Amtech Esters IPO open date is September 9, 2026 and the IPO will close on September 11, 2026. Amtech Esters IPO is a Book built Issue. The company to raise around ₹17.88 crores via IPO that comprises fresh issue of ₹17.88 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Amtech Esters IPO price band is ₹71 to ₹75 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Amtech Esters IPO to list on BSE SME on September 17, 2026. The allotment of Amtech Esters IPO date is September 15, 2026.
The company reported revenue of ₹40.75 crores in 2026 against ₹36.97 crores in 2025. The company reported profit of ₹4.22 crores in 2026 against profit of ₹3.72 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
The Amtech Esters SME IPO is a book-built SME public issue opening for subscription from September 9 to September 11, 2026. The company is offering up to 23.84 lakh equity shares at a price band of ₹71 to ₹75 per share. The shares are proposed to be listed on the BSE SME platform on September 17, 2026.
Amtech Esters IPO – Key Details
| Particulars | Details |
|---|---|
| Company Name | Amtech Esters Limited |
| IPO Type | SME IPO |
| Issue Type | Book Building |
| Issue Size | ₹17.88 crore |
| Price Band | ₹71 – ₹75 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Minimum Investment | ₹1,20,000 |
| IPO Opening Date | September 9, 2026 |
| IPO Closing Date | September 11, 2026 |
| Allotment Date | September 15, 2026 |
| Refund/Share Credit | September 16, 2026 |
| Listing Date | September 17, 2026 |
| Listing Platform | BSE SME |
At the upper price band of ₹75, one lot of 1,600 shares requires an application amount of ₹1.20 lakh.
Last updated on 10-Sep-2026 13:52:21
| Subscription Details (No. of Shares) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 452800 | 452800 | 1 |
| HNIs | 340800 | 1035200 | 3.04 |
| bHNI | 227200 | 868800 | 3.82 |
| sHNI | 113600 | 166400 | 1.46 |
| Individual | 793600 | 1920000 | 2.42 |
| Total | 1587200 | 3408000 | 2.15 |
Application-Wise Breakup | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 47 | 23 | 0.49 |
| HNIs (3-10L) | 24 | 32 | 1.33 |
| Individual | 248 | 600 | 2.42 |
| 7% | 8% | 9% | 10% | 11% | 12% |
|---|---|---|---|---|---|
| ₹0.1 | ₹0.1 | ₹0.1 | ₹0.1 | ₹0.2 | ₹0.2 |
Day-wise Subscription (times)
| Category | Day 1 | Day 2 |
|---|---|---|
| QIBs | 1 | 1 |
| HNIs | 2.14 | 3.04 |
| bHNI | 3.06 | 3.82 |
| sHNI | 0.3 | 1.46 |
| Individual | 0.79 | 2.42 |
| Total | 1.14 | 2.15 |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 3200 | 240000 | 248 |
| sHNI | 3 | 4800 | 360000 | 24 |
| bHNI | 9 | 14400 | 1080000 | 47 |
Share Reservation
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 24.17% | 27.58% | 27.94% |
| EPS (BASIC) | 6.55 | 5.78 | 4.40 |
| P/E PRE IPO | 11.45 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| 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 |
Peer Comparision
There are no listed peers operating in this industry.
About company
Incorporated in May 2002, Amtech Esters Limited is a B2B chemical manufacturing company engaged in the manufacturing of 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 Unsaturated Polyester Resins, fibreglass, hardeners, silicones, and other ancillary products. By offering complementary products alongside its manufactured UPRs, the company provides customers with an integrated sourcing solution covering resins, reinforcement, curing, finishing, and application-specific consumables.
The company also operates through its wholly owned subsidiary, Croda Pigments Private Limited (CPPL), which manufactures pigments used as colourants and additives in paints, varnishes, dyes, glues, gums, and other chemical applications.
Amtech Esters has established Research & Development and Quality Control departments supporting product development, process improvement, and quality consistency. It holds ISO 9001:2015 certification and operates a modern and automated manufacturing facility at Bahadurgarh, Jhajjar, Haryana.
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.
About Amtech Esters Limited
Amtech Esters Limited was incorporated in 2002 and was originally established as Amtech Esters Private Limited. The company was converted into a public limited company in December 2023.
The company manufactures unsaturated polyester resins and operates from its manufacturing facility in Bahadurgarh, Haryana. Its product portfolio includes different grades of unsaturated polyester resins, while it also trades products such as hardeners, silicone products and other related materials.
Through its wholly owned subsidiary Croda Pigments Private Limited, the company is also involved in the manufacturing of industrial pigments.
