Home
Charts
Search
Watchlist
Products
All IPOs
₹71 - 75
Amtech Esters Ltd
ChemicalsIPOSME
₹71 - 75
Founded in 2002, Amtech Esters Ltd manufactures unsaturated polyester resins and pigment dispersions alongside distributed curing auxiliaries to provide end-to-end material packages for composite fabricators. The company pairs in-house thermal chemical synthesis with merchant distribution of hardeners and reinforcements, functioning as a single-source supplier for regional plastic moulding workshops.
Lot1,600Min Invest₹2,40,000Face Value₹10Issue Size₹18 CrFresh Issue₹18 Cr
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
15-16 Sept
Refund & demat credit
17 Sept
Listing
Subscription
Subscription opens 9 Sept
Reports
Offer Details
Terms
Issue Size₹18 Cr
Fresh Issue₹18 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.89% · NII 15.05% · RETAIL 35.06%
Application Sizes
Retail₹2,40,0001-1 lots
sNII₹2,40,000from 2 lots
bNII₹10,80,000from 9 lots
Managers & Registrar
Lead ManagerCredora Partners Private Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group62.34%45.52%Public37.66%54.48%
Objects of the Issue
- Investment in the company subsidiary, namely Croda Pigments Private Limited, by way of debt:
- Repayment or prepayment, in full or in part, of certain borrowings availed by its Company;
- General corporate purposes
Anchor Book
Bid Date08-Sep-2026
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 25 | 37 | 41 |
| Operating ProfitCr | 2 | 7 | 7 |
| OPM% | 6.7 | 17.6 | 18.4 |
| PBTCr | 3 | 5 | 6 |
| PATCr | 3 | 4 | 4 |
| EPS | 4 | 6 | - |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 3 | 3 | - |
| ReservesCr | 8 | 12 | - |
| BorrowingsCr | 4 | 4 | - |
| Total AssetsCr | 25 | 28 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 2 | 3 | 4 |
| Investing Cash FlowCr | -2 | -3 | -4 |
| Financing Cash FlowCr | 3 | -1 | -1 |
| Net Cash FlowCr | 4 | -1 | -1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diversified Product Portfolio Catering to a Broad Customer Base.
- Strong Quality Assurance ensuring consistent and standardized product excellence.
- Experienced Promoter and Senior Management Supported by a Knowledgeable Sales Team.
- Synergetic collaboration with subsidiary.
- Good track record.
- Cordial relations with our clients.
Strategies · as stated in the DRHP
- Forward Integration with subsidiary to achieve operational efficiency.
- Inorganic and Organic Expansion.
- Expansion of Geographical Footprint in India across various industries.
Risks · as stated in the DRHP
- A significant portion of our revenue is derived from unsaturated polyester resins. Such significant dependence on a single product category exposes us to concentration risk, whereby any adverse change in demand, pricing pressure, supply of raw materials etc. could have an adverse effect on our business, financial condition, and results of operations.
- Majority of our revenue from operations is derived from our manufacturing vertical. Further all of our manufacturing facilities are situated at Haryana, which exposes us to operational risks in relation to our manufacturing process. Any disruption, slowdown, or shutdown in our manufacturing operations, could adversely affect our business, results of operations, financial condition and cash flows.
- Our business is manpower intensive, and any significant increase in employee attrition could adversely affect our business, financial condition, results of operations and cash flows.
- Our business is manpower intensive. It may be adversely affected by work stoppages, increased wage demands by our employees, or an increase in minimum wages, and if we are unable to engage new employees at commercially attractive terms, it could adversely affect our business, financial condition, cash flows and results of operations.
- There have been certain instances of non-compliances/ discrepancies, including with respect to certain secretarial/ regulatory filings for corporate actions taken by our Company in the past. Such non-compliance may attract penalties against our Company which could impact the financial position of us to that extent.
- Our Company had negative cash flow from investing and financing activities in the past and may continue to have negative cash flows in the future.