Amtech Esters IPO

Listed on the exchange

Amtech Esters priced its issue at ₹75.00 and began trading on 17 September 2026.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

Issue dates

1. Anchor investor biddingCompleted

   8 September 2026

   One day before the public window, for institutional anchors.

2. Bidding opensCompleted

   9 September 2026

3. Bidding closesCompleted

   11 September 2026

4. Basis of allotmentCompleted

   15 September 2026

5. Refunds initiatedCompleted

   16 September 2026

6. Shares credited to DematCompleted

   16 September 2026

7. Listing on the exchangeCompleted

   17 September 2026

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

About Amtech Esters

Amtech Esters Ltd. makes unsaturated polyester resins and trades the chemicals that go with them. The company runs a plant at Bahadurgarh in Jhajjar, Haryana, and sells to industrial buyers rather than consumers. Its resins feed into fibreglass products: FRP sheets, cooling towers, car parts, bathtubs, panels and moulded articles. Alongside the resins it trades fibreglass, hardeners, silicones, catalysts and styrene monomer, so a customer can buy most of the resin and FRP chain from one supplier. A wholly owned subsidiary, Croda Pigments Private Limited, makes pigment paste, cobalt octoate, accelerator, resin hardener and BP paste. Amtech holds ISO 9001:2015 certification and runs its own research and quality control departments. It employed 60 people as of March 31, 2026. Total income for the year ended March 31, 2026 was INR 40.75 crore, up from INR 36.97 crore the previous year.

Promoters

• Ajit Singh Bawa
• Gurpreet Kaur Bawa
• Meenakshi Sharma

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

• 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

  ₹3.98 Cr

• Funding inorganic growth through unidentified acquisitions and general corporate purposes

  ₹2.88 Cr

• Issue Expense

  ₹2.20 Cr

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

Sources

• National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
• BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
• Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
• Amtech Esters issue particulars are compiled and published by Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 2 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.