Minimum Investment
About Company
Company Name: Amtech Esters Limited
Industry / Sector: Chemicals / Industrial Products
Founded Year: May 2002
Promoters: Ajit Singh Bawa, Gurpreet Kaur Bawa, Meenakshi Sharma
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. The Company's product portfolio includes Unsaturated Polyester Resins, fibreglass, hardeners, silicones and other ancillary products used in various industrial applications. The Company also operates through its wholly owned subsidiary, Croda Pigments Private Limited (CPPL), which is engaged in the manufacturing of pigments used as colourants and additives in paints, varnishes, dyes, glues, gums and other chemical applications. The Company holds ISO 9001:2015 certification and operates manufacturing facilities at Bahadurgarh, Jhajjar, Haryana. As of March 31, 2026, the Company had 60 employees.
IPO Basic Details
| Company Name | Amtech Esters Limited |
| IPO Type | SME IPO |
| Price Band | ₹71 – ₹75 |
| Lot Size | 1600 Shares |
| Total Issue Size | 23,84,000 Equity Shares (₹17.88 Cr) |
IPO 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
- Dependence on the chemical and industrial products sector
- Exposure to raw material price volatility
- Competition from other chemical manufacturers
- Customer concentration risk
- SME IPO with lower liquidity compared to mainboard listings
IPO Important Dates
| IPO Open Date | 09 Sep 2026 |
| IPO Close Date | 11 Sep 2026 |
| Basis of Allotment | 15 Sep 2026 |
| Refund Initiation | 16 Sep 2026 |
| Demat Credit Date | 16 Sep 2026 |
| Listing Date | 17 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | 49.89% of Net Offer (11,29,600 shares) |
| Retail Quota | 35.05% of Net Offer (7,93,600 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 3200 | ₹2,40,000 |
| Retail Maximum | 2 Lots | 3200 | ₹2,40,000 |
| S-HNI Minimum | 3 Lots | 4800 | ₹3,60,000 |
| S-HNI Maximum | 8 Lots | 12800 | ₹9,60,000 |
| B-HNI Minimum | 9 Lots | 14400 | ₹10,80,000 |
Key Performance Indicators (KPI)
| ROE | 24.17% (FY26), 27.58% (FY25) |
| ROCE | 30.16% (FY26), 35.10% (FY25) |
| RoNW | - |
| PAT Margin | 10.28% (FY26), 10.09% (FY25) |
| EBITDA Margin | 18.41% (FY26), 17.63% (FY25) |
| EPS | ₹6.55 (Pre-IPO), ₹4.78 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.17 (FY26), 0.26 (FY25) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹34.47 Cr | ₹40.75 Cr | ₹4.22 Cr | ₹7.49 Cr | ₹19.58 Cr | ₹3.41 Cr |
| FY2025 | ₹27.86 Cr | ₹36.97 Cr | ₹3.72 Cr | ₹6.50 Cr | ₹15.36 Cr | ₹3.99 Cr |
| FY2024 | ₹24.79 Cr | ₹27.24 Cr | ₹2.84 Cr | ₹1.65 Cr | ₹11.64 Cr | ₹4.49 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Maashitla Securities Pvt. Ltd.
Registrar Website: https://maashitla.com/
IPO Lead Manager(s)
Company Information
Address: Flat No. 102, Plot No. A – 3, Magnum House 1, Commercial Complex, Karam Pura, West Delhi, New Delhi - 110015
Website: https://www.amtechesters.com/
Email: info@amtechesters.com
Phone: 011-49044111
IPO Documents
Frequently Asked Questions (FAQ)
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