Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
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 has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 23, 2025.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 | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jan 13, 2025 |
| Offer document withdrawn | Fri, May 23, 2025 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 24.80 |
| Total Income | 8.40 | 27.24 |
| Profit After Tax | 0.67 | 2.89 |
| NET Worth | 12.68 | 12.02 |
| Reserves and Surplus | 9.46 | 8.80 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For Setting up of New Unit at Asoda, for manufacture of Resins. | 1.53 |
| 2 | To meet the working capital requirement of Company. | 2.81 |
| 3 | Investment in their wholly owned subsidiary, Croda Pigments (P) Limite.d for capital expenditure and working capital requirements | 3.19 |
| 4 | General Corporate Purpose | |
| 5 | Issue Expenses |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 23.90% |
| ROCE | 24.20% |
| Debt/Equity | 0.37 |
| RoNW | 22.12% |
| PAT Margin | 11.73% |
| Price to Book Value | 3.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 82.24% | 65.72% |
Lead Manager Reports
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 listing is .
