Updated · GMP, subscription and listing data refresh through the day.
Market capitalisation is the post-issue share count in the offer document’s capital structure (88,30,168 shares) multiplied by the upper end of the price band, ₹75. It is arithmetic on those two filed figures, not a valuation.
| ₹ crore | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | ₹27.24 | ₹36.97 | ₹40.75 |
| Expenses | ₹23.84 | ₹31.81 | ₹35.01 |
| Net profit (PAT) | ₹2.84 | ₹3.72 | ₹4.22 |
| PAT margin | 10.4% | 10.1% | 10.4% |
| Total assets | ₹24.79 | ₹27.86 | ₹34.47 |
The founding owners and their group entities.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
| Application | Shares | Amount at ₹75 |
|---|---|---|
| Individual investor (min)minimum application | 3,200 | ₹2,40,000 |
The minimum application is 3,200 shares, ₹2,40,000 at the ₹75 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Amtech Esters Limited is engaged in the B2B business of manufacturing Unsaturated Polyester Resins (UPRs) and trading complementary products like fiber resins, hardeners, silicons, and other ancillary products. Its subsidiary, Croda Pigments Private Limited, manufactures pigments used as colorants and additives. The company's products are used in various industrial and household applications. It was incorporated in 2002.
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Amtech Esters, the registrar is MAASHITLA SECURITIES PRIVATE LIMITED — allotment is finalised in the days between the issue closing on 11 Sept 2026 and listing on 17 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: Maashitla. Your bank will also show the blocked amount released if shares were not allotted.
The offer document for the Amtech Esters IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.
The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.
The company has a diversified product portfolio that caters to a broad customer base. The company is certified under ISO 9001:2015 for its Quality Management System, ensuring consistent product quality. The company is led by an experienced promoter and senior management with strong industry knowledge. The page lists all 6 as disclosed.
A significant portion of revenue is derived from unsaturated polyester resins, exposing the company to concentration risk. Majority of revenue is derived from the manufacturing vertical, with all facilities situated in Haryana, exposing the company to operational risks in that region. The business is manpower intensive and may be adversely affected by work stoppages, increased wage demands, or an inability to engage new employees at commercially attractive terms. The page lists all 7 disclosed risk factors.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹16 on a ₹75 upper band means the grey market is dealing at ₹91.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.