Amtech Esters Limited

SMElistedBSE SME

09 Sep 2026 – 11 Sep 2026

LISTED

Offer Price

₹71–75

Bid lot

1600

Min Application

₹2,40,000

Issue Size

₹18 Cr

Key dates

Open date

09 Sep 2026

Done

Close date

11 Sep 2026

Done

Basis of allotment

15 Sep 2026

Done

Initiation of refunds

15 Sep 2026

Done

Credit to demat

15 Sep 2026

Done

Listing date

17 Sep 2026

Done

Issue reservation

₹18 Cr

QIB 47.48%9.5%Retail 33.24%5.03%

QIB

11.3 L sh · ₹8.55 Cr

47.48%

HNI (10L+)

2.3 L sh · ₹1.71 Cr

9.5%

HNI (2-10L)

1.1 L sh · ₹85,50,000

4.75%

Retail

7.9 L sh · ₹5.98 Cr

33.24%

Market maker

1.2 L sh · ₹90,00,000

5.03%

Applications required for 1× subscription

Retail (≤₹2L)

248 forms

S-HNI (₹2–10L)

24 forms

B-HNI (>₹10L)

16 forms

From this issue's reservation split and lot size — the minimum bid each category can place.

BRLM: Credit Suisse Securities (India) Private Limited

Lot ladder — how much to bid

1 lot = 1600 shares

Individual · up to ₹2 L2+ lots

Min · 2 lots

3,200 sh · ₹2,40,000

Entry point

₹2,40,000 onward

sHNI · ₹2 L to ₹10 L3+ lots

Min · 3 lots

4,800 sh · ₹3,60,000

Entry point

₹3,60,000 onward

bHNI · Above ₹10 L9+ lots

Min · 9 lots

14,400 sh · ₹10,80,000

Entry point

₹10,80,000 onward

Issue details

Lead managersCredit Suisse Securities (India) Private Limited

Fresh issue23,84,000 sh · ₹18 Cr

Face value₹10

Listing onBSE SME

RegistrarMaashitla Securities Pvt.Ltd.

Grey-market sentiment

No grey-market data yet.

Financials

Particulars	FY26	FY25	FY24
Total Assets	34.47	27.86	24.79
Total Income	40.75	36.97	27.24
PAT	4.22	3.72	2.84
Net Worth	19.58	15.36	11.64
Reserves & Surplus	13.14	12.14	8.41
Total Borrowings	3.41	3.99	4.49

Objects of the issue

Investment in Subsidiary: ₹8.81 crore
Repayment of Borrowings: ₹3.98 crore
Inorganic Growth & General Corporate Purposes: ₹2.88 crore

About the company

Amtech Esters Limited, incorporated in May 2002 and converted into a public limited company in December 2023, is a B2B chemical manufacturer specializing in Unsaturated Polyester Resins (UPRs) and trading complementary products such as fibreglass, hardeners, silicones and other FRP-related materials.

Through its wholly owned subsidiary, Croda Pigments Private Limited, the Company also manufactures pigments for paints, varnishes, adhesives and other chemical applications.

The Company operates modern manufacturing facilities in Bahadurgarh, Jhajjar, Haryana, supported by dedicated R&D and Quality Control departments. It holds ISO 9001:2015 certification and had 60 employees as of March 31, 2026.

Company strengths

ISO 9001:2015-certified manufacturing processes.
Diversified product portfolio serving varied industries.
Integrated sourcing across the resin and FRP value chain.
Strong R&D and quality control capabilities.
Modern facilities with automated machinery.
Synergies through wholly owned subsidiary Croda Pigments Private Limited.
Experienced promoters, management and sales team.

Promoters

Ajit Singh BawaGurpreet Kaur BawaMeenakshi Sharma.

Registered office & contact

Amtech Esters Limited.

Address - Flat No. 102, Plot No. A – 3

Magnum House 1, Commercial Complex

Karam Pura

West Delhi, New Delhi, 110015

📞 011-49044111

✉️ info@amtechesters.com

How to apply

1Create your account & log inSign up on Investoyard and complete a quick KYC.

2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.

3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.

4Approve the UPI mandateYou receive a fund-block request on your UPI app.

5DoneFunds stay blocked until allotment, then auto-debited (or released).

Frequently asked questions

What is the minimum investment in the AMTECH ESTERS LIMITED IPO?

One lot of 1600 shares — ₹2,40,000 at the upper price band of ₹75.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-17 on BSE SME.

₹71–75

Applications are closed.