Summary
Hy-Tech Engineers IPO is a ₹135.73 crore mainboard issue open from 24 to 27 August 2026, listing on BSE and NSE on 1 September 2026.
The price band is ₹50 to ₹53 per share with a lot size of 283 shares, so one retail lot costs ₹14,999.
FY2026 revenue from operations came in at ₹189.40 crore, and profit after tax rose to ₹22.59 crore from ₹19.62 crore in FY2025.
The ₹60 crore fresh issue funds machinery at the Kavathe, Shirwal and Pithampur units plus ₹16 crore of debt repayment, while the ₹75.73 crore offer for sale comes entirely from the promoter family.
Hy-Tech Engineers IPO is a 100% book-built mainboard issue with a face value of ₹5 per share. The offer is worth about ₹135.73 crore at the upper price band. It includes a fresh issue of up to ₹60 crore and an offer for sale of up to 1,42,89,450 shares.
Bidding opens on 24 August 2026 and closes on 27 August. The basis of allotment is expected on 28 August, while listing on BSE and NSE is tentatively scheduled for 1 September 2026.
The price band is ₹50 to ₹53 per share. One lot contains 283 shares, so a retail application starts at ₹14,999 at the upper price. Retail investors can apply for up to 13 lots, or 3,679 shares, amounting to ₹1,94,987.
For sNII investors, the minimum is 14 lots, or 3,962 shares, costing ₹2,09,986. The bNII category starts at 67 lots, equal to 18,961 shares and an investment of ₹10,04,933.
Hy-Tech Engineers IPO Details
The table below provides the primary details of the Hy-Tech Engineers IPO.
| Particulars | Details |
| IPO Open Date | 24 August 2026 |
| Close Date | 27 August 2026 |
| Face value | ₹5 per share |
| Price Band | ₹50 to ₹53 per share |
| Issue price | To be finalised |
| IPO Lot Size | 283 shares |
| Offer for sale | Up to 1,42,89,450 shares, aggregating to about ₹75.73 crore at the upper price |
| Fresh issue | Up to ₹60 crore |
| Issue Type | 100% Book Built Mainboard IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | About ₹135.73 crore at the upper price |
| Minimum Investment | ₹14,999 for 283 shares at ₹53 |
Hy-Tech Engineers IPO Timeline
The table below lists the key dates for the Hy-Tech Engineers IPO.
| Event | Date |
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Tentative Allotment | 28 August 2026 |
| Initiation of Refunds | 31 August 2026 |
| Credit of Shares to Demat | 31 August 2026 |
| Tentative Listing Date | 1 September 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on 27 August 2026 |
Hy-Tech Engineers Key Performance Indicators (KPI)
The table below presents the key performance indicators of Hy-Tech Engineers for the last three financial years.
| KPIs | FY 2025-26 | FY 2024-25 | FY 2023-24 |
| ROE (%) | 20.24 | 21.39 | 15.11 |
| ROCE (%) | 24.40 | 20.46 | 15.24 |
| Debt Equity (%) | 24.39 | 42.99 | 49.67 |
| RoNW (%) | 20.24 | 21.39 | 15.11 |
| PAT Margin (%) | 11.68 | 11.77 | 8.21 |
| EBITDA Margin (%) | 22.01 | 22.18 | 16.38 |
| Price Book Value (times) | 3.63 | – | – |
Hy-Tech Engineers Financials
The table below presents the financial status of Hy-Tech Engineers for the last three financial years.
| (₹ crore) | FY 2025-26 | FY 2024-25 | FY 2023-24 |
| Revenue from Operations | 189.40 | 161.38 | 137.71 |
| Total Assets | 175.71 | 170.65 | 146.24 |
| Profit | 22.59 | 19.62 | 11.60 |
Hy-Tech Engineers IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Retail | Total |
|---|---|---|---|---|
| Aug 24 (Day 1) | 0.48 | 4.63 | 7.12 | 4.69 |
Hy-Tech Engineers IPO Grey Market Premium
The table below tracks the latest available GMP data for the Hy-Tech Engineers IPO.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 24-08-2026 Open | ₹30 ▲ | ₹83 (56.60%) | ₹8,490 | 24-Aug-2026 12:33 |
| 23-08-2026 | ₹25 ▼ | ₹78 (47.17%) | ₹7,075 | 23-Aug-2026 23:33 |
| 22-08-2026 | ₹27 ▲ | ₹80 (50.94%) | ₹7,641 | 22-Aug-2026 23:34 |
| 21-08-2026 | ₹22 ─ | ₹75 (41.51%) | ₹6,226 | 21-Aug-2026 23:31 |
| 20-08-2026 | ₹22 ▲ | ₹75 (41.51%) | ₹6,226 | 20-Aug-2026 23:33 |
| 19-08-2026 | ₹5 ─ | ₹58 (9.43%) | ₹1,415 | 19-Aug-2026 23:37 |
The latest verified daily GMP is ₹5. Based on the upper price of ₹53, this indicates a grey market price of around ₹58 and a 9.43% premium.
Note: GMP is an unofficial market indicator and can change quickly with demand, subscription levels and market mood. It does not guarantee the actual listing price or return.
Hy-Tech Engineers IPO Reservation
The table below shows the category wise reservation for the Hy-Tech Engineers IPO.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | Not applicable |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Total Shares Offered | Up to 2,56,10,204 equity shares |
Hy-Tech Engineers IPO Lot Size
The table below shows the lot size and investment requirements for different investor categories.
| Investor Category | Lots | Shares | Investment at ₹53 |
| Individual Investors (Retail) (Min) | 1 | 283 | ₹14,999 |
| Individual Investors (Retail) (Max) | 13 | 3,679 | ₹1,94,987 |
| S-HNI (Min) | 14 | 3,962 | ₹2,10,086 |
| S-HNI (Max) | 66 | 18,678 | ₹9,89,934 |
| B-HNI (Min) | 67 | 18,961 | ₹10,04,933 |
Hy-Tech Engineers IPO Anchor Investors
Hy-Tech Engineers has not announced its anchor investor allocation yet. Anchor bidding is scheduled for 21 August 2026, with the investor list and amount raised expected after the allocation is finalised.
Hy-Tech Engineers IPO Prospectus
The official offer documents provide further details on the IPO:
About Hy-Tech Engineers
Hy-Tech Engineers makes hydraulic fittings and forged metal parts used across industrial applications. Its range covers DIN metric fittings, JIC flared fittings, O-Ring Face Seal fittings, conversion fittings and customised products.
| Founded in | 1978 |
| Managing Director | Hemant Tukaram Mondkar, Chairman and Managing Director |
| Products and services | Hydraulic fittings and forged metal parts |
Its catalogue runs to more than 11,000 SKUs. Manufacturing is spread across six facilities, four in Maharashtra and two in Madhya Pradesh. The Nashik unit focuses on forged metal parts, while the other facilities produce hydraulic fittings.
The customer base includes original equipment manufacturers, industrial users and distributors. In FY2026, Hy-Tech Engineers served 170 direct customers and worked with seven distributors or distribution partners.
The table below lists the key intermediaries associated with the IPO.
| Role | Name |
| Book running lead manager | New Berry Capitals Private Limited |
| Registrar of the issue | Bigshare Services Private Limited |
Hy-Tech Engineers IPO Objectives
The fresh issue proceeds are proposed to be used for the following purposes.
| Purpose | Details |
| Capital expenditure | ₹29.97 crore for machinery and equipment at the Kavathe, Shirwal and Pithampur Unit-I facilities |
| Debt repayment | ₹16.00 crore towards prepayment or repayment of outstanding borrowings |
| General corporate purposes | Balance of the net proceeds, for working capital and other corporate needs |
Strengths of Hy-Tech Engineers
- Wide product range: Hy-Tech Engineers has more than 11,000 SKUs covering standard and customised hydraulic fittings. It added 880 new SKUs during FY2026.
- Broad customer reach: The company served 170 direct customers in FY2026, compared with 144 in FY2024. It also uses distributors to reach smaller and mid-sized industrial customers.
- International presence: Hy-Tech Engineers exported hydraulic fittings to 11 countries over the last three financial years. These included the USA, Germany, Italy, Belgium, UAE and Saudi Arabia.
- Long operating history: The company has worked in the hydraulic fittings industry for more than four decades. Its operations are led by promoter and Chairman and Managing Director Hemant Tukaram Mondkar.
Risks of Hy-Tech Engineers
- Customer concentration: The top 10 customers made up 45.32% of FY2026 revenue from operations. This leaves the company exposed if order volumes from a few large customers fall.
- Dependence on key suppliers: In FY2026, 65.61% of total purchases came from the top 10 suppliers. Any disruption in steel or other raw material supplies can affect production costs and availability.
- Operations concentrated in Maharashtra: Four of Hy-Tech Engineers’ six manufacturing units are located in Maharashtra. Together, these facilities contributed 77.64% of FY2026 revenue from operations.
- Expansion still needs to be executed: Hy-Tech Engineers plans to spend ₹29.97 crore on machinery across three units. At the time of the offer document, orders for this machinery had not yet been placed, so delays or higher costs remain possible.
Hy-Tech Engineers IPO Review
Hy-Tech Engineers has grown steadily over the last three financial years. Revenue from operations moved from ₹137.71 crore in FY2024 to ₹189.40 crore in FY2026. Profit nearly doubled over the same period, rising from ₹11.60 crore to ₹22.59 crore.
ROCE reached 24.40% in FY2026, while debt levels have also come down. In his Hy-Tech Engineers IPO analysis, SEBI-registered analyst Naveen Kumar looks beyond these headline numbers and places the improvement in debt and margins alongside the company’s product range, capacity use and offer structure. His view is more balanced than a simple growth story, particularly because the IPO includes a sizeable offer for sale and the business still has areas where capacity is not fully used.
Customer and supplier concentration add another level of risk. Investors may also want to look at the ₹53 upper price, the planned expansion and how effectively the company uses its existing capacity before taking a view on the issue.
Other Recent IPO List
The table below lists some current and upcoming IPOs around the Hy-Tech Engineers IPO period.
Hy-Tech Engineers IPO FAQs
Hy-Tech Engineers IPO is a mainboard book-built issue of about ₹135.73 crore at the upper price band. The price band is ₹50 to ₹53 per share, with listing proposed on BSE and NSE.
Investors can apply through their broker’s IPO section or through a bank using ASBA. UPI can be used to approve the blocked application amount where applicable.
Hy-Tech Engineers has reported higher revenue and profit, while its debt equity measure has declined. However, customer concentration, supplier dependence, geographical concentration and the IPO valuation should also be considered before applying.
The latest verified GMP is ₹5 as of 20 August 2026. This indicates an estimated price of ₹58 against the ₹53 upper price, or a 9.43% premium, but GMP does not guarantee listing returns.
Hy-Tech Engineers IPO will open for bidding on 24 August 2026 and close on 27 August 2026.
The lot size is 283 shares. At the upper price of ₹53, the minimum retail investment for one lot is ₹14,999.
The basis of allotment is tentatively scheduled for 28 August 2026. Share credit is expected on 31 August.
Hy-Tech Engineers shares are tentatively scheduled to list on BSE and NSE on 1 September 2026.
