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Amtech Esters Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 23, 2025.
Amtech Esters Ltd. IPO was a Fixed Price Issue
The equity shares were proposed to be listed on the BSE SME. Sobhagya Capital Options Pvt.Ltd. was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Reserved for Market Maker | 64,800 shares (aggregating up to ₹0.7128 Cr) |
| Fresh Issue (Ex Market Maker) | 8,10,000 shares (aggregating up to ₹8.91 Cr) |
| Offer for Sale | 2,70,000 shares of ₹10 (aggregating up to ₹2.97 Cr) |
| Net Offered to Public | 10,80,000 shares (aggregating up to ₹11.88 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jan 13, 2025 |
| Offer document withdrawn | Fri, May 23, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Amtech Esters Limited is enagaged in the manufacturing of fiberglass raw materials, including polyester resins, silicon-based products, wax polish, and brushes.
These products cater to diverse applications such as FRP sheets, cooling towers, automobile components, flower pots, sports equipment, garden furniture, bathtubs, containers, panels, machine covers, statues, art, and handicrafts.
The company’s manufacturing unit, located at 2012 MIE, Bahadurgarh, Jhajjar, Haryana 124507, has a production capacity of 2960 MTPA of resins as of March 31, 2024, and 740 MT by June 30, 2024.
The company offers a wide range of fiberglass products, including CSM 225 E, CSM 450 E/P, CSM 300 E/P, fiber cut pieces, surface mat, woven rovings, fiberglass cloth, and chopped strands.
Products:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 |
| Assets | 25.98 | 24.8 |
| Total Income | 8.4 | 27.24 |
| Profit After Tax | 0.67 | 2.89 |
| Net Worth | 12.68 | 12.02 |
| Reserves and Surplus | 9.46 | 8.8 |
| Amount in ₹ Crore | ||
| KPI | Values |
|---|---|
| ROE | 23.90% |
| ROCE | 24.20% |
| Debt/Equity | 0.37 |
| RoNW | 22.12% |
| PAT Margin | 11.73% |
| Price to Book Value | 3.06 |
The Company Amtech Esters IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | For Setting up of New Unit at Asoda, for manufacture of Resins. | 15.25 |
| 2 | To meet the working capital requirement of Company. | 28.05 |
| 3 | Investment in their wholly owned subsidiary, Croda Pigments (P) Limite.d for capital expenditure and working capital requirements | 31.9 |
| 4 | General Corporate Purpose | |
| 5 | Issue Expenses |
Amtech Esters Ltd.
Flat No. 102, Plot No. A – 3,
Magnum House 1, Commercial Complex,
Karam Pura, West Delhi, New Delhi,
West Delhi, New Delhi, 110015
Phone: 011-49044111
Email: info@amtechesters.com
Website: https://www.amtechesters.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Amtech Esters IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The Amtech Esters IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Amtech Esters IPO using UPI as a payment gateway. Zerodha customers can apply in Amtech Esters IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Amtech Esters IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Amtech Esters IPO dates are not announced. Please check back again after some time.
Amtech Esters IPO lot size is 1200, and the minimum amount required for application is ₹1,32,000.
You can apply in Amtech Esters IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Amtech Esters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Amtech Esters IPO allotment status.
The Amtech Esters IPO listing date is not yet announced. The tentative date of Amtech Esters IPO listing is [.].
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