Amtech Esters Limited
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Amtech Esters Limited's is gearing up for its market debut with an Initial Public Offering aggregating 23,84,000 Shares. The fresh issue component of 23,84,000 Shares will bolster the company's balance sheet.
The IPO features a competitive price band of ₹71 to ₹75 per share, with the minimum investment requirement set at 1600 shares. This structure aims to attract diverse investor participation across market segments.
The public subscription window is slated to open on Sep 09, 2026 and close on Sep 11, 2026. Following the subscription period, allotment will be finalized on Sep 15, 2026, with the stock listing anticipated on Sep 17, 2026 at the BSE exchange.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Amtech Esters Limited, incorporated in May 2002, is a B2B chemical manufacturing company engaged in producing Unsaturated Polyester Resins (UPRs) and trading complementary products used across the resin and FRP value chain. Originally incorporated as Amtech Esters Private Limited, the Company was converted into a public limited company in December 2023. Its product portfolio includes UPRs, fibreglass, hardeners, silicones and other ancillary products, allowing it to provide customers with an integrated sourcing solution covering resins, reinforcement, curing, finishing and application-specific requirements. Through its wholly owned subsidiary, Croda Pigments Private Limited, the Company also manufactures pigments used in paints, varnishes, dyes, glues, gums and other chemical applications. Amtech Esters has dedicated Research & Development and Quality Control departments and holds ISO 9001:2015 certification, supporting product quality and process consistency. The Company operates a modern and automated manufacturing facility in Bahadurgarh, Jhajjar, Haryana. As of March 31, 2026, it had 60 employees across production, sales and marketing, quality control, packaging and dispatch, finance, legal, human resources and management functions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
- Specialized Chemical Manufacturing: Amtech Esters is engaged in the manufacturing of ester-based specialty chemicals used across various industrial applications.
- Diversified Product Applications: Its products cater to multiple industries, helping reduce dependence on a single end-user segment and supporting broader market opportunities.
- Growing Demand for Specialty Chemicals: Increasing demand for high-performance and application-specific chemicals provides opportunities for business expansion and product development.
- Raw Material Price Volatility: Fluctuations in the prices of key chemical raw materials can increase production costs and put pressure on profit margins.
- Regulatory & Environmental Risk: Chemical manufacturing is subject to environmental, safety, and regulatory requirements, and non-compliance may result in additional costs or operational disruptions.
- Intense Industry Competition: Competition from domestic and international specialty chemical manufacturers may create pricing pressure and affect market share and profitability.
- Ajit Singh Bawa
- Gurpreet Kaur Bawa
- Meenakshi Sharma
Amtech Esters Limited
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