Amtech Esters IPO: Rs 17.88 Cr Issue Opens Sept 9

IPO Details and Schedule

Amtech Esters is preparing to enter the public market with an initial public offering aimed at raising Rs 17.88 crore. The company will offer 2,384,000 shares to potential investors.

• Subscription Opening Date: September 09, 2026.
• Subscription Closing Date: September 11, 2026.
• Price Band: Rs 71-75 per equity share.
• Listing Venue: BSE SME Platform.

The shares carry a face value of Rs 10. Pricing is set at 7.10 times the face value at the lower end and 7.50 times at the higher end.

Key IPO Personnel and Operations

The company has appointed Credora Partners as the book running lead manager for the issue. Anjali Bansal will serve as the compliance officer for the offering.

• Primary Business: Manufacturing Unsaturated Polyester Resins and trading complementary items like hardeners and silicons.
• Subsidiary Focus: Wholly owned subsidiary Croda Pigments Private Limited manufactures pigments used in industrial and household applications.
• Quality Standards: The firm holds ISO 9001:2015 certification for its manufacturing and research processes.

Allocation of Proceeds

Amtech Esters intends to direct the funds raised from the IPO toward its wholly owned subsidiary. The capital will be deployed through debt to support specific growth initiatives.

• Capital Expenditure: Investment in Croda Pigments Private Limited to support infrastructure needs.
• Working Capital: Funding the incremental working capital requirements of the subsidiary.

These investments are designed to strengthen the company’s vertically aligned operations and integrated sourcing model. By enhancing its subsidiary capacity, the firm aims to maintain its position across the resin and fiber-reinforced plastic value chain.