Amtech Esters Limited
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₹9(12.00%)
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Subscription for Amtech Esters Limited's Initial Public Offering is currently underway, targeting total proceeds of 23,84,000 Shares. The offering composition includes 23,84,000 Shares in new capital infusion.
The active price band of ₹71 to ₹75 and minimum lot requirement of 1600 shares define the current investment parameters. Market participants are actively evaluating this opportunity during the subscription window.
The application deadline is fast approaching on Sep 11, 2026. Following Subscription closure, allotment will be processed on Sep 15, 2026, leading to the anticipated listing on Sep 17, 2026 at the BSE exchange platform.
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 (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- ISO-Certified Manufacturing: The company’s manufacturing processes are ISO 9001:2015 certified, supporting consistent quality and standardized production practices.
- Diversified Product Portfolio: Amtech Esters offers UPRs along with fibreglass, hardeners, silicones, pigments and other related products, allowing it to serve a wide range of industrial requirements.
- Integrated Sourcing Solution: By offering UPRs along with complementary products, the company provides customers with a convenient, one-stop sourcing solution for resin and FRP-related products.
- Dependence on UPRs: A significant share of the company’s revenue comes from Unsaturated Polyester Resins (UPRs). Changes in demand, pricing, raw material availability or other market factors could negatively affect revenue and financial performance.
- Manufacturing Concentration Risk: Most revenue comes from the manufacturing business, with all manufacturing facilities located in Haryana. Any disruption, slowdown or shutdown could affect business operations, cash flow and financial performance.
- Manpower Dependence: The company’s operations require a large workforce and depend on retaining skilled employees. High employee turnover or difficulty in hiring could disrupt operations and affect financial performance.
- Ajit Singh Bawa
- Gurpreet Kaur Bawa
- Meenakshi Sharma
Amtech Esters Limited
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