Hy-Tech Engineers IPO
Hy-Tech Engineers IPO was a Mainboard book-built issue of ₹135.73 crore, comprising a Fresh Issue of ₹60.00 crore and an Offer for Sale of ₹75.73 crore. The price band was ₹50 to ₹53 per share, with a lot size of 283 shares.
Hy-Tech Engineers IPO Details
Hy-Tech Engineers IPO opened for public subscription on August 24, 2026 and closed on August 27, 2026. The basis of allotment was finalized on August 28, refunds and credit of shares to Demat accounts were scheduled for August 31, and the shares were scheduled to be listed on BSE and NSE on September 1, 2026.
Hy-Tech Engineers IPO GMP
The latest reported grey-market premium around August 27, 2026 was approximately ₹44 against the ₹53 issue price, indicating an unofficial estimated price of around ₹97. GMP is unofficial and does not guarantee the actual listing price.
Hy-Tech Engineers IPO Timeline (Tentative)
Hy-Tech Engineers IPO opened on August 24, 2026 and closed on August 27, 2026. The basis of allotment was scheduled for August 28, followed by refunds and credit of shares to Demat accounts on August 31. The shares were scheduled to list on BSE and NSE on September 1, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Aug 24, 2026 |
| IPO Close Date | Thu, Aug 27, 2026 |
| Basis of Allotment | Fri, Aug 28, 2026 |
| Initiation of Refunds | Mon, Aug 31, 2026 |
| Credit of Shares to Demat | Mon, Aug 31, 2026 |
| Listing Date | Tue, Sep 1, 2026 |
| IPO Opens | August 24, 2026 |
| IPO Closes | August 27, 2026 |
| Basis of Allotment | August 28, 2026 |
| Refund Initiation | August 31, 2026 |
| Credit of Shares to Demat | August 31, 2026 |
| Listing Date | September 1, 2026 |
Hy-Tech Engineers IPO Lot Size
The Hy-Tech Engineers IPO lot size was 283 shares. At the upper price band of ₹53 per share, one lot required an investment of ₹14,999. Retail investors could apply for up to 13 lots, or 3,679 shares, amounting to ₹1,94,987.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 283 | 14,999 |
| Retail (Max) | 13 | 3,679 | 1,94,987 |
| S-HNI (Min) | 14 | 3,962 | 2,09,986 |
| S-HNI (Max) | 66 | 18,678 | 9,89,934 |
| B-HNI (Min) | 67 | 18,961 | 10,04,933 |
Hy-Tech Engineers IPO Reservation
The IPO allocation included 50% of the offer for Qualified Institutional Buyers, 15% for Non-Institutional Investors and 35% for Retail Individual Investors. The offer also included an anchor investor portion within the QIB allocation.
Hy-Tech Engineers IPO Subscription
Hy-Tech Engineers IPO received 244.41x overall subscription by the close of bidding on August 27, 2026. The QIB portion was subscribed 255.77x, the NII portion 402.29x and the Retail Individual Investor portion 170.58x.
| Category | Subscription (times) |
|---|---|
| QIB | 255.77x |
| NII | 402.29x |
| RII | 170.58x |
| Total | 244.41x |
About Hy-Tech Engineers
Hy-Tech Engineers Limited is an engineering company engaged in designing, manufacturing and supplying hydraulic fittings for a range of industrial applications. The company was incorporated in 1978 and has more than four decades of experience in the hydraulics industry.
Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal fittings, conversion fittings and hydraulic fittings manufactured according to customer specifications.
The company serves customers across industries including construction machinery, automotive, agricultural machinery, injection moulding machines and hydraulic systems. Its certifications also enable it to serve selected railway and defence applications.
Hy-Tech Engineers operates manufacturing facilities at locations including Thane, Shirwal, Nashik and Pithampur. The company has developed a broad product portfolio with more than 10,000 hydraulic-fitting SKUs.
Strengths
- More than four decades of experience in the hydraulics industry.
- Broad portfolio of hydraulic fittings for diverse industrial applications.
- More than 10,000 product SKUs.
