Pune: Hy-Tech Engineers IPO is set to open for subscription on Monday, August 24, 2026, with the company fixing the price band at ₹50 to ₹53 per equity share of face value ₹5.
The bidding for the Hy-Tech Engineers IPO will close on Thursday, August 27, 2026, while the Anchor Investor bidding is scheduled for Friday, August 21, 2026.
Investors can bid for a minimum of 283 equity shares and in multiples of 283 equity shares thereafter.
The Hy-Tech Engineers IPO comprises a fresh issue of equity shares aggregating up to ₹600 million, or ₹60 crore, along with an Offer for Sale (OFS) of up to 1,42,89,450 equity shares by existing shareholders.
Hy-Tech Engineers IPO: Key Dates and Price Band
The Hy-Tech Engineers IPO price band has been fixed at ₹50-₹53 per equity share. The issue will open on August 24 and remain open for subscription until August 27, 2026.
The key details of the Hy-Tech Engineers IPO are as follows:
- IPO Opening Date: Monday, August 24, 2026
- IPO Closing Date: Thursday, August 27, 2026
- Anchor Investor Bidding Date: Friday, August 21, 2026
- Price Band: ₹50-₹53 per equity share
- Face Value: ₹5 per equity share
- Minimum Bid: 283 equity shares
- Bid Multiples: 283 equity shares thereafter
- Fresh Issue: Up to ₹60 crore
- Offer for Sale: Up to 1,42,89,450 equity shares
- Proposed Listing: BSE and NSE
- Designated Stock Exchange: NSE
- Book Running Lead Manager: New Berry Capitals Limited
The Hy-Tech Engineers IPO will be conducted through the Book Building Process in accordance with the applicable provisions of the Securities Contracts (Regulation) Rules, 1957, and SEBI ICDR Regulations.
Hy-Tech Engineers IPO Offer Details
The fresh issue component of the Hy-Tech Engineers IPO will comprise equity shares aggregating up to ₹600 million, or ₹60 crore.
The Offer for Sale will comprise up to 1,42,89,450 equity shares being offered by existing shareholders. This includes up to 89,80,961 equity shares offered by Mr. Hemant Tukaram Mondkar and up to 53,08,489 equity shares offered by Mrs. Surekha Hemant Mondkar.
The Hy-Tech Engineers IPO is being offered through the Book Building Process. Not more than 50% of the Offer will be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs), subject to the provisions of the SEBI ICDR Regulations.
The company, in consultation with the Book Running Lead Manager (BRLM), may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations.
Of the Anchor Investor Portion, 40% will be reserved as follows:
- 33.33% for allocation to domestic Mutual Funds
- 6.67% for Life Insurance Companies and Pension Funds
The allocation will be subject to valid bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the price at which equity shares are allocated to Anchor Investors.
In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance equity shares will be added to the QIB Portion, excluding the Anchor Investor Portion.
Hy-Tech Engineers IPO: QIB, NII and Retail Allocation
Under the Hy-Tech Engineers IPO structure, 5% of the Net QIB Portion will be available for allocation on a proportionate basis to Mutual Funds only.
The remaining portion of the Net QIB Portion will be available for allocation on a proportionate basis to all QIBs, other than Anchor Investors, including Mutual Funds.
If aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance equity shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.
Not less than 15% of the Hy-Tech Engineers IPO will be available for allocation to Non-Institutional Bidders. Of this portion, one-third will be reserved for applicants with an application size of more than ₹0.20 million and up to ₹1.00 million.
The remaining two-thirds of the Non-Institutional portion will be reserved for applicants with an application size of more than ₹1.00 million. Any unsubscribed portion in either sub-category may be allocated to applicants in the other sub-category of Non-Institutional Bidders.
Not less than 35% of the Offer will be available for allocation to Retail Individual Bidders, subject to valid bids being received at or above the Offer Price and in accordance with the SEBI ICDR Regulations.
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Hy-Tech Engineers IPO: ASBA and UPI Process
All bidders, except Anchor Investors, are required to mandatorily use the Application Supported by Blocked Amount (ASBA) process to participate in the Hy-Tech Engineers IPO.
Bidders will be required to provide details of their respective ASBA accounts and UPI ID, where applicable. The corresponding bid amounts will be blocked by Self Certified Syndicate Banks (SCSBs) or through the UPI mechanism, as applicable.
Anchor Investors will not be permitted to participate in the Anchor Investor Portion of the Hy-Tech Engineers IPO through the ASBA process.
Hy-Tech Engineers Business and Product Portfolio
Hy-Tech Engineers Limited is engaged in the design, manufacture and supply of hydraulic fittings for diverse industrial applications.
The company operates on a business-to-business (B2B) model across domestic and international markets, serving original equipment manufacturers (OEMs) and other industrial customers.
With more than four decades of operational experience, Hy-Tech Engineers currently operates six manufacturing facilities in India. These facilities are located in Thane, Shirwal in Satara, Kavathe in Satara, Nashik and two units in Pithampur, Madhya Pradesh.
The company’s product portfolio includes standard hydraulic fittings such as DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings. It also manufactures fittings customised according to customer specifications.
As of March 31, 2026, Hy-Tech Engineers’ product portfolio comprised more than 11,000 stock keeping units (SKUs) of hydraulic fittings.
The company also has an international presence across markets including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany.
Hy-Tech Engineers Financial Performance
According to the information provided for the Hy-Tech Engineers IPO, the company reported revenue of ₹189.40 crore for the financial year ended March 31, 2026.
Hy-Tech Engineers recorded EBITDA of ₹41.68 crore and Profit After Tax (PAT) of ₹22.59 crore as of March 31, 2026.
The company’s financial performance forms part of the information disclosed in connection with the Hy-Tech Engineers IPO.
Hy-Tech Engineers IPO Listing
The equity shares offered through the Hy-Tech Engineers IPO are proposed to be listed on both BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
For the purposes of the Offer, NSE has been designated as the Designated Stock Exchange.
New Berry Capitals Limited is the sole Book Running Lead Manager (BRLM) to the Hy-Tech Engineers IPO.
The company’s Red Herring Prospectus is available here: Hy-Tech Engineers Limited RHP
