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AMTECH · BSE · Industrial Products
Amtech Esters IPO listed on 17 Sep 2026 on BSE at ₹100.00, a gain of 33.33% over the issue price of ₹75.00. The IPO was subscribed 25.70x overall.
Amtech Esters IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 09 Sep 2026 |
| IPO Close Date | 11 Sep 2026 |
| Basis of Allotment | 15 Sep 2026 |
| Initiation of Refunds | 16 Sep 2026 |
| Credit of Shares to Demat | 16 Sep 2026 |
| Listing Date | 17 Sep 2026 |
Listing day gain
+33.33%
Listed at ₹100 (issue ₹75)
Issue
₹75
Listing
₹100
Current
₹105
+40% vs issue
Day range
₹95 – ₹105
Issue Size
2,384,000 shares
(aggregating up to ₹18.00 Cr)
Issue Price
₹71 – ₹75
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹240,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
2,264,000 shares
(aggregating up to ₹17 Cr)
Offer for Sale
[.]
Reserved for Market Maker
120,000 shares
(aggregating up to ₹0.90 Cr)
Issue Type
book building
Open Date
09 Sep
Close Date
11 Sep
Allotment
15 Sep
Listing
17 Sep
Last updated: 2 weeks ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 16 Sep 2026 Latest | ₹75 | ₹13 | ₹88 | ₹13 |
17.33%
|
5:30 PM |
| 16 Sep 2026 | ₹75 | ₹13 | ₹88 | ₹13 |
17.33%
|
4:59 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 11 Sep 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 15.07x | - |
| NII | 32.32x | - |
| bNII (bids above ₹10L) | 33.63x | - |
| sNII (bids below ₹10L) | 29.61x | - |
| Individual Investors | 28.93x | - |
| Total | 25.7x | - |
Showing the latest subscription snapshot.
View full subscription historyAjit Singh Bawa, Gurpreet Kaur Bawa and Meenakshi Sharma are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹240,000 |
| Retail (Max) | 2 | 3,200 | ₹240,000 |
| S-HNI (Min) | 3 | 4,800 | ₹360,000 |
| S-HNI (Max) | 8 | 12,800 | ₹960,000 |
| B-HNI (Min) | 9 | 14,400 | ₹1,080,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,129,600 (47.38%) |
|
•
Anchor Investor Shares Offered
|
676,800 (28.39%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
452,800 (18.99%) |
| NII (HNI) Shares Offered | 340,800 (14.30%) |
|
•
bNII > ₹10L
|
227,200 (9.53%) |
|
•
sNII < ₹10L
|
113,600 (4.77%) |
| Individual Investors Shares Offered | 793,600 (33.29%) |
| Market Maker Shares Offered | 120,000 (5.03%) |
| Total Shares Offered | 2,384,000 (100.00%) |
Incorporated in May 2002 and structurally transitioned into a public limited entity in late 2023, Amtech Esters Limited has built over two decades of chemical expertise within India’s industrial manufacturing sector. Headquartered in New Delhi, the company operates as a prominent Business-to-Business (B2B) supplier, producing highly customizable chemical matrices crucial for heavy industries.
The operational core of the company revolves around its primary manufacturing facility located in Bahadurgarh, Haryana. Amtech Esters specializes in the formulation of Unsaturated Polyester Resins (UPRs), maintaining an active product portfolio of 49 distinct chemical stock-keeping units (SKUs). Alongside core manufacturing, the enterprise trades complementary materials like fiberglass, hardeners, and silicones. Through its specialized subsidiary, Croda Pigments Private Limited (CPPL), the group has vertically integrated its production pipeline to include high-grade pigments. This entire ecosystem is designed to serve crucial infrastructure, automotive, marine, and construction supply networks across the country.
Financially, the company shows stable performance, recording an operational revenue of ₹36.97 crore with a net profit of ₹3.72 crore for Fiscal 2025.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 27.24 | 36.97 | 40.75 |
| Profit After Tax (PAT) | 2.84 | 3.72 | 4.22 |
| EBITDA | 1.65 | 6.5 | 7.49 |
| Total Assets | 24.79 | 27.86 | 34.47 |
| Net Worth | 11.64 | 1.36 | 19.58 |
| Reserves & Surplus | 8.41 | 12.14 | 13.14 |
| Total Borrowing | 4.49 | 3.99 | 3.41 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 27.58% | 24.17% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 35.1% | 30.16% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 27.58% | 24.17% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 10.09% | 10.28% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 17.63% | 18.41% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.26x | 0.17x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹6.55 | ₹4.78 |
The basis of allotment for Amtech Esters IPO was finalised on 15 Sep 2026. You can check your allotment status using your PAN number or application number on the Maashitla Securities Pvt. ltd. portal or BSE.
The Amtech Esters IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Amtech Esters IPO is ₹71.00 - ₹75.00 per share.
As per market sources, Amtech Esters IPO GMP is currently ₹13.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Amtech Esters IPO stands at 25.70x overall.
The listing date for Amtech Esters IPO is 17 Sep 2026.
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