Hy-Tech Engineers IPO: What the Issue Offered and How the Stock Listed
Hy-Tech Engineers IPO opened on August 24, 2026, with a price band of ₹50 to ₹53. Check the latest GMP, subscription status, IPO timeline, financial performance and key issue details.
Hy-Tech Engineers IPO: The ₹135.73 crore issue, a ₹60 crore fresh issue plus a ₹75.73 crore offer for sale, was open from 24 to 27 August 2026 at ₹50 to ₹53 per share. Allotment was completed on 28 August, and the stock listed on the NSE at ₹75 on 1 September 2026, a 41.50% premium to the issue price.
Hy-Tech Engineers IPO Details: Hy-Tech Engineers is an engineering company that designs, manufactures and supplies hydraulic fittings for various industries. With over four decades of experience, it offers more than 11,000 SKUs, including DIN-metric, JIC, ORFS, conversion and customised hydraulic fittings.
The company is coming up with a ₹135.73 cr IPO, which was a combination of fresh issue and OFS. Here are the key details of the Hy-Tech Engineers IPO.
Hy-Tech Engineers IPO Details
Here are the key dates and issue details.
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Hy-Tech Engineers IPO is worth ₹135.73 cr, and the issue is a combination of a fresh issue of ₹60 cr and offer for sale of ₹75.73 cr.
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Hy-Tech Engineers IPO opened for subscription on 24 Aug 2026 and closed on 27 Aug 2026. The price band was set between ₹50 to ₹53
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Hy-Tech Engineers IPO’s allotment took place on 28 Aug 2026 and the shares were listed on the BSE and NSE on 1 Sep 2026.
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Promoter and Promoter Group held 97.99% before the IPO, which came down to 71.23% after listing.
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The company planned to use ₹29.97 crore for capital expenditure, ₹16.00 crore for debt repayment, and the balance for general corporate purposes.
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Bigshare Services Pvt.Ltd was the registrar for the Hy-Tech Engineers IPO.
|
Parameter |
Detail |
|---|---|
|
IPO Open Date |
24 Aug 2026 |
|
IPO Close Date |
27 Aug 2026 |
|
Allotment Date |
28 Aug 2026 |
|
Listing Date |
1 Sep 2026 (BSE & NSE) |
|
Price Band |
₹50 to ₹53 per share |
|
Lot Size |
283 shares |
|
Minimum Investment |
₹14,999 |
|
Fresh Issue |
₹60 Cr |
|
Offer for Sale (OFS) |
₹75.73 Cr |
|
Total Issue Size |
₹135.73 Cr |
Hy-Tech Engineers IPO Listing Performance
Hy-Tech Engineers shares debuted on the NSE at ₹75 on 1 September 2026, marking a 41.50% premium to the IPO’s upper price band of ₹53.
The grey market had priced in a gain of roughly 85% before listing. The actual 41.5% premium was strong, but only about half of what the grey market had suggested.
About Hy-Tech Engineers IPO
Incorporated in December 1978, Hy-Tech Engineers designs and manufactures hydraulic fittings for various industries. With over four decades of experience, the company offers more than 11,000 products, including DIN-metric, JIC, ORFS, conversion and customised hydraulic fittings.
The company follows a B2B model and serves OEMs and industrial customers in India and overseas through direct sales and authorised distributors. Its products are used in construction equipment, automobiles, farming machinery, injection moulding machines and hydraulic systems. The company also has certifications for railway and defence applications. As of March 31, 2026, it had a presence in the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany.
Hy-Tech Engineers has manufacturing facilities in Thane, Shirwal, Kavathe and Pithampur. Its Nashik facility supplies forged components to these units, supporting the company's backward integration.
As of March 31, 2026, the company had 468 permanent employees and 253 contractual workers across production, finance, sales and marketing, quality control, supply chain, design and human resources.
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Strengths
- Integrated in-house operations (forging, machining, die-design) across 11,000+ SKUs, with 880-2,206 new SKUs added per fiscal year
- Diversified customer base — 170 direct customers in FY26, ~95% of revenue from repeat customers
- Experienced leadership — promoter has 40+ years in the sector (IIT Bombay alumnus)
- Established export presence in 11 countries, including an exclusive US distribution tie-up
Risk Factors
- Customer concentration — top 10 customers were 45.32% of FY26 revenue, purchase-order basis only
- Export/geographic dependence — 29.37% of revenue from exports, 21.42% from the US alone
- FY2024 saw a PAT decline of 35.59% year-on-year before recovering in FY25/FY26
- Manufacturing concentration — ~77.6% of revenue from Maharashtra-based facilities (4 of 6 plants)
Hy-Tech Engineers IPO Reservation
For Hy-Tech Engineers IPO, 35% of the issue has been reserved for retail investors. The table below shows the allocation across different investor categories.
|
Investor Category |
Shares Offered |
|---|---|
|
QIB Investors |
50% |
|
Retail Investors |
35% |
|
NII (HNI) Investors |
15% |
Hy-Tech Engineers IPO Lot Size
Retail investors could apply for a minimum of 1 lot, which includes 283 shares costing ₹14,999. Maximum investment allowed for retail investors is 13 lots, which totals 3,679 shares and costs ₹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 Financial Performance
Hy-Tech Engineers reported a PAT of ₹22.59 Cr as of 31 March 2026, up from ₹11.60 Cr in FY24. Over the past 3 years, the company’s PAT and PAT margin have grown steadily. All financial details are provided in the table below.
|
Period Ended |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|---|---|---|---|
|
Revenue from Ops (₹ Cr) |
189.40 |
161.38 |
137.71 |
|
Total Income (₹ Cr) |
193.44 |
166.71 |
141.17 |
|
EBITDA (₹ Cr) |
41.69 |
35.79 |
22.55 |
|
EBITDA Margin (%) |
22.01 |
22.18 |
16.38 |
|
PAT (₹ Cr) |
22.59 |
19.62 |
11.60 |
|
PAT Margin (%) |
11.68 |
11.77 |
8.21 |
|
ROE (%) |
20.24 |
21.39 |
15.11 |
|
ROCE (%) |
24.40 |
20.46 |
15.24 |
Source: Hy-Tech Engineers IPO RHP
Hy-Tech Engineers IPO Peer Comparison from RHP
Hy-Tech Engineers IPO has the lowest EPS among its peers. Higher EPS is always considered better. Below is a brief comparison of Hy-Tech Engineers IPO.
|
Company |
EPS Diluted |
P/E (X) |
|---|---|---|
|
Yuken India |
10.81 |
69.32 |
|
Dynamatic Technologies |
47.73 |
230.32 |
|
Aeroflex Industries |
4.28 |
107.04 |
|
Hy-Tech Engineers |
2.7 |
— |
Source: RHP
Conclusion
Hy-Tech Engineers IPO was a ₹135.73 crore issue combining a ₹60 crore fresh issue and a ₹75.73 crore offer for sale, priced at ₹50 to ₹53 per share. The hydraulic fittings maker, with more than four decades of operating history and over 11,000 SKUs, planned to spend ₹29.97 crore on capital expenditure and ₹16 crore on debt repayment from the proceeds. The stock listed at ₹75 on 1 September 2026, a 41.50% premium. Investors should now weigh its healthy margins against customer concentration and the cyclical nature of its end industries.
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