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Amtech Esters IPO
Price Band
₹71.0–75.0
Issue Size
₹17.88 Cr
Lot Size
1,600 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
+₹16.0 (21.33%)
Issue Price
₹75.0
Subject to Sauda
₹19500
Paid only if allotted
Amtech Esters IPO AI Summary
- Amtech Esters IPO is listed on BSE SME in the Industrial Products sector.
- Price band: ₹71.0–₹75.0 per share, lot size 1,600 shares (min. investment ₹240,000, 2 lots minimum).
- Subscription window: 09 Sep–11 Sep 2026, listing on 17 Sep 2026.
- Current GMP is +₹16.0 (21.33%), an estimated listing price of ₹91 — unofficial and can change daily.
Amtech Esters Limited is an SME engaged in the production of fiberglass raw materials, showing strong revenue and profit growth in recent years. The IPO has garnered significant interest, with a high subscription rate across various investor categories.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
25.70x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
15.07x
|
15x ✓ |
| NII (HNI) |
32.32x
|
32x ✓ |
| ↳ bNII (>₹10L) |
33.63x
|
34x ✓ |
| ↳ sNII (<₹10L) |
29.61x
|
30x ✓ |
| Retail (RII) |
28.93x
|
29x ✓ |
| Total | 25.70x | 25.70x |
Auto-updated every 5 min · As of 11th Sep 2026 18:56
Amtech Esters IPO Grey Market Premium (GMP) Today
GMP
+₹16.0
GMP %
+21.33%
Est. Listing
₹91.0
Updated: 17 Sep 2026 04:15
GMP Trend (Last 15 Days)
About the Company
Incorporated in 2002, Amtech Esters Limited is enagaged in the manufacturing of fiberglass raw materials, including polyester resins, silicon-based products, wax polish, and brushes. These products cater to diverse applications such as FRP sheets, cooling towers, automobile components, flower pots, sports equipment, garden furniture, bathtubs, containers, panels, machine covers, statues, art, and handicrafts. The company’s manufacturing unit, located at 2012 MIE, Bahadurgarh, Jhajjar, Haryana 124507, has a production capacity of 2960 MTPA of resins as of March 31, 2024, and 740 MT by June 30, 2024. The company offers a wide range of fiberglass products, including CSM 225 E, CSM 450 E/P, CSM 300 E/P, fiber cut pieces, surface mat, woven rovings, fiberglass cloth, and chopped strands. Products: Products Manufactured by the Company: The company specializes in producing polyester resins for various applications, including fashion, automotive, accessories, and sculptures, ensuring durability and quality. Products Manufactured in the Subsidiary Croda Pigments Private Limited: The company manufactures pigment paste, cobalt octoate, accelerator, resin hardener, and BP paste through its subsidiary, Croda Pigments Private Limited. Products traded by the Company: The company’s trading segment complements its manufactured products, offering catalysts, fiberglass, silicone rubbers, wax polish, pigment paste, styrene monomer, and other related materials for various applications. As onOctober 31, 2024, the company has 36 employees. Competitive Strengths: Diversified product range appealing to a wide range of customers Quality Assurance ensuring standardized quality of the products Experienced Promoter with senior management, backed by sales team having industry knowledge Focus on increasing operational efficiencies Strong connect with suppliers.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 34.47 | 27.86 | 24.79 |
| Total Income | 40.75 | 36.97 | 27.24 |
| Profit After Tax | 4.22 | 3.72 | 2.84 |
| EBITDA | 7.49 | 6.50 | 1.65 |
| NET Worth | 19.58 | 15.36 | 11.64 |
| Reserves and Surplus | 13.14 | 12.14 | 8.41 |
| Total Borrowing | 3.41 | 3.99 | 4.49 |
Key Ratios
EPS
₹6.55
NAV
₹23.83
ROE
27.58%
ROCE
35.10%
RoNW
27.58%
PAT Margin
10.09%
Debt/Equity
0.26
Promoters
Ajit Singh Bawa, Gurpreet Kaur Bawa, Meenakshi Sharma
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in the subsidiary, namely Croda Pigments Private Limited, by way of debt: 1. Towards capital expenditure requirements of the subsidiary;2.To meet the incremental working capital requirements of the subsidiary 8.81 2 Repayment or prepayment, in full or in part, of certain borrowings availed by the Company 4.20 3 Funding inorganic growth through unidentified acquisitions and general corporate purposes Total 13.01
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹27.24 Cr in the year ending 31 Mar 2024, increasing to ₹36.97 Cr by 31 Mar 2025, and further rising to ₹40.75 Cr by 31 Mar 2026. This indicates a consistent upward trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax was ₹2.84 Cr for the year ending 31 Mar 2024, which grew to ₹3.72 Cr by 31 Mar 2025, and reached ₹4.22 Cr by 31 Mar 2026. This shows a steady increase in profitability over the analyzed periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the expected listing price of an IPO in the secondary market before it officially lists. A positive GMP indicates strong demand for the IPO, while a negative GMP suggests lower demand.
Subscription Demand
The IPO has received significant interest, with total bids of 40,795,200 shares against an offer of 1,587,200 shares, resulting in an overall subscription of 25.7 times. The retail category saw a subscription of 28.93 times, while the NII category was subscribed 32.32 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions. It's essential to consider the company's fundamentals and sector performance.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may consider avoiding IPOs like this, as they can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on September 9, 2026, and closes on September 11, 2026. Allotment of shares is expected to be finalized by September 15, 2026, with the listing date set for September 17, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the shares of an IPO list at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment on the listing day.
This evaluation is generated from Amtech Esters's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Amtech Esters IPO GMP today?
Amtech Esters IPO GMP today is +₹16.0 (21.33%), indicating an estimated listing price of ₹91. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Amtech Esters IPO?
The price band of Amtech Esters IPO is ₹71.0–₹75.0 per share.
When does Amtech Esters IPO open and close?
Amtech Esters IPO opens on 09 September 2026 and closes on 11 September 2026.
When does Amtech Esters IPO list on the stock exchange?
Amtech Esters IPO listed on 17 September 2026 at ₹91.0.
What is the lot size for Amtech Esters IPO?
The lot size for Amtech Esters IPO is 1600 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the price band for the Amtech Esters IPO?
The price band for the Amtech Esters IPO is ₹71.0 to ₹75.0.
What is the minimum investment required?
The minimum investment required is ₹240,000.0.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When is the listing date for the IPO?
The listing date for the IPO is September 17, 2026.
What does GMP stand for?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2026
Close
11 Sep 2026
Allotment
15 Sep 2026
Listing
17 Sep 2026
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