care@investkraft.com
+91-9599071040
+91-9797971876
Download RHP
Latest GMP
- Lead Manager
- Credora Partners Private Limited
- IPO Registrar
- Maashitla Securities Private Limited
- IPO Open Date
- 9th Sep 2026
- IPO Close Date
- 11th Sep 2026
- Allotment date
- 15th Sep 2026
- Listing date
- 17th Sep 2026
- Issue Size
- ₹ 18 Cr.
- Issue Price Band
- ₹ 71 to 75
- Lot Size
- 1600 Share
- Minimum Investment
- ₹ 240000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Amtech Esters Limited
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.
Product Portfolio
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.
Subsidiary
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.
Research, Quality & Certifications
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.
Manufacturing Facilities
The Company operates manufacturing facilities at Bahadurgarh, Jhajjar, Haryana, equipped with modern and automated plant and machinery.
Workforce
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.
Competitive 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 4,52,800 (26.52%) | 68,22,400 | 15.07 |
| NII | 4,60,800 (26.99%) | 1,11,36,000 | 24.17 |
| bNII (> ₹10L) | 2,30,400 (13.50%) | 78,67,200 | 34.15 |
| sNII (< ₹10L) | 1,10,400 (6.47%) | 32,68,800 | 29.61 |
| Retail | 7,93,600 (46.49%) | 2,29,56,800 | 28.93 |
| Total | 17,07,200 (100.00%) | 4,09,15,200 | 23.97 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 12-09-2026 | ₹75 | ₹7 | ₹82 ( 9.33% ) | ₹11,200.00 | 12-Sep-2026 10:15 AM |
| 11-09-2026 | ₹75 | ₹7 | ₹82 ( 9.33% ) | ₹11,200.00 | 11-Sep-2026 02:39 PM |
| 10-09-2026 | ₹75 | ₹11 | ₹86 ( 14.67% ) | ₹17,600.00 | 10-Sep-2026 10:12 AM |
| 09-09-2026 | ₹75 | ₹7 | ₹82 ( 9.33% ) | ₹11,200.00 | 09-Sep-2026 10:19 AM |
| 07-09-2026 | ₹75 | ₹5 | ₹80 ( 6.67% ) | ₹8,000.00 | 07-Sep-2026 12:25 PM |
Financials of Amtech Esters Limited
A quick overview of the key financial performance of Amtech Esters Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 10%, Profit after Tax (PAT) increased by 13%, Total Assets increased by 24% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 24.60 | 36.89 | 40.67 |
| Assets | 24.79 | 27.86 | 34.47 |
| Total Income | 27.24 | 36.97 | 40.75 |
| Profit After Tax | 2.84 | 3.72 | 4.22 |
| EBITDA | 1.65 | 6.50 | 7.49 |
| Net Worth | 11.64 | 15.36 | 19.58 |
| Reserves & Surplus | 8.41 | 12.14 | 13.14 |
| Total Borrowings | 4.49 | 3.99 | 3.41 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
3,200
₹ 2,40,000
Individual Investors (IND) (Max)
2
3,200
₹ 2,40,000
S-HNI (Min)
3
4,800
₹ 3,60,000
S-HNI (Max)
8
12,800
₹ 9,60,000
B-HNI (Min)
9
14,400
₹ 10,80,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 3,200 | ₹ 2,40,000 |
| Individual Investors (IND) (Max) | 2 | 3,200 | ₹ 2,40,000 |
| S-HNI (Min) | 3 | 4,800 | ₹ 3,60,000 |
| S-HNI (Max) | 8 | 12,800 | ₹ 9,60,000 |
| B-HNI (Min) | 9 | 14,400 | ₹ 10,80,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 24.17 |
| ROCE (%) | 30.16 |
| Debt / Equity | 0.17 |
| RoNW (%) | 24.17 |
| PAT Margin (%) | 10.38 |
| EBITDA Margin (%) | 18.41 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
6.55
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
49.69
36.27
|
IPO Lead Manager(s)
Lead Manager Details
- Credora Partners Private Limited
- Contact Person: Pankaj Kumar Pasi
- SEBI Registration Number: INM000013411
- Investor Grievance Email: investors@credorapartners.com
- Website: https://www.credorapartners.com
- Email: info@credorapartners.com
- Phone: +91-124-4293471
- Address: 6th Floor, B-Wing, GSC Tower, Sector-30, Gurgaon, Haryana - 122001, India
IPO Registrar
- Registrar Name
- Maashitla Securities Private Limited
- ipo@maashitla.com
- Phone
- 011-47581432
- Contact Person
- Mukul Agrawal
- SEBI Registration Number
- INR000004370
- Address
- 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi-110034
- Website
- https://maashitla.com/
Company Contact Details
- Company Name
- Amtech Esters Limited
- info@amtechesters.com
- Phone
- 011-49044111
- Contact Person
- Anjali Bansal
- Corporate Identity Number
- U24129DL2002PLC115465
- Address
- Flat No. 102, Plot No. A-3, Magnum House 1, Commercial Complex, Karam Pura, New Delhi - 110015, India
- Website
- https://www.amtechesters.com/
Amtech Esters Limited FAQs
