of March 31, 2026, it had 60 employees across production, sales and marketing, quality control, packaging and dispatch, finance, legal, human resources and management functions.
Strengths
- ISO-Certified Manufacturing: The company’s manufacturing processes are ISO 9001:2015 certified, supporting consistent quality and standardized production practices.
- Diversified Product Portfolio: Amtech Esters offers UPRs along with fibreglass, hardeners, silicones, pigments and other related products, allowing it to serve a wide range of industrial requirements.
- Integrated Sourcing Solution: By offering UPRs along with complementary products, the company provides customers with a convenient, one-stop sourcing solution for resin and FRP-related products.
Risk factors
- Dependence on UPRs: A significant share of the company’s revenue comes from Unsaturated Polyester Resins (UPRs). Changes in demand, pricing, raw material availability or other market factors could negatively affect revenue and financial performance.
- Manufacturing Concentration Risk: Most revenue comes from the manufacturing business, with all manufacturing facilities located in Haryana. Any disruption, slowdown or shutdown could affect business operations, cash flow and financial performance.
- Manpower Dependence: The company’s operations require a large workforce and depend on retaining skilled employees. High employee turnover or difficulty in hiring could disrupt operations and affect financial performance.
Promoters
Ajit Singh Bawa
Gurpreet Kaur Bawa
Meenakshi Sharma
Registrar & documents
Lead manager
Credora Partners Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Flat No. 102, Plot No. A – 3, Magnum House 1, Commercial Complex, Karam Pura, West Delhi, New Delhi, 110015
011-49044111
[email protected]Company website ↗Understanding AMTECH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.