AMTECH ESTERS LIMITED IPO — Subscription & GMP
- Price band
- ₹71 – ₹75
- Lot size
- 1600
- Issue size
- ₹12.8 Cr
- Bidding
- 09 Sept 2026 → 11 Sept 2026
- Allotment
- —
- Listing
- 17 Sept 2026
Listing outcome
Official exchange pricesNo grey market premium was recorded at the close of bidding, so there is nothing to score this listing against.
Schedule
- 09 Sept 2026IPO open date
- 11 Sept 2026IPO close date
- 14 Sept 2026Allotment date†
- 14 Sept 2026Funds unblock or debit†
- 17 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsAmtech Esters Limited - Business Model Summary
Amtech Esters Limited operates as a specialized B2B manufacturer and supplier of Unsaturated Polyester Resins (UPRs) and complementary composite materials, serving diverse industrial applications across fiber-reinforced plastics (FRP), electrical switchgears, automotive, and construction sectors.
Core Segments & Product Portfolio
1. Resin Manufacturing Segment: - Products: Produces various application-specific grades of UPRs (including Orthophthalic, Isophthalic, and general-purpose resins) utilized in composite fabrication, moulding, and structural applications. - Subsidiary Integration: Through its subsidiary (Croda Pigments Private Limited), the company manufactures industrial pigments and colourants, creating internal supply linkages and resource efficiency.
2. Integrated Sourcing & Trading Model: - Complementary Materials: Supplies a comprehensive "one-stop-shop" bundle by trading complementary FRP inputs, such as fiberglass reinforcements (chopped strand mats, woven rovings), hardeners, catalysts, silicones, and accelerators.
Revenue Streams
- B2B Industrial Sales: Generates revenue through direct wholesale supply to manufacturers, fabricators, and institutional clients across India who utilize resin systems and composite materials for industrial and consumer goods production.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from BSE · fetched 853 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 4.53 L | 68.22 L | 15.07× |
| 1(a)Foreign Institutional Investors (FIIs) | — | — | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | — | — |
| 1(c)Mutual Funds | — | — | — |
| 2Non Institutional Investors | 4.61 L | 1.11 Cr | 24.17× |
| 2(a)Corporates | — | 2.90 L | — |
| 2(b)Individuals (Other than RIIs) | — | 1.06 Cr | — |
| 2(c)Others | — | 2.35 L | — |
| 3Retail Individual Investors (RIIs) | 7.94 L | 2.30 Cr | 28.93× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 2.30 Cr | — |
| 4Employee Reserved | — | 0 | — |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | — | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 17.07 L | 4.09 Cr | 23.97× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹71 → ₹75 · peak 4.09 Cr shares bid
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹71 – ₹75
- Lot size
- 1600 shares
- Min. bid quantity
- 3200
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 17.07 L
- Issue size
- ₹12.8 Cr
- Max bid · QIB
- 15.87 L
- Max bid · NII
- 11.34 L
Timeline & process
- Bidding opens
- 09 Sept 2026
- Bidding closes
- 11 Sept 2026
- Allotment
- —
- Listing
- 17 Sept 2026
Intermediaries
- Registrar
- MAASHITLA SECURITIES PRIVATE LIMITED
- Sponsor bank
- YES Bank
- Lead managers
- CREDORA PARTNERS PRIVATE LIMITED