Hy-Tech Engineers Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹50 - ₹53
- Lot size
- 283 shares
- Issue amount
- ₹135.73 cr
- Total subscription
- 247.39×
- Opens
- 24 Aug 2026
- Closes
- 27 Aug 2026
- Allotment
- 28 Aug 2026
- Listing
- 1 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 2,56,10,204 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,150
- Fresh issue
- ₹60 cr
- Offer for sale
- ₹75.73 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,999
- Issue type
- Bookbuilding IPO
- Shares before issue
- 8,35,31,840
- Shares after issue
- 9,48,52,594
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 283 | ₹14,999 |
| sHNI | 14 | 3,962 | ₹2,09,986 |
| bHNI | 67 | 18,961 | ₹10,04,933 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 31,673 | 44,40,856 |
| HNIs(10L +) | 646 | 44,708 |
| HNIs (2-10L) | 323 | 1,70,477 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 27.15 | 6,778.71 |
| FIIs | 0 | 1,099.43 |
| FIs | 0 | 2,189.41 |
| Mutual Funds | 0 | 167.84 |
| Others | 0 | 3,322.03 |
| RETAIL | 47.51 | 8,318.74 |
| HNIs 2+ | 6.79 | 3,776.66 |
| HNIs 10+ | 13.57 | 4,631.24 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 2.7 | 2.35 | 1.39 |
| ROE | 20.24 | 21.39 | 15.11 |
| ROCE | 24.4 | 20.46 | 15.24 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 19.62 | 0 | 0 |
| POST IPO(PE) | 22.27 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Hy-Tech Engineers Limited | 19.62 | 0 | 5.00 | 14.61 | 20.24 | 2.70 |
| Aeroflex Industries Limited | 107.04 | 0 | 2.00 | 33.80 | 14.06 | 4.28 |
| Dynamatic Technologies Limited | 230.32 | 0 | 10.00 | 1168.41 | 7.89 | 47.73 |
| Yuken India Limited | 69.32 | 0 | 10.00 | 274.66 | 4.27 | 10.81 |
Company information
Company profile
Founded in 1978, Hy-Tech Engineers Ltd. is a manufacturer of hydraulic fittings used in various industrial applications, offering products such as DIN metric fittings, JIC fittings, O-ring face seal fittings, conversion adaptors, and other specialized fittings. The company operates four modern manufacturing facilities located in Thane, Pune (Shirwal), Nashik, and Pithampur, and has a wide product range with over 3,500 items and more than 10,000 fitting variants. It follows a B2B business model, serving both domestic and international markets through direct sales to OEMs and industrial clients, as well as through authorized distributors. As of March 31, 2025, the company had 425 permanent employees along with around 260 contract workers.
Strengths
- Integrated Operations & Product Development: The company offers 11,000+ hydraulic fitting SKUs and develops application-specific products. It added 880 new SKUs in FY2026, reflecting strong innovation and adaptability.
- Diversified Customer Base & Wide Reach: The company serves 170 direct customers through 7 distributors and distribution partners, reaching diverse markets across India and 176 overseas markets.
- Decentralized Cell-Based Manufacturing: Its cell-based manufacturing model provides dedicated oversight for production, quality, and design, supporting accountability, consistent delivery, and customer-focused operations.
Risk factors
- Growth & Expansion Risk: The company recorded negative year-on-year PAT growth in FY2024 and may face challenges in executing expansion plans within the targeted timelines and budgets.
- Dependence on Third-Party Logistics: The company relies on external logistics providers for transportation. Delays, accidents, or service disruptions could affect supply chains