Hy-Tech Engineers Limited
Open now24–27 Aug 2026
Updated 2026-08-24 (IST)
What Hy-Tech Engineers Limited does
HY-Tech Engineers Limited is 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. The company operates on a business-to-business model across both domestic and international markets, serving original equipment manufacturers (OEMs) and distributors.
Hy-Tech Engineers Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 138 | 161 | 189 | |
| Operating Profit | 23 | 36 | 42 | |
| OPM % | 16.4% | 22.2% | 22.0% | |
| Net Profit | 12 | 20 | 23 | |
| Total Debt | 41 | 44 | 30 |
Hy-Tech Engineers Limited IPO offer structure
Total: ₹60 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Use of proceeds- Funding capital expenditure requirement of our Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I: ₹30 cr
- Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by our Company: ₹16 cr
- General corporate purposes
Hy-Tech Engineers Limited promoters and holding
- Hemant Tukaram Mondkar: Chairman and Managing Director
- Surekha Hemant Mondkar: Whole-time Director
- Ashwin Hemant Mondkar: Non-Executive Director
Hy-Tech Engineers Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Integrated operations and product development capabilities (p.175)
- Diversified customer base with wide market reach (p.175)
- Experienced leadership, deep market understanding and industry credibility (p.177)
- Established global presence with access to growing international markets (p.177)
- We are dependent on a few customers for a major portion of our revenues with our top 10 customers contributing to 45.32%, 42.02% and 48.72% of our revenue from operations in the Fiscals 2026, 2025 and 2024, respectively. (p.23)
- We derive a significant portion of revenue from operations from exports, which accounted for 29.37%, 28.30% and 33.14% of our total revenues in Fiscal 2026, 2025 and 2024, respectively. (p.25)
- In the Fiscal 2024, we have experienced negative year on year growth in our profit after tax. (p.26)
- Four out of our six Manufacturing Facilities are located in Maharashtra, India and the balance two in Madhya Pradesh. (p.27)
- Under-utilization of our manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business. (p.27)
Hy-Tech Engineers Limited peer comparison: DRHP median P/E 107.0x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Aeroflex Industries Limited | Rs 502.75 +6.0% | 99.1x | 24.3% | 21.1% | live |
| Dynamatic Technologies Limited | Rs 11,595.75 -1.3% | 185.6x | 15.8% | 6.2% | live |
| Yuken India Limited | Rs 962.3 +1.1% | 84.1x | 9.3% | 5.0% | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Hy-Tech Engineers Limited 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 Limited outlook, as the document states it
To capitalize on growth opportunities, we plan to allocate capital expenditure towards expanding our Kavathe Unit, Shirwal Unit, and Pithampur Unit-I. This investment will focus on acquiring new manufacturing machinery, testing equipment, barrel auto plating plants, and installing solar power plants at these units.
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Hy-Tech Engineers Limited IPO: common questions
When does the Hy-Tech Engineers Limited IPO open and close?
The Hy-Tech Engineers Limited IPO is open from 24 Aug 2026 to 27 Aug 2026.
What is the Hy-Tech Engineers Limited IPO price band?
The price band is ₹50–₹53 per share.
What is the lot size and minimum investment for the Hy-Tech Engineers Limited 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.
What is the grey-market premium (GMP) for the Hy-Tech Engineers Limited IPO?
As of 24 Aug 2026 the indicative GMP is +37.7%. GMP is unregulated and self-reported. Never decide on it alone.
When are the Hy-Tech Engineers Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 28 Aug 2026, refund/unblock around 31 Aug 2026 and listing around 1 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Hy-Tech Engineers Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer →
How often do these actually open above the issue price?
Of the 351 mainboard IPOs that have listed on the NSE since 2021, 254 (72%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.