- Established manufacturing capabilities across multiple locations.
- Diversified customer base across several industrial sectors.
- Presence in international markets and export capabilities.
- Improved revenue and profitability over FY2024-FY2026.
Risks to Consider
- The company operates in a competitive engineering and hydraulic-components market.
- Its business is dependent on demand from industrial sectors.
- Changes in raw-material prices can affect manufacturing costs and margins.
- The company is exposed to fluctuations in customer demand and capital expenditure cycles.
- A portion of the IPO comprises an Offer for Sale, so those proceeds go to the selling shareholders rather than the company.
- Manufacturing operations are dependent on maintaining adequate production capacity and operational efficiency.
Hy-Tech Engineers Financials (₹ Cr)
Hy-Tech Engineers reported growth in revenue, EBITDA and profitability during FY2024-FY2026. Revenue from operations increased from ₹137.71 crore in FY2024 to ₹189.40 crore in FY2026, while PAT increased from ₹11.60 crore to ₹22.59 crore. Net worth increased from ₹82.22 crore to ₹122.02 crore over the same period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 141.17 | 11.60 | 146.24 | 82.22 |
| FY2025 | 166.71 | 19.62 | 170.65 | 101.25 |
| FY2026 | 193.44 | 22.59 | 175.71 | 122.02 |
KPIs & Valuation
At the upper IPO price band of ₹53, Hy-Tech Engineers had a pre-issue P/E of approximately 19.63x based on FY2026 EPS of ₹2.70. The post-issue EPS was approximately ₹2.38, resulting in a post-issue P/E of approximately 22.27x. FY2026 RoNW was 20.24%, while NAV was ₹14.61 per share.
Objects of the Issue
The Fresh Issue proceeds are proposed to support capital expenditure for machinery and equipment at selected manufacturing units, repayment or prepayment of certain borrowings and general corporate purposes.
- The company proposed to utilise the IPO proceeds for:
- Funding capital expenditure towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I.
- Repayment or prepayment, in full or in part, of certain outstanding borrowings.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Hy-Tech Engineers Limited is promoted by Hemant Tukaram Mondkar, Surekha Hemant Mondkar and Ashwin Hemant Mondkar. New Berry Capitals Private Limited acted as the Book Running Lead Manager, while Bigshare Services Private Limited acted as the Registrar to the Offer.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | +91 22 6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ |
Hy-Tech Engineers IPO Review
Hy-Tech Engineers reported steady improvement in its financial performance over FY2024-FY2026. Revenue from operations increased from ₹137.71 crore in FY2024 to ₹161.38 crore in FY2025 and ₹189.40 crore in FY2026. Profit after tax increased from ₹11.60 crore to ₹19.62 crore and ₹22.59 crore during the same period.
The company's business is focused on hydraulic fittings and related fluid-power components, giving it exposure to multiple industrial applications. Its product range includes standard and customised hydraulic fittings, supporting customers across different sectors.
The company's borrowings declined from ₹40.84 crore in FY2024 and ₹43.53 crore in FY2025 to ₹29.76 crore in FY2026. This represented a reduction in outstanding borrowings in the latest reported financial year.
At the upper IPO price of ₹53, the reported FY2026 EPS was ₹2.70 on a pre-issue basis, while post-issue EPS was approximately ₹2.38. The corresponding pre-issue P/E was approximately 19.63x and post-issue P/E approximately 22.27x.
How to Apply
Hy-Tech Engineers IPO applications could be made through the ASBA process, including UPI-supported applications. The minimum application consisted of one lot of 283 shares, requiring ₹14,999 at the upper price band of ₹53.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Hy-Tech Engineers IPO.
- Enter the number of lots you want to apply for.
- Select the applicable bid price or Cut-off option where permitted.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's RHP and other offer documents for detailed information relating to the IPO, including the company's business, financial statements, risk factors, objects of the issue, capital structure and other statutory disclosures. The Hy-Tech Engineers RHP was filed with the Registrar of Companies and is recorded by SEBI dated August 18, 2026.
Last updated Aug 29, 2026.