Amtech Esters Ltd

Amtech Esters Limited was originally incorporated as Private Limited Company under the name and style of Amtech Esters Private Limited', pursuant to Certificate of Incorporation dated May 21, 2002 issued by the Registrar of Companies, NCT of Delhi and Haryana. Later, the Company was converted to the Public Limited Company under the name and style of Amtech Esters Limited' with Registrar of Companies, dated December 12, 2023. The Company was founded by S. Avtar Singh Bawa with his son Ajit Singh Bawa in year 2002 and is presently engaged in the business of manufacturing Unsaturated Polyester Resins and trading in Fiberglass, Hardners & Ancillaries and Silicon. Resins are viscous, liquid polymers derived from either organic or synthetic sources. Company has its manufacturing unit at 2012 MIE, Bahadurgarh, Jhajjar, Haryana. The manufacturing unit has installed capacity of production of 2960 MTPA of Resins as on March 31, 2024 and of 740 MT Resins as on June 30, 2024. The product portfolio of the Company includes resins such as polyester, epoxy resin along with Industrial input for paints, varnishes, dyes, and glue gums with a strong presence in multiple sectors including dressing accessories (like beads/ buttons), switch gears, sculptures, automotive industries, aberrative etc. chemical products. These resins are also used in other industries including FRP sheets, cooling towers, automobile components, fiber sheets, waterproofing application, decorative items etc. The Company has acquired subsidiary by the name of 'Croda Pigments Private Limited'in 2023. The Company is planning an Initial Public Issue of 10,80,000 Equity Shares by raising funds aggregating to Rs 11.88 Crore comprising a Fresh Issue upto 8,10,000 Equity Shares aggregating to Rs 8.91 Crore and upto 2,70,000 Equity Shares amounting to Rs 2.97 Crore through Offer for Sale.