Amtech Esters IPO
Amtech Esters, founded in May 2002, is one of the leading chemical manufacturing firms that manufactures Unsaturated Polyester Resins (UPRs). This chemical is used to make materials such as resin and fiberglass-reinforced plastic (FRP) products. The company’s product portfolio includes Unsaturated Polyester Resins, fibreglass, hardeners, silicones and other ancillary products used in various industrial applications.
IPO GMP
+₹16
+21% expected gain
Price Band
₹75
Lot Size
3200 shares
Min Investment
₹2,40,000
Listing Date
September 17, 2026
About Amtech Esters
Company overview, business, and key facts.
Amtech Esters, founded in May 2002, is one of the leading chemical manufacturing firms that manufactures Unsaturated Polyester Resins (UPRs). This chemical is used to make materials such as resin and fiberglass-reinforced plastic (FRP) products. The company’s product portfolio includes Unsaturated Polyester Resins, fibreglass, hardeners, silicones and other ancillary products used in various industrial applications.
Amtech Esters also operates its business through its wholly owned subsidiary, Croda Pigments Private Limited (CPPL), which is involved in the manufacture of pigments used as colourants and additives in paints, varnishes, dyes, glues, gums and other chemical applications. Its manufacturing facilities are situated in Bahadurgarh, Jhajjar, Haryana, which comprises modern and automated plant and machinery.
Founded
2002
Headquarters
New Delhi
Promoters
Ajit Singh Bawa, Gurpreet Kaur Bawa, Meenakshi Sharma
Website
https://www.amtechesters.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Amtech Esters IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹66.2 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
15.7x
Price to sales
1.62x
Revenue growth, 2026
+10.2%
22.3% a year over the period
Profit growth, 2026
+13.4%
21.9% a year over the period
Profit margin (PAT)
10.4%
EBITDA margin 18.41%
ROE / ROCE
24.17% / 30.16%
As published in the offer document
Debt to equity
0.17
Promoter holding
62.35% → 45.52%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹51,200
3200 shares on ₹2,40,000. GMP is unofficial.
What stands out
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
- Promoter holding drops to 45.52% after the IPO.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Amtech Esters's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Amtech Esters IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Amtech Esters IPO is trading at a grey market premium (GMP) of +₹16 (+21% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 13.67x overall — QIB: 9.77x, NII: 12.82x, Retail: 16.4x.
Amtech Esters IPO subscription has closed. The shares are expected to list on September 17, 2026.
The minimum investment required is ₹2,40,000 for 3200 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Amtech Esters IPO — Frequently Asked Questions
What is Amtech Esters IPO GMP today?
Amtech Esters IPO GMP (grey market premium) today is +₹16, suggesting an estimated listing gain of +21%. GMP is indicative and subject to change.
What is the price band of Amtech Esters IPO?
The price band for Amtech Esters IPO is ₹75 with a lot size of 3200 shares. The minimum investment required is ₹2,40,000.
When is Amtech Esters IPO allotment date?
Amtech Esters IPO allotment is expected to be finalised on September 15, 2026. You can check your allotment status on the registrar's website (Maashitla Securities Pvt.Ltd.) using your PAN number.
When will Amtech Esters IPO list on NSE/BSE?
Amtech Esters IPO is expected to list on BSE SME on September 17, 2026.
How to check Amtech Esters IPO allotment status?
To check Amtech Esters IPO allotment status, visit the registrar's website (Maashitla Securities Pvt.Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Amtech Esters IPO?
Amtech Esters IPO has a GMP of +₹16. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Amtech Esters IPO?
The lot size for Amtech Esters IPO is 3200 shares per lot. The minimum investment for retail investors is ₹2,40,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.