Amtech Esters SME IPO GMP History
Amtech Esters SME IPO has been listed on September 17, 2026 at a listing price of ₹100, against the issue price of ₹75 — a gain of ₹25 (+33.33%). The GMP peaked at ₹16 on 17 September 2026 and reached a low of ₹5 on 6 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Amtech Esters SME IPO raised ₹17.88 Cr. through its IPO at a price band of ₹71 to ₹75 per share, with a lot size of 1600 shares. The IPO was open for subscription from 09 Sep 2026 to 11 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 17 Sep, 6:31 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 17 Sep 2026 | ₹ 16 | — | 21.33% | — | — |
| 16 Sep 2026 | ₹ 16 | ▲ | 21.33% | — | — |
| 15 Sep 2026 | ₹ 7 | — | 9.33% | — | — |
| 14 Sep 2026 | ₹ 7 | — | 9.33% | — | — |
| 13 Sep 2026 | ₹ 7 | — | 9.33% | — | — |
| 12 Sep 2026 | ₹ 7 | — | 9.33% | — | — |
| 11 Sep 2026 | ₹ 7 | ▼ | 9.33% | — | — |
| 10 Sep 2026 | ₹ 11 | — | 14.67% | — | — |
| 09 Sep 2026 | ₹ 11 | ▲ | 14.67% | — | — |
| 08 Sep 2026 | ₹ 7 | — | 9.33% | — | — |
| 07 Sep 2026 | ₹ 7 | ▲ | 9.33% | — | — |
| 06 Sep 2026 | ₹ 5 | — | 6.67% | — | — |
| 05 Sep 2026 | ₹ 5 | — | 6.67% | — | — |
| 04 Sep 2026 | ₹ 5 | — | 6.67% | — | — |
Amtech Esters SME IPO dates
Key dates from opening to listing. Today is 26 October.
- Open 09 Sep 2026
- Close 11 Sep 2026
- Allotment 15 Sep 2026
- Refund/credit 16 Sep 2026
- Listing 17 Sep 2026
Amtech Esters SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹75 |
|---|---|
| GMP-based estimate (pre-listing) | ₹91 (+21.3%) |
| Listing gain / loss | +₹25 per share |
| Listing date | 17 Sep, 2026 |
| Actual listing price | ₹100 (+33.33%) |
Is Amtech Esters SME IPO GMP reliable?
Grey market premium for Amtech Esters SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Amtech Esters SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Amtech Esters SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Amtech Esters SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Amtech Esters SME IPO
Amtech Esters Limited was started in May 2002 and became a public limited company in December 2023. It is a business to business chemical manufacturer, which means it sells to other companies rather than to the public.
Its main product is Unsaturated Polyester Resin, usually called UPR. This is the resin used to make fibre reinforced plastic, or FRP, products. Alongside the resin it makes and supplies related items such as fibreglass, hardeners, silicones and other products used in the same work. By offering these together it lets a customer buy everything needed for a job from one place, from the base resin and reinforcement through to curing and finishing materials.
The company also owns Croda Pigments Private Limited as a wholly owned subsidiary. That company makes pigments, which are the colouring and additive materials used in paints, varnishes, dyes, glues and gums, and it widens the group's overall range. Amtech Esters has its own research and development and quality control departments and holds ISO 9001:2015 certification. Its plant is at Bahadurgarh in Jhajjar district, Haryana. As on 31 March 2026 it had 60 employees.
Frequently asked
What is the GMP of Amtech Esters SME IPO?
The current Grey Market Premium (GMP) of Amtech Esters SME IPO is ₹ 16.
What is the Kostak Price of Amtech Esters SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Amtech Esters SME IPO is not available.
What is the Subject to Sauda Price of Amtech Esters SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Amtech Esters SME IPO?
Amtech Esters SME IPO listed on September 17, 2026 at ₹100, against the issue price of ₹75 — a gain of +33.33%.
How did the GMP of Amtech Esters SME IPO trend before listing?
The GMP of Amtech Esters SME IPO was stable in its final days before listing. The GMP peaked at ₹16 on 17 September 2026. View the day-wise table above for the complete GMP history.
Explore Amtech Esters SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
