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Amtech Esters IPO Financials

SMEListed
AMTECH · Chemicals · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Amtech Esters IPO Details

RegistrarMAASHITLA SECURITIES PRIVATE LIMITED
Lead managersCREDORA PARTNERS PRIVATE LIMITED
Offer documentDraft (DRHP)
Fresh issue₹17.88 Cr
Offer for sale—
Market cap at the offer₹66.226 Cr

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.

Amtech Esters Financials ₹ in crore

Revenue CAGR+22.3%2024 → 2026 · 2 yrs
Profit CAGR+21.9%2024 → 2026 · 2 yrs
Expenses CAGR+21.2%2024 → 2026 · 2 yrs
Total assets CAGR+17.9%2024 → 2026 · 2 yrs
00%135%2510%3815%5020%202420252026
₹ crore202420252026
Revenue₹27.24₹36.97₹40.75
Expenses₹23.84₹31.81₹35.01
Net profit (PAT)₹2.84₹3.72₹4.22
PAT margin10.4%10.1%10.4%
Total assets₹24.79₹27.86₹34.47

Amtech Esters Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
62.35%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
45.52%
Promoter
Promoter & promoter groupafter the IPO
Holding45.52%
Shares40,18,776
Through the IPO-16.83% · exiting

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.

Amtech Esters IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹75
Individual investor (min)minimum application3,200₹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.

About Amtech Esters

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.

Amtech Esters IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (6)
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 company has a synergetic collaboration with its subsidiary, Croda Pigments Private Limited, which complements its operations.
The company has expanded its presence in manufacturing pigments, further strengthening its ability to serve customers across resin, pigment, and allied chemical product applications.
The company's integrated product portfolio enables it to offer customers an integrated sourcing solution rather than a single-product offering.
▼ Risk factors (7)
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 company has significant receivables on its books from customers, and any delay in receivables can impact working capital and financial health.
There have been instances of non-compliances/discrepancies in past statutory filings, which may attract penalties.
The company may incur further indebtedness during the course of business and cannot assure its ability to service existing or additional indebtedness.
The company is dependent on a few suppliers for raw materials, and the loss of any of these suppliers may affect business operations.

How to check Amtech Esters IPO allotment status

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.

RegistrarMAASHITLA SECURITIES PRIVATE LIMITED
You will needPAN, application number or demat ID
Issue closes11 Sept 2026
Listing date17 Sept 2026
Issue opens
Wed, 09 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 11 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 15 Sept, 2026
By MAASHITLA SECURITIES; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 16 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 17 Sept, 2026
NSE SME · trading from 10:00 am IST

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.

Amtech Esters IPO Financials FAQs

What is the revenue of Amtech Esters?

Amtech Esters reported revenue of ₹40.75 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.

Is Amtech Esters profitable?

Amtech Esters reported a profit after tax of ₹4.22 crore in FY2026. Earlier years are in the table above.

Where do the Amtech Esters IPO financials come from?

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

Amtech Esters IPO Registrar where allotment and refund queries go

RegistrarMAASHITLA SECURITIES PRIVATE LIMITED

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.

How to Apply for the Amtech Esters IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (11 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MAASHITLA SECURITIES PRIVATE LIMITED, not to the exchange or the broker.

What is GMP in an IPO?

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.