Amtech Esters IPO Issue Size
The Amtech Esters IPO comprises up to 23.84 lakh equity shares and is expected to raise approximately ₹16.93 crore to ₹17.88 crore, depending on the final issue price. The price band has been fixed at ₹71–₹75 per share.
The issue includes a market-maker reservation portion of 1.20 lakh shares, according to the issue details.
Amtech Esters IPO Objective
The company plans to use the IPO proceeds for several corporate purposes, including investment in its wholly owned subsidiary Croda Pigments Private Limited.
The proposed use of funds includes:
- Investment in the subsidiary through debt
- Capital expenditure requirements of the subsidiary
- Meeting incremental working capital requirements
- Repayment or prepayment of certain borrowings
- Funding inorganic growth through potential acquisitions
- General corporate purposes
Amtech Esters IPO GMP
The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment and is not regulated by stock exchanges or SEBI.
Recent market data has indicated a positive GMP for Amtech Esters, although GMP can change rapidly before listing. Investors should therefore avoid treating GMP as a guaranteed listing gain or as the sole basis for an IPO investment decision.
Amtech Esters IPO Subscription
The IPO opened for subscription on September 9, 2026 and will close on September 11, 2026.
Early subscription data showed demand across investor categories, with the overall issue receiving subscription during the opening session. Subscription numbers can change substantially during the remaining bidding period.
Amtech Esters IPO Strengths
1. Established Manufacturing Business
Amtech Esters has been operating since 2002 and has experience in the manufacturing of unsaturated polyester resins.
2. Diversified Product Portfolio
The company manufactures multiple grades of unsaturated polyester resins and is also involved in trading complementary chemical products.
3. Subsidiary Expansion
The company plans to invest in its wholly owned subsidiary, Croda Pigments Private Limited, for capital expenditure and working capital requirements.
4. Chemical Industry Exposure
Amtech Esters operates in a segment of the chemical industry that serves various industrial applications, giving the company exposure to manufacturing and industrial demand.
Risks to Consider
Investors should also consider the risks associated with SME IPOs and the company's business.
The chemical manufacturing industry can be affected by raw-material prices, competition, economic cycles and changes in customer demand. The company's future growth will also depend on successfully deploying IPO proceeds, managing borrowings and expanding its subsidiary operations.
SME-listed shares may also have lower liquidity than larger mainboard companies, which can result in higher price volatility.
Amtech Esters IPO Allotment and Listing Date
The tentative IPO allotment date is September 15, 2026. Refund initiation and share credit are expected on September 16, while the shares are scheduled to list on September 17, 2026.
Should You Invest in Amtech Esters IPO?
Amtech Esters offers investors exposure to a chemical manufacturing business with operations in unsaturated polyester resins and industrial pigments.
However, investors should evaluate the company's financial performance, valuation, industry risks, liquidity and future growth prospects before investing. GMP should not be considered a substitute for fundamental analysis.
Conclusion
The Amtech Esters SME IPO has a price band of ₹71–₹75 per share, a lot size of 1,600 shares, and an issue size of approximately ₹17.88 crore. The IPO opens on September 9 and closes on September 11, 2026, with listing scheduled for September 17.
With its established manufacturing operations and planned investment in Croda Pigments, the company may attract investors interested in the chemical manufacturing sector. Nevertheless, investors should carefully read the company's offer documents and assess the risks before applying.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice. IPO dates, GMP and subscription figures may change. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.
Peer Group Comparison
- There are no listed peers operating in this industry.
IPO Lead Managers aka Merchant Bankers
- Credora Partners Pvt.Ltd.
Company Address
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
Phone: 011-49044111
Email: info@amtechesters.com
Website: https://www.amtechesters.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: 011-45121795
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Amtech Esters IPO FAQs
What is Amtech Esters IPO?
Amtech Esters IPO is SME IPO. The company is going to raise ₹17.88 Crores via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on BSE SME.
When Amtech Esters IPO will open for subscription?
The IPO is to open on September 9, 2026 for QIB, NII, and Retail Investors. The IPO will close on September 11, 2026.
What is Amtech Esters IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Amtech Esters IPO?
You can apply for Amtech Esters IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Amtech Esters IPO Issue Size?
Amtech Esters IPO issue size is ₹17.88 crores.
What is Amtech Esters IPO Price Band?
Amtech Esters IPO Price Band is ₹71 to ₹75.
What is Amtech Esters IPO Lot Size?
The minimum bid is 3200 Shares with ₹2,40,000 amount.
What is the Amtech Esters IPO Allotment Date?
Amtech Esters IPO allotment date is September 15, 2026.
What is the Amtech Esters IPO Listing Date?
Amtech Esters IPO listing date is September 17, 2026. The IPO is to list on BSE SME