Amtech Esters IPO
Open nowSMEChemicals
2.82×
Subscribed
Price band
₹71 – ₹75
Lot size
1,600
1 lot = ₹1,20,000
Issue size
₹17.88 Cr
Open – close
09 Sept 2026
to 11 Sept 2026
Listing
17 Sept 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens09 Sept 2026
- Closes11 Sept 2026
- Allotment15 Sept 2026
- Listing17 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB1.00x
Non-institutionalNII / HNI3.47x
Big NIIabove ₹10L4.06x
Small NII₹2L – ₹10L2.25x
Retail individualRII3.58x
976 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 10 Sept 2026.
Chance of allotment
Retail3.58× subscribed
~1 in 3.6
Minimum 2 lots · 3,200 shares · ₹2,40,000 blocked
Retail is 3.58× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 3.6 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII3.47× subscribed
~1 in 3.5
Minimum 1 lot · 1,600 shares · ₹1,20,000 blocked
HNI is 3.47× subscribed. This category is allotted proportionately, so a bid receives roughly 1/3.5 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹71 – ₹75
Face value₹10
Lot size1,600shares
Minimum application₹1,20,000at cut-off
Total issue size₹17.88 Cr
Listing atSME platform
Company & valuation
ISININE0RMA01019
RegistrarMaashitla Securities Pvt Ltd
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.5%
Listed up
6 of 8
Best
+90.0%
Millworks Technologies
Worst
-0.7%
Mopshop Distribution
Shanti Inorganicssame segment
142.2× sub+90.0%
Mopshop Distributionsame segment
1.6× sub-0.7%
Dhanwel Hybrid Seedssame segment
1.6× sub+0.0%
Anawil Wire and Engineeringsame segment
149.1× sub+22.1%
Fusion Klassroom Edutechsame segment
1.5× sub+6.9%
Dhaval Packagingsame segment
50.0× sub+13.4%
Sotefin Bharatsame segment
4.0× sub+9.6%
Millworks Technologiessame segment
219.5× sub+90.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Amtech Esters
Amtech Esters Limited is a B2B manufacturer of unsaturated polyester resins (UPRs) and also trades in complementary products used in resin and fibre-reinforced plastic (FRP) applications. Its product portfolio includes different grades of UPRs, fibreglass products, hardeners, silicones, and ancillary products. Through its wholly owned subsidiary, Croda Pigments Pvt Ltd (CPPL), the company also manufactures pigments used as colourants and additives in industrial and household applications. The company’s products are used across industries, including automotive, electrical and switchgear, fashion and apparel accessories, decorative products, and other industrial applications. Amtech operates manufacturing facilities in Bahadurgarh, Haryana. Its UPR manufacturing facility has an installed capacity of 2,960 MTPA, while CPPL’s pigment manufacturing facility has an installed capacity of 382.20 MTPA as of March 31, 2026. Use of proceeds: The IPO is a fresh issue of shares. So, the net proceeds from the fresh issue will go to the company and will be utilised for the following purposes: Investment in its wholly owned subsidiary, Croda Pigments Pvt Ltd, by way of debt — Rs 8.81 crore a. Towards capital expenditure requirements of the wholly owned subsidiary b. To meet the incremental working capital requirements of the wholly owned subsidiary Repayment or prepayment, in full or in part, of certain borrowings availed by the company — Rs 3.98 crore Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Founded 2002MD Mr. Ajit Singh BawaSector Chemicals
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Amtech Esters IPO subscribed?
Amtech Esters is subscribed 2.82× overall (QIB 1.00×, NII 3.47×, retail 3.58×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Maashitla Securities Pvt Ltd.
What is the minimum investment in the Amtech Esters IPO?
One lot is 1,600 shares, so a retail application at the ₹75 cut-off price blocks ₹1,20,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Amtech Esters IPO?
The retail portion is subscribed 3.58×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 4. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Amtech Esters IPO allotment date?
Allotment is scheduled for 2026-09-15, with listing on 2026-09-17. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Maashitla Securities Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.