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IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital Only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    23,85,000 shares (agg. up to ₹[.] Cr)
  • Reserved for Market Maker
    1,20,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue (Ex Market Maker)
    22,65,000 shares (agg. up to ₹[.] Cr)
  • Net Offered to Public
    22,65,000 shares (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    64,45,168 shares
  • Share Holding Post Issue
    88,30,168 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Jan 13, 2025
Offer document withdrawn Fri, May 23, 2025
Filed with SEBI/Exchange Sun, May 31, 2026
SEBI/Exchange approval received Fri, Jul 10, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35% of the Offer
NII Shares Offered Not less than 15.00% of the Net Offer

About Amtech Esters Ltd.

Amtech Esters Limited was incorporated in May 2002 and converted into a public limited company in December 2023. The company is engaged in the B2B manufacturing of Unsaturated Polyester Resins (UPRs) and trading of complementary products such as fiberglass, hardeners, silicones, and other ancillary materials used across industrial applications.

The company offers an integrated product portfolio comprising 49 UPR SKUs, pigments manufactured through its subsidiary Croda Pigments Private Limited (CPPL), fiberglass products, hardeners, and silicone-based products. These products cater to industries including paints & coatings, electricals, construction, automotive, marine, furniture, plastics, adhesives, and industrial equipment manufacturing.

Amtech operates two manufacturing facilities in Bahadurgarh, Haryana, with a combined installed capacity of over 3,342 MTPA. The company maintains dedicated Research & Development and Quality Control departments and is certified under ISO 9001:2015, ensuring consistent product quality and process reliability.

As of November 30, 2025, the company employed 59 personnel across production, quality control, sales, finance, legal, and administration functions.

Strengths

  • Diversified product portfolio across resins, pigments, fiberglass, and silicones.
  • ISO 9001:2015 certified quality standards.
  • Strong R&D and quality control capabilities.
  • Synergistic integration with subsidiary CPPL.
  • Experienced management and industry expertise.
  • Modern manufacturing facilities with strong production capacity.
  • Wide customer base across multiple industrial sectors

Company Financials (Restated Consolidated)

Period Ended 30 Nov 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 33.70 27.86 24.79 12.73
Total Income 25.75 36.97 27.24 22.38
Profit After Tax 2.44 3.72 2.84 0.61
EBITDA 4.66 6.50 1.65 0.89
NET Worth 17.80 15.36 11.64 8.67
Reserves and Surplus 14.58 12.14 8.41 7.87
Total Borrowing 3.64 3.99 4.49 1.01

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 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
    8.81
  • 2 Repayment or prepayment, in full or in part, of certain borrowings availed by the Company
    4.20
  • 3 Funding inorganic growth through unidentified acquisitions and general corporate purposes
  • Total
    13.01

Key Performance Indicator (KPI)

KPI Nov 30, 2025 Mar 31, 2025
ROE 14.73% 27.58%
ROCE 20.49% 35.10%
Debt/Equity 0.20 0.26
RoNW 14.73% 27.58%
PAT Margin 9.51% 10.09%
EBITDA Margin 18.15% 17.63%
Pre IPO Post IPO
EPS (₹) 5.78 4.15
Promoter Holding 62.35%
Ajit Singh Bawa, Gurpreet Kaur Bawa and Meenakshi Sharma

IPO Registrar

Maashitla Securities Pvt.Ltd.

IPO Lead Manager(s)

  1. Credora Partners Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Amtech Esters Ltd. Address
Flat No. 102, Plot No. A – 3,
Magnum House 1, Commercial Complex,
Karam Pura, West Delhi, New Delhi,
West Delhi, New Delhi, 110015

IPO FAQs

Amtech Esters IPO is a SME IPO of 23,85,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Amtech Esters IPO open and close dates are not available as of now.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One  customers can apply online in Amtech Esters IPO using UPI as a payment gateway. Angel One customers can apply in Amtech Esters IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Amtech Esters IPO through Angel One

Visit the Angel One 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 Angel One IPO Application Process Review for more detail.

The Amtech Esters IPO dates are not announced. Please check back again after some time.

Amtech Esters IPO lot size and the minimum order quantity is not available at this time. Please check again later.

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 Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Amtech Esters IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Amtech Esters IPO allotment status.

The Amtech Esters IPO listing date is not yet announced. The tentative date of listing is .

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