Hy-Tech Engineers IPO: Price Band, Lot Size, Financials & Review
Hy-Tech Engineers IPO listed on BSE & NSE on Tue, 1 Sep 2026. The issue was subscribed 244.41x overall.
Last updated
- Price band
- ₹50 – ₹53
- Lot size
- 283 shares
- Min. investment
- ₹14,999
- Issue size
- ₹135.73 Cr
- Last GMP
- +₹45
- Subscribed
- 244.41x
Hy-Tech Engineers IPO details
Hy-Tech Engineers IPO is a ₹135.73 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹60 Cr (44.21%) with an offer for sale of ₹75.73 Cr (55.79%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Mon, 24 Aug 2026 to Thu, 27 Aug 2026. Allotment was finalised on Fri, 28 Aug 2026, and the shares listed on BSE & NSE on Tue, 1 Sep 2026.
The price band is ₹50 to ₹53 per share and the lot size is 283 shares, so the minimum retail application is ₹14,999. Retail investors can apply for up to 13 lots (3,679 shares, ₹1,94,987).
Bigshare Services Pvt Ltd is the registrar, and New Berry Capitals Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Hy-Tech Engineers IPO GMP before listing was +₹45 (+84.91% against the upper price band of ₹53), implying an estimated listing price of ₹98. Across 9 days of tracking, GMP ranged from +₹5 (19 Aug) to +₹45 (27 Aug).
| Last GMP | +₹45 |
|---|---|
| GMP vs upper band | +84.91% |
| Estimated listing price | ₹98 |
| Highest (27 Aug) | +₹45 |
| Lowest (19 Aug) | +₹5 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Hy-Tech Engineers IPO day-wise GMP.
Subscription
Day-wise subscription →Hy-Tech Engineers IPO was subscribed 244.41x overall: QIB 255.77x, NII 402.29x and retail 170.58x.
| Category | Subscribed |
|---|---|
| QIB | 255.77x |
| NII | 402.29x |
| └ bNII (above ₹10 lakh) | 332.38x |
| └ sNII (₹2–10 lakh) | 542.10x |
| Retail | 170.58x |
| Total | 244.41x |
Final figures at the close of bidding on 27 Aug 2026. Category-wise bids, application-wise breakup and allotment chances are on the Hy-Tech Engineers IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 76,83,060 | 30.00% |
| Qualified Institutions | 51,22,042 | 20.00% |
| Non-Institutional | 38,41,531 | 15.00% |
| └ BNII | 25,59,452 | 9.99% |
| └ SNII | 12,79,726 | 5.00% |
| Retail Investors | 89,63,571 | 35.00% |
| Total | 2,56,10,204 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Hy-Tech Engineers IPO lot size
| 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 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹60 Cr (44.21%) with an offer for sale of ₹75.73 Cr (55.79%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹53, the issue is priced at 19.63x pre-issue earnings and 22.27x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 107.04x (3 companies).
Promoter holding falls from 97.99% before the issue to 71.23% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹2.7 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 19.63x |
| EPS (post-issue) EPS on the enlarged share capital | ₹2.38 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 22.27x |
| Promoter holding (pre-issue) | 97.99% |
| Promoter holding (post-issue) | 71.23% |
Hy-Tech Engineers Limited financials
Between 31 Mar 2024 and 31 Mar 2026, revenue rose from ₹141.17 Cr to ₹193.44 Cr, and profit after tax rose from ₹11.6 Cr to ₹22.59 Cr. The PAT margin for 31 Mar 2026 was 11.68%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 175.71 | 170.65 | 146.24 |
| Revenue | 193.44 | 166.71 | 141.17 |
| Profit After Tax | 22.59 | 19.62 | 11.60 |
| Net Worth | 122.02 | 101.25 | 82.22 |
| Reserve & Surplus | 80.25 | 59.48 | 81.84 |
| Total Borrowings | 29.76 | 43.53 | 40.84 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 20.24 | 21.39 | 15.11 |
| ROCE % | 24.40 | 20.46 | 15.24 |
| RoNW % | 20.24 | 21.39 | 15.11 |
| Pat Margin % | 11.68 | 11.77 | 8.21 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Hy-Tech Engineers Ltd | 5 | — | 2.70 | 2.70 | 20.24% | 14.61 |
| Aeroflex Industries Ltd | 2 | 107.04 | 4.28 | 4.28 | 14.06% | 33.80 |
| Dynamatic Technologies Ltd | 10 | 230.32 | 47.73 | 47.73 | 7.89% | 1,168.41 |
| Yuken India Limited | 10 | 69.32 | 10.81 | 10.81 | 4.27% | 274.66 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
About Hy-Tech Engineers Limited
Hy-Tech Engineers Limited, incorporated in December 1978, is an engineering company engaged in the design, manufacture and supply of hydraulic fittings for a wide range of industrial applications. With more than four decades of experience in the hydraulics industry, the Company has established a diversified product portfolio comprising over 11,000 SKUs. Its offerings include DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings and customized hydraulic fittings designed to meet specific customer requirements.
