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Open
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Close
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Allotment
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Listing
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Issue Size
23,85,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 33.70 | 27.86 | 24.79 | 12.73 |
| Total Income | 25.75 | 36.97 | 27.24 | 22.38 |
| Profit After Tax | 2.44 | 3.72 | 2.84 | 0.61 |
| EBITDA | 4.66 | 6.50 | 1.65 | 0.89 |
| NET Worth | 17.80 | 15.36 | 11.64 | 8.67 |
| Reserves and Surplus | 14.58 | 12.14 | 8.41 | 7.87 |
| Total Borrowing | 3.64 | 3.99 | 4.49 | 1.01 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Merritronix Ltd. | SME | ₹70.03 Cr | ₹149 | 11.83 | ₹297.25 | +99.50% | ₹365.65 (+1.99%) |
| Adisoft Technologies Ltd. | SME | ₹74.10 Cr | ₹172 | 12.82 | ₹215.25 | +25.15% | ₹183.50 (+1.94%) |
| Highness Microelectronics Ltd. | SME | ₹21.67 Cr | ₹120 | 16.7 | ₹129.75 | +8.12% | ₹174.50 (+3.25%) |
| Tipco Engineering India Ltd. | SME | ₹60.55 Cr | ₹89 | 8.73 | ₹84.79 | -4.73% | ₹180.05 (-2.20%) |
| Gabion Technologies India Ltd. | SME | ₹29.16 Cr | ₹81 | 12.18 | ₹93.41 | +15.32% | ₹83.50 (+0.07%) |
| Admach Systems Ltd. | SME | ₹42.60 Cr | ₹239 | 19.56 | ₹200.75 | -16.00% | ₹386.65 (-5.00%) |
| Apollo Techno Industries Ltd. | SME | ₹47.96 Cr | ₹130 | 9.43 | ₹151.95 | +16.88% | ₹83.70 (-0.04%) |
| HRS Aluglaze Ltd. | SME | ₹50.92 Cr | ₹96 | 26.07 | ₹132.30 | +37.81% | ₹248.90 (-0.42%) |
| Purple Wave Infocom Ltd. | SME | ₹31.45 Cr | ₹126 | 9.33 | ₹130.50 | +3.57% | ₹129.80 (+2.08%) |
| Shining Tools Ltd. | SME | ₹17.10 Cr | ₹114 | 16.18 | ₹98.80 | -13.33% | ₹74.00 (-1.73%) |
| True Colors Ltd. | SME | ₹127.96 Cr | ₹191 | 14.66 | ₹183.05 | -4.16% | ₹155.25 (-1.74%) |
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | 12.31 | ₹142.90 | +83.21% | ₹250.00 (-0.46%) |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | 9.57 | ₹279.30 | +99.50% | ₹330.15 (-0.05%) |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | 11.29 | ₹220.50 | +28.95% | ₹376.00 (+8.33%) |
| Omnitech Engineering Ltd. | Mainboard | ₹583.00 Cr | ₹227 | 54.47 | ₹204.93 | -9.72% | ₹612.00 (+3.07%) |
| Epack Prefab Technologies Ltd. | Mainboard | ₹504.00 Cr | ₹204 | 29.49 | ₹190.66 | -6.54% | ₹251.92 (+3.70%) |
| Aditya Infotech Ltd. | Mainboard | ₹1,300.00 Cr | ₹675 | 21.09 | ₹1,082.65 | +60.39% | ₹3,543.40 (-2.20%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Repayment or prepayment, in full or in part, of certain borrowings availed by the Company | 4.20 |
| 3 | Funding inorganic growth through unidentified acquisitions and general corporate purposes | |
| Total | 13.01 |
About Amtech Esters IPO
Amtech Esters Limited was incorporated in May 2002 and converted into a public limited company in December 2023. The company is engaged in the B2B manufacturing of Unsaturated Polyester Resins (UPRs) and trading of complementary products such as fiberglass, hardeners, silicones, and other ancillary materials used across industrial applications. The company offers an integrated product portfolio comprising 49 UPR SKUs, pigments manufactured through its subsidiary Croda Pigments Private Limited (CPPL), fiberglass products, hardeners, and silicone-based products. These products cater to industries including paints & coatings, electricals, construction, automotive, marine, furniture, plastics, adhesives, and industrial equipment manufacturing. Amtech operates two manufacturing facilities in Bahadurgarh, Haryana, with a combined installed capacity of over 3,342 MTPA. The company maintains dedicated Research & Development and Quality Control departments and is certified under ISO 9001:2015, ensuring consistent product quality and process reliability. As of November 30, 2025, the company employed 59 personnel across production, quality control, sales, finance, legal, and administration fu
Contact Details
Amtech Esters Ltd. AddressFlat No. 102, Plot No. A – 3,Magnum House 1, Commercial Complex,Karam Pura, West Delhi, New Delhi,West Delhi, New Delhi, 110015011-49044111info@amtechesters.comVisit Website