Hy-Tech Engineers IPO
ListedMainboardOpens 24 August 2026Closes 27 August 2026
Hy-Tech Engineers Limited (incorporated in 1978 as Hy-Tech Engineers Private Limited) is a precision engineering manufacturer specializing in hydraulic fittings, adaptors, and fluid power components. The company's…
Hy-Tech Engineers Limited (incorporated in 1978 as Hy-Tech Engineers Private Limited) is a precision engineering manufacturer specializing in hydraulic fittings, adaptors, and fluid power components. The company's product portfolio includes DIN (Metric) fittings, JIC flared and flareless fittings, conversion adaptors, O-ring face-seal fittings, soft-seal fittings, and mesh fittings, with an extensive catalogue of over 3,500 catalogued items and more than 10,000 fitting varieties. It operates six state-of-the-art manufacturing facilities located across Maharashtra (Thane, Shirwal, Kavathe, and Nashik) and Madhya Pradesh (Pithampur Unit-I and Unit-II), catering to domestic and global OEMs across construction machinery, agriculture/farming, automotive, and industrial hydraulic systems.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
24 Aug
IPO Closes
27 Aug
Allotment
28 Aug
Listing
1 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Allotment Date | 28 August 2026 |
| Listing Date | 1 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,999 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,987 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,986 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,89,934 |
BHNIAbove ₹10,00,000 | 67 | ₹10,04,933 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- 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 Cr).
- Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company (₹16.00 Cr).
- General Corporate Purposes.
Strengths
- Four decades of precision manufacturing expertise with integrated in-house product development and toolroom capabilities.
- Extensive product catalogue comprising over 3,500 standard items and 10,000+ fitting varieties across DIN, JIC, and conversion configurations.
- Diversified customer base across critical heavy engineering sectors including construction machinery, agriculture, and automotive.
- Established international export reach contributing 29.37% of revenue in FY26, with strong distribution presence in North America and Europe.
Weaknesses
- Customer concentration risk, with top 10 customers contributing 45.32% of FY26 revenue from operations without long-term supply contracts.
- Geographic concentration of manufacturing facilities, with 4 out of 6 plants in Maharashtra generating 77.64% of FY26 revenue.
- Working capital-intensive business model with working capital cycle days standing at 194 days in FY26.
- High dependence on raw material availability and pricing volatility for carbon steel and stainless steel inputs.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 175.71 | 170.65 | 146.24 |
| Revenue (₹ Cr.) | 189.4 | 161.38 | 137.71 |
| PAT (₹ Cr.) | 22.59 | 19.62 | 11.6 |
| Net Worth (₹ Cr.) | 122.02 | 101.25 | 82.22 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Hy-Tech Engineers | 3.63 | 19.63 | 20.24% | 122.02 |
| Yuken India Ltd | 3.21 | 76.97 | 3.88% | 274.68 |
| Dynamatic Technologies Ltd | 10.08 | 188.54 | 6.3% | 1,168.41 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.5x | 0.6x | 0.83x | 249.71x |
| NII | 9.02x | 25.21x | 84.57x | 412.95x |
| S-HNI | 15.6x | 43.2x | 142.71x | 556.45x |
| B-HNI | 5.73x | 16.22x | 55.49x | 341.2x |
| RII | 11.53x | 28x | 66.8x | 175.08x |
| Total | 7.84x | 19.57x | 51.76x | 247.38x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 51,22,042 | 1,27,90,02,086 | 6,778.71 |
| NII | 38,41,531 | 1,58,63,63,292 | 8,407.73 |
| Small NII | 12,80,510 | 71,25,44,758 | 3,776.49 |
| Big NII | 25,61,020 | 87,38,18,534 | 4,631.24 |
| RII | 89,63,571 | 1,56,93,68,293 | 8,317.65 |
| Total | 1,79,27,144 | 4,43,47,33,671 | 23,504.09 |
Company Details
- Hy-Tech Engineers Limited
- Plot No. A-160, Main Road, Wagle Industrial Estate, Thane – 400604, Maharashtra, India
- +91 22 4097 1916
- hytechcs@hy-techengineers.com
- https://www.hy-techengineers.com/
Registrar Details
- Bigshare Services Private Limited
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
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Sources
We match Hy-Tech Engineers IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.