The Company follows a B2B business model, catering to both domestic and international markets. It serves OEMs and industrial customers through a combination of direct sales, authorized distributors and distribution partners. Its products are used across several industries, including construction machinery, automotive, agricultural and farming machinery, injection moulding machines and hydraulic systems. In addition, certifications for railway and defence applications provide the Company with access to specialized and regulated market segments.
As of March 31, 2026, Hy-Tech Engineers had an international presence across several key markets, including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, the UAE, Thailand and Germany. This geographical presence supports the Company's international sales and enables it to serve customers across multiple industrial markets.
Manufacturing and Backward Integration
Hy-Tech Engineers operates manufacturing facilities located at Thane, Shirwal, Kavathe and Pithampur. These facilities are supported by the Company's Nashik unit, which manufactures and supplies forged components to the other manufacturing facilities. This backward integration strategy provides greater control over the Company's component supply chain and supports manufacturing efficiency, quality control and production continuity.
Human Resources
As of March 31, 2026, the Company employed 468 permanent employees and had a contractual workforce of 253 personnel. Its workforce spans key operational and corporate functions, including production, finance, sales and marketing, quality control, supply chain management, design and human resources.
Overall, with its long-standing industry presence, extensive product portfolio, diversified customer base, international market reach, integrated manufacturing capabilities and experience across multiple industrial applications, Hy-Tech Engineers Limited has developed a broad-based platform for serving the hydraulic fittings and components market in India and overseas.
Promoters
- Hemant Tukaram Mondkar
- Surekha Hemant Mondkar
- Ashwin Hemant Mondkar
Objects of the issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
Funding capital expenditure requirement of the Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and procurement Pithampur Unit-I
Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company
General Corporate Purposes
Contact details
Hy-Tech Engineers Ltd.
Plot No. A-160, Main Road,
Wagle Industrial Estate,
Thane, Maharashtra, 400604
Phone: +91 22 4097 1916
Email: hytechcs@hy-techengineers.com
Website: https://www.hy-techengineers.com/
Hy-Tech Engineers IPO FAQs
- What is the Hy-Tech Engineers IPO price band?
- The Hy-Tech Engineers IPO price band is ₹50 to ₹53 per share.
- What is the Hy-Tech Engineers IPO lot size and minimum investment?
- The Hy-Tech Engineers IPO lot size is 283 shares. The minimum retail investment is ₹14,999 for one lot at the upper price band. Retail investors can apply for up to 13 lots (3,679 shares), costing ₹1,94,987.
- When was Hy-Tech Engineers IPO open for subscription?
- Hy-Tech Engineers IPO was open for subscription from Mon, 24 Aug 2026 to Thu, 27 Aug 2026.
- What is the Hy-Tech Engineers IPO subscription status?
- Hy-Tech Engineers IPO was subscribed 244.41x overall: QIB 255.77x, NII 402.29x and retail 170.58x. Day-wise and category-wise figures are on the subscription page.
- What was the Hy-Tech Engineers IPO GMP before listing?
- The last Hy-Tech Engineers IPO GMP before listing was +₹45 (+84.91% against the upper price band of ₹53), implying an estimated listing price of ₹98. Across 9 days of tracking, GMP ranged from +₹5 (19 Aug) to +₹45 (27 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Hy-Tech Engineers IPO allotment date?
- The Hy-Tech Engineers IPO basis of allotment was finalised on Fri, 28 Aug 2026. You can check your allotment status on the Bigshare Services Pvt Ltd website.
- What is the Hy-Tech Engineers IPO listing date?
- Hy-Tech Engineers IPO listed on BSE & NSE on Tue, 1 Sep 2026.
- Is the Hy-Tech Engineers IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹60 Cr (44.21%) with an offer for sale of ₹75.73 Cr (55.79%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Hy-Tech Engineers IPO?
- The registrar for the Hy-Tech Engineers IPO is Bigshare Services Pvt Ltd, and the book running lead manager is New Berry Capitals Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.