Amtech Esters

LIVE

IPO Date: 9 Sept - 11 Sept 2026

Listing Date: 17 Sept 2026

Price Range

Rs.71 - Rs.75

Issue Size

18 Cr

Min Investment

₹2,27,200

2 lots minimum (SEBI rule for SME)

Min Application

3200 Shares

1600 per lot × 2

View IPO Document

Schedule of Amtech Esters

Issue open date

9 Sept 2026

Issue close date

11 Sept 2026

UPI mandate deadline

11 Sept 2026 (5 PM)

Allotment finalization

15 Sept 2026

Share credit

16 Sept 2026

Listing date

17 Sept 2026

Mandate end date

26 Sept 2026

Issue size

Funds Raised in the IPO	Amount
Overall	18 Cr
Fresh Issue	17.88 Cr
Offer for Sale	0 Cr

Allotment Details^New

Allotment Timeline	Details
Allotment Date	15 Sept 2026
Allotment Link	{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

Date	IPO Price	GMP	Est. Listing Price
8 Sept 2026Latest	₹75	₹7	₹82(+9.33%)
7 Sept 2026	₹75	₹7	₹82(+9.33%)
6 Sept 2026	₹75	₹5	₹80(+6.67%)
5 Sept 2026	₹75	₹5	₹80(+6.67%)
4 Sept 2026	₹75	₹5	₹80(+6.67%)
3 Sept 2026	₹75	₹0	₹75(0%)
2 Sept 2026	₹75	₹0	₹75(0%)

Performance Amtech Esters

Issue Price	Listing Gain	Current Market Price	P/L
Rs.71 - Rs.75	....	....	....

About Amtech Esters

Amtech Esters Limited is a B2B manufacturer of unsaturated polyester resins (UPRs) and also trades in complementary products used in resin and fibre-reinforced plastic (FRP) applications. Its product portfolio includes different grades of UPRs, fibreglass products, hardeners, silicones, and ancillary products. Through its wholly owned subsidiary, Croda Pigments Pvt Ltd (CPPL), the company also manufactures pigments used as colourants and additives in industrial and household applications. The company’s products are used across industries, including automotive, electrical and switchgear, fashion and apparel accessories, decorative products, and other industrial applications. Amtech operates manufacturing facilities in Bahadurgarh, Haryana. Its UPR manufacturing facility has an installed capacity of 2,960 MTPA, while CPPL’s pigment manufacturing facility has an installed capacity of 382.20 MTPA as of March 31, 2026. Use of proceeds: The IPO is a fresh issue of shares. So, the net proceeds from the fresh issue will go to the company and will be utilised for the following purposes: Investment in its wholly owned subsidiary, Croda Pigments Pvt Ltd, by way of debt — Rs 8.81 crore a. Towards capital expenditure requirements of the wholly owned subsidiary b. To meet the incremental working capital requirements of the wholly owned subsidiary Repayment or prepayment, in full or in part, of certain borrowings availed by the company — Rs 3.98 crore Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Founded in	2002
Managing director	Mr. Ajit Singh Bawa
Parent organization

Financial Overview

Strengths

1
Broad product portfolio of unsaturated polyester resins and complementary chemicals.
2
Established a vertically integrated business model with its subsidiary Croda Pigments.
3
Upcoming capacity expansion with a new manufacturing facility in Asoda, Haryana.
4
Strong quality assurance ensures consistent and standardized product excellence.
5
Experienced promoter group and senior management with deep industry expertise.

Risks

1
High revenue dependence on unsaturated polyester resins exposes the business to concentration risk.
2
Operations are heavily concentrated in a single geographical region in Haryana.
3
Subject to stringent environmental and safety regulations regarding hazardous chemicals.
4
Delays in the subsidiary’s capital expenditure plans could adversely impact expected financial growth.
5
Any inability to generate adequate demand for the new Asoda facility may affect profitability.

Subscription Figures

Category	Subscription (No. of times)
Qualified Institutional Buyers (QIBs)	1
Non-Institutional Investors (NIIs)	1.58
Retail Individual Investors (RIIs)	0.79
Employee	N/A
Total	1.06