Amtech Esters Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹71 - ₹75
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,13,600
Issue Size
₹17.88 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.06%
QIB Quota
49.89%
NII Quota
15.05%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Amtech Esters Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
62.35%
Promoter Holding (Post-Issue)
45.51%
Issue Type
Book Building - SME
ISIN
INE0RMA01019
About the Company
The Company is engaged in the B2B business of manufacturing of Unsaturated Polyester Resins (referred as "UPR" or "UPRs") and trading in their complementary products like fiber resin, hardners & silicons and other ancillary products. By offering these complementary products along with our manufactured UPRs, we are able to provide customers with an integrated sourcing solution rather than a single-product offering. It also enables us to serve customers across different stages of the resin and FRP value chain, from base resin requirements to curing, reinforcement, finishing and applicationspecific consumables.
Company History
Our Company was incorporated as a Private Limited Company under the name of "Amtech Esters Private Limited" under the Companies Act, 1956 vide certificate of incorporation dated May 21,2002 issued by Registrar of Companies, National Capital Territory (NCT) of Delhi and Haryana, bearing CIN U24129DL2002PTC115465. Further, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Annual General Meeting held on September 30, 2023 and the name of our Company was changed from "Amtech Esters Private Limited" to "Amtech Esters Limited" & Registrar of Companies, Delhi has issued a new certificate of incorporation consequent upon conversion dated December 12, 2023, bearing CIN U24129DL2002PLC115465.
Growth Strategy
- Forward Integration with subsidiary to achieve operational efficiency.
- Inorganic and Organic Expansion.
- Expansion of Geographical Footprint in India across various industries.
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering up to 23,84,000 equity shares of Rs.10/- each ("Equity Shares") of Amtech Esters Limited (the "Company") for cash at a price of Rs. 71-75 per equity share (the "Issue Price"), aggregating to Rs. 16.93-17.88 Crores ("the Issue"). Out of the issue 1,20,000 equity shares aggregating to Rs. 0.85-0.9 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 22,64,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 71-75 per equity share aggregating to Rs. 16.07-16.98 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.00% and 25.64% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 71/- to Rs. 75/- per equity share of face value of Rs. 10/- each. The floor price is 7.10 times of the face value and the cap price is 7.50 times of the face value of the equity shares. Bids can be made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.