Hy-Tech Engineers
Hy-Tech Engineers Limited is a specialist in the hydraulics industry with over 40 years of experience, manufacturing and supplying a wide range of hydraulic fittings. The company operates in the industrial components sector, providing products for construction, automotive, and agricultural machinery.
Price Band
₹50 - ₹53
Lot Size
283 Shares
Issue Size
₹135.73 Cr
Fresh Issue
₹60.00 Cr
OFS
₹75.73 Cr
Registrar
AI Sentiment Score
Current GMP
+₹22
Est. Listing: ₹75 (+41.5%)
📅 IPO Timeline
1
Open
Aug 24
2
Close
Aug 27
3
Allotment
Aug 28
4
Refund
Aug 31
5
Demat
Aug 31
6
Listing
Sep 1
✨ AI Analysis & Prediction
+29.6%
predicted listing gain
The listing gain is adjusted slightly downward from the GMP baseline due to lack of institutional subscription data (0.0x), but supported by a small float scarcity squeeze and strong financial health (ROE > 20%). The hybrid issue structure (Fresh Issue + OFS) avoids the Pure OFS penalty, keeping sentiment moderately positive.
💪 Strengths
- Strong financial growth with PAT nearly doubling between FY24 and FY26
- High operational efficiency with ROCE at 24.4% and ROE at 20.24%
- Backward integration through the Nashik forging unit
⚠️ Weaknesses
- Significant Offer for Sale (OFS) component relative to the fresh issue
- Dependence on specific industrial sectors like construction and agriculture
🚀 Opportunities
- Expansion of production capacity at Kavathe, Shirwal, and Pithampur units
- Diversification of the 11,000+ product range for new industrial applications
🛡️ Threats
- Cyclical nature of the hydraulics and automotive industries
- Competition from established global and domestic hydraulic fitting suppliers
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| 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 | ₹29.97 |
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company | ₹16.00 |
| General Corporate Purposes | ₹89.76 |
📊 Financial Overview
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 133.00 Cr | Rs 138.00 Cr | Rs 161.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 18.00 Cr | Rs 12.00 Cr | Rs 20.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 32.00 Cr | Rs 23.00 Cr | Rs 36.00 Cr |
| Borrowings (₹ Cr) | Rs 21.00 Cr | Rs 41.00 Cr | Rs 44.00 Cr |
| Total Assets (₹ Cr) | Rs 124.00 Cr | Rs 146.00 Cr | Rs 171.00 Cr |
| ROCE % | 31.00% | 17.00% | 21.00% |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
Updated: Aug 22, 2026 8:03 AM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Hy-Tech Engineers Limited has established a formidable presence in the hydraulics industry over a span of more than 40 years. The company specializes in the design, manufacture, and supply of hydraulic fittings, offering an extensive portfolio of 11,000 types of products, including DIN-metric, JIC, ORFS, and customized fittings.
Their business model is built on versatility and precision, serving critical needs across multiple heavy-industry sectors. Their products are integral to the operation of construction machinery, automobiles, agricultural machinery, and injection moulding machines, as well as various complex hydraulic systems.
The company maintains a robust operational scale with manufacturing facilities strategically located in Thane, Shirwal, Kavathe, and Pithampur. To ensure quality and cost-efficiency, they have implemented a backward integration strategy via a Nashik unit that supplies forged components to their other plants.
The company is led by promoters Hemant Tukaram Mondkar, Surekha Hemant Mondkar, and Ashwin Hemant Mondkar. Their long-term industry experience has allowed the company to scale its production capabilities and maintain a diverse product catalog to meet varying industrial specifications.
Hy-Tech Engineers is launching a Mainboard IPO to raise approximately ₹135.73 Crores. The issue is structured as a combination of a fresh issue of ₹60 Crores and an Offer for Sale (OFS) of approximately 1,42,89,450 equity shares. The price band is set between ₹50 to ₹53 per share, with a minimum retail lot size of 283 shares requiring an application amount of ₹14,999. The IPO opens on August 24, 2026, closes on August 27, 2026, and is slated for listing on the BSE and NSE on September 1, 2026.
The proceeds from the fresh issue are earmarked for growth and debt management. Specifically, ₹29.97 Crores will be used for capital expenditure to procure machinery and equipment for expansion at the Kavathe, Shirwal, and Pithampur units, while ₹16.00 Crores will be utilized for the prepayment or repayment of certain outstanding borrowings.
Financially, the company has shown a consistent upward trajectory. Revenue grew from ₹141.17 Crores in FY24 to ₹166.71 Crores in FY25, reaching ₹193.44 Crores in FY26. Similarly, the Profit After Tax (PAT) increased from ₹11.6 Crores in FY24 to ₹22.59 Crores in FY26, reflecting improving operational efficiency and market demand.
From a valuation perspective, the company reports a Basic EPS of ₹2.70 and a Net Asset Value (NAV) of ₹14.61. While a specific P/E is not provided, peer comparisons with companies like Aeroflex and Yuken India suggest the company operates in a high-multiplier sector. Key strengths include high ROE (20.24%) and ROCE (24.40%). However, investors should note the significant OFS component, which indicates partial promoter exit. Overall, the IPO presents a balance of growth potential and established industry presence.