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Opens
9 Sept 2026
Closes
11 Sept 2026
Allotment
15 Sept 2026
Listing
17 Sept 2026
At a glance
IPO Open Wed, Sep 9, 2026 IPO Close Fri, Sep 11, 2026 Price Band To be declared Market Cap To be declared IPO Details IPO Date 9 to 11 Sep, 2026 Listing Date Thu, Sep 17, 2026 T Face Value ₹ 10 per share Price Band Sale Type Fresh capital only Issue Type Bookbuilding IPO Listing At BSE SME Total Issue Size 23,84,000 shares (agg. up to ₹ [.] Cr) Reserved for Market Maker 1,20,000 shares (agg. up to ₹ [.] Cr) Nikunj Stock Brokers Ltd. Fresh Issue (Ex Market Maker) 22,64,000 shares (agg. up to ₹ [.] Cr) Net Offered to Public 22,64,000 shares (agg. up to ₹ [.] Cr) Share Holding Pre Issue 64,45,168 shares Share Holding Post Issue 88,29,168 shares IPO Timetable (Tentative) IPO Open Wed, Sep 9, 2026 IPO Close Fri, Sep 11, 2026 Allotment Tue, Sep 15, 2026 Refund Wed, Sep 16, 2026 Credit of Shares Wed, Sep 16, 2026 Listing Thu, Sep 17, 2026 IPOs Timetable Issue Reservation Amtech Esters IPO comprises a total issue size of 23,84,000 shares. The net offer to the public is 22,64,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 11,29,600 (49.89%) are allocated to QIB , 3,40,800 (15.05%) allocated to NII 7,93,600 (35.05%) allocated to RII . Investor Category Shares % of Net Issue % of Total Issue QIB 11,29,600 49.89% 47.38% − Anchor Investor 6,76,800 28.39% − QIB (Ex. Anchor) 4,52,800 18.99% NII (HNI) 3,40,800 15.05% 14.30% − bNII > ₹10L 2,27,200 9.53% − sNII 1,13,600 4.77% Retail 7,93,600 35.05% 33.29% Firm Reservations Market Maker 1,20,000 5.03% Total 23,84,000 100.00% 100.00% About Amtech Esters Ltd. Updated on Sep 2, 2026 Incorporated in May 2002, 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 was originally incorporated as Amtech Esters Private Limited and was subsequently converted into a public limited company in December 2023.
The Company's product portfolio includes Unsaturated Polyester Resins, fibreglass, hardeners, silicones and other ancillary products used in various industrial applications. By offering complementary products alongside its manufactured UPRs, the Company provides customers with an integrated sourcing solution catering to requirements ranging from base resins and reinforcement to curing, finishing and application-specific consumables.
Overview
Amtech Esters IPO is a book build issue of 23.84 lakh shares. The issue is entirely a fresh issue of shares.
Amtech Esters IPO opens for subscription on Sep 9, 2026 and closes on Sep 11, 2026. The allotment for the Amtech Esters IPO is expected to be finalized on Sep 15, 2026. Amtech Esters IPO will list on the BSE SME with a tentative listing date fixed as Sep 17, 2026.
Amtech Esters IPO is set issue price band at [.] to [.] per share.
Credora Partners Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd.
Refer to Amtech Esters IPO RHP for detailed Information.
Issue details
IPO Date
9 to 11 Sep, 2026
Listing Date
Thu, Sep 17, 2026T
Face Value
₹10 per share
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Issue reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 11,29,600 | 49.89% | 47.38% |
| − Anchor Investor | 6,76,800 | 28.39% | |
| − QIB (Ex. Anchor) | 4,52,800 | 18.99% | |
| NII (HNI) | 3,40,800 | 15.05% | 14.30% |
| − bNII > ₹10L | 2,27,200 | 9.53% | |
| − sNII < ₹10L | 1,13,600 | 4.77% | |
| Retail | 7,93,600 | 35.05% | 33.29% |
| Firm Reservations | |||
| Market Maker | 1,20,000 | 5.03% | |
| Total | 23,84,000 | 100.00% | 100.00% |
About the company
Incorporated in May 2002, 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 was originally incorporated as Amtech Esters Private Limited and was subsequently converted into a public limited company in December 2023.
The Company's product portfolio includes Unsaturated Polyester Resins, fibreglass, hardeners, silicones and other ancillary products used in various industrial applications. By offering complementary products alongside its manufactured UPRs, the Company provides customers with an integrated sourcing solution catering to requirements ranging from base resins and reinforcement to curing, finishing and application-specific consumables.
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 subsidiary complements and expands the Company's overall product portfolio and operations.
Amtech Esters has established Research & Development and Quality Control departments to support product development, process improvement and quality consistency. The Company holds ISO 9001:2015 certification, reflecting its focus on maintaining standardized quality control processes.
The Company operates manufacturing facilities at Bahadurgarh, Jhajjar, Haryana, equipped with modern and automated plant and machinery.
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.
- 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.
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 24.17% | 27.58% |
| ROCE | 30.16% | 35.10% |
| Debt/Equity | 0.17 | 0.26 |
| RoNW | 24.17% | 27.58% |
| PAT Margin | 10.28% | 10.09% |
| EBITDA Margin | 18.41% | 17.63% |
| NAV | 30.38 | 23.83 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
6.55
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 62.35% | 45.52% |
| Public | 37.65% | 54.48% |
| Total | 100% | 100% |
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
Intermediaries
Registrar
Maashitla Securities Pvt.Ltd.
Lead manager(s)
Credora Partners Pvt.Ltd.
FAQs
How to apply in Amtech Esters IPO through Zerodha?+
Zerodha customers can apply online in Amtech Esters IPO using UPI as a payment gateway. Zerodha customers can apply in Amtech Esters IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Amtech Esters IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Amtech Esters IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Amtech Esters IPO will open?+
The Amtech Esters IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026.
What is the lot size of Amtech Esters IPO?+
Amtech Esters IPO lot size and the minimum order quantity is not available at this time. Please check again later.
How to apply for Amtech Esters IPO?+
You can apply in Amtech Esters IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Amtech Esters IPO allotment?+
The finalization of Basis of Allotment for Amtech Esters IPO will be done on Tuesday, September 15, 2026 , and the allotted shares will be credited to your demat account by Wed, Sep 16, 2026 . Check the Amtech Esters IPO allotment status .
When is Amtech Esters IPO listing date ?+
The Amtech Esters IPO listing date is not yet announced. The tentative date of listing is Thu, Sep 17, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.