Hy-Tech Engineers IPO
Listed +41.5%24–27 Aug 2026
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Our IPO analysis
What stands out in the offer document
The five questions
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1How it makes money₹23 of every ₹100 of sales comes from its "Construction" segment.
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2Is it growing, and is profit turning into cash?Sales rose 21% from 2023 to 2025 (₹133 cr → ₹161 cr). Over 3 years it made ₹49.2 cr of profit and brought in ₹66.7 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.43 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyOf every ₹100 raised, ₹47 goes to existing shareholders selling. At ₹53 you pay about ₹27 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 98% before the IPO.
What the document doesn't lead with
Each line pairs what the document leads with and what it also prints, with both pages.
From the draft document. The final prospectus may change it.
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Latest update:
Listed at ₹75 vs ₹53 issue price (+41.5%) · Day-one close ₹79 · GMP before listing +75.5% implied, 34.0 pp above the actual open · Subscribed 244.41× (QIB 255.8× · NII 402.3× · Retail 170.6×) · Price band ₹50–₹53 · Closed 27 Aug 2026 · Listed 1 Sep 2026 (Confirmed)
How it actually listed
₹75 on open, against a ₹53 issue price +41.5%
It ended its first day at ₹79 (+48.6% against the issue price), per the NSE's price archive.
On the BSE it opened at ₹72 and closed at ₹76, per the BSE's price archive.
Before it listed, the grey market implied +75.5%. The shares opened 34.0 pp below what that implied. It pointed the right way on whether they would open above the issue price. GMP is unregulated and self-reported.
What Hy-Tech Engineers does
We are an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry.
Hy-Tech Engineers financials
Rs crore · Annual| 2023 | 2024 | 2025 | ||
|---|---|---|---|---|
| Sales | 133 | 138 | 161 | |
| Operating Profit | 31 | 23 | 36 | |
| OPM % | 23.5% | 16.4% | 22.2% | |
| Net Profit | 18 | 12 | 20 | |
| Total Debt | 21 | 41 | 44 |
Hy-Tech Engineers IPO offer structure
Total: ₹136 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Funding capital expenditure requirements of our Company towards procurement of new plant and machinery for proposed expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I: ₹32 cr
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company: ₹18 cr
Hy-Tech Engineers promoters and holding
- Hemant Tukaram Mondkar: Chairman and Managing Director
- Surekha Hemant Mondkar: Executive Director
- Ashwin Hemant Mondkar: Non-Executive Director
Hy-Tech Engineers risks and strengths
- We are dependent on a few customers for a major portion of our revenues. (p.37)
- We derive a significant portion of revenue from operations from exports out of which a substantial portion is generated from the United States of America. (p.39)
- We are dependent on our suppliers for raw materials used in our manufacturing processes. (p.40)
Hy-Tech Engineers market and competition
According to the CARE Report, the Indian hydraulic fittings industry is largely dominated by small and medium enterprises (SMEs), with only a few large players. With presence of several unorganized players (more than 90% of the industry is unorganized), the competitive intensity is high.
Hy-Tech Engineers IPO: common questions
When does the Hy-Tech Engineers IPO open and close?
The Hy-Tech Engineers IPO is open from 24 Aug 2026 to 27 Aug 2026.
What is the Hy-Tech Engineers IPO price band?
The price band is ₹50–₹53 per share.
What is the lot size and minimum investment for the Hy-Tech Engineers IPO?
One lot is 283 shares, and a retail application must be at least one lot. That is about ₹14,999 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Hy-Tech Engineers IPO subscribed?
As of 10 Oct 2026 the total subscription is 244.41×.
When does the Hy-Tech Engineers IPO list?
The listing date is 1 Sep 2026.
How do I check the Hy-Tech Engineers IPO allotment status?
On the allotment status page published by Bigshare Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Hy-Tech Engineers IPO allotment status
Listed 1 Sep 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is Bigshare Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →