Amtech Esters IPO: dates, price band, lot size and GMP
Amtech Esters IPO listed on 17 Sep at ₹100 (BSE SME). Issue dates 9 – 11 Sep 2026, price band ₹71 – ₹75, lot 1,600 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Amtech Esters listed on 17 Sep 2026 on BSE SME at ₹100, +₹25 (+33.3%) against the ₹75 upper band. Amtech Esters IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Amtech Esters IPO has a price band of ₹71 – ₹75, a lot of 1,600 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 9 – 11 Sep 2026 |
| Price band | ₹71 – ₹75 |
| Lot size | 1,600 shares |
| Issue size | ₹17.88 Cr |
| Fresh issue | ₹16.98 Cr |
| Subscription | 25.7x |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead managers | Credora Partners Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 9 Sep
- Issue closes: 11 Sep
- Allotment: 15 Sep
- Refunds: 16 Sep
- Demat credit: 16 Sep
- Listing: 17 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 15.07x |
| NII | 32.32x |
| sNII | 29.61x |
| bNII | 33.63x |
| Retail | 28.93x |
| Total | 25.7x |
Last updated 11 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Fresh issue (shares) | 22,64,000 |
| Total shares offered | 22,64,000 |
| Promoter holding pre-issue | 62.35% |
| Promoter holding post-issue | 45.52% |
| Promoters | Ajit Singh Bawa, Gurpreet Kaur Bawa, Meenakshi Sharma |
| Lead managers | Credora Partners Pvt.Ltd. |
| Registrar phone | 011-45121795 |
| Registrar email | ipo@maashitla.com |
| Company website | amtechesters.com |
| Anchor bid date | 8 Sep 2026 |
| Anchor lock-in ends (50%) | 15 Oct 2026 |
| Anchor lock-in ends (remaining) | 14 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 3,200 | ₹2,40,000 |
| Retail (maximum) | 2 | 3,200 | ₹2,40,000 |
| sNII (minimum) | 3 | 4,800 | ₹2,40,000 |
| bNII (minimum) | 3 | 4,800 | ₹10,80,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 6,76,800 | |
| QIB | 20% | 4,52,800 | Not more than 50.00% of the Net offer |
| NII (HNI) | 15.1% | 3,40,800 | Not less than 15.00% of the Net Offer |
| sNII | 4.9% | 1,10,400 | |
| bNII | 10.2% | 2,30,400 | |
| Retail | 35.1% | 7,93,600 | Not less than 35% of the Offer |
| Market Maker | 5.3% | 1,20,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 9 Sep | 1.00x | 2.14x | 0.30x | 3.02x | 0.79x | 1.14x |
| Day 2 · 10 Sep | 1.00x | 3.47x | 2.25x | 4.06x | 3.58x | 2.82x |
| Day 3 · 11 Sep | 15.07x | 32.32x | 29.61x | 33.63x | 28.93x | 25.70x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹6.55 |
|---|---|
| EPS (post-issue) | ₹4.78 |
| RoNW | 27.58% |
| RoCE | 35.1% |
| RoE | 27.58% |
| PAT margin | 10.09% |
| EBITDA margin | 17.63% |
| NAV per share | ₹23.83 |
| Debt / equity | 0.26 |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 34.47 | 27.86 | 24.79 | +23.7% |
| Total Income | 40.75 | 36.97 | 27.24 | +10.2% |
| Profit After Tax | 4.22 | 3.72 | 2.84 | +13.4% |
| EBITDA | 7.49 | 6.5 | 1.65 | +15.2% |
| NET Worth | 19.58 | 15.36 | 11.64 | +27.5% |
| Reserves and Surplus | 13.14 | 12.14 | 8.41 | +8.2% |
| Total Borrowing | 3.41 | 3.99 | 4.49 | −14.5% |
About Amtech Esters
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.
Objects of the issue
- 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 Cr
- Repayment or prepayment, in full or in part, of certain borrowings availed by the Company — ₹4.2 Cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Net proceeds: ₹13.01 Cr
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Amtech Esters IPO listing day: listed at ₹100 (+33.3% vs the upper band), 17 Sep 2026
- Amtech Esters IPO GMP today and trend
- Amtech Esters IPO subscription status, day by day
- Amtech Esters IPO allotment status and how to check
Frequently asked questions
When does the Amtech Esters IPO open and close?
The issue is scheduled for 9 – 11 Sep 2026.
What is the Amtech Esters IPO price band?
The price band is ₹71 – ₹75 per share with a lot size of 1,600 shares.
How big is the Amtech Esters IPO?
The total issue size is ₹17.88 Cr.
When will Amtech Esters list?
The tentative listing date is 17 Sep on the SME platform.
How do I apply for the Amtech Esters IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Amtech Esters · as filed with SEBI · bseindia.com
- Red herring prospectus (RHP), Amtech Esters · as filed · bseindia.com
- Registrar allotment page, Maashitla Securities Pvt.Ltd. · allotment 15 Sep · maashitla.com
- BSE SME issues page · listing 17 Sep · bsesme.com
- Amtech Esters company website · amtechesters.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 17 Sep, 04:06 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Amtech Esters IPO”, https://buyunlistedshares.com/ipo/amtech-esters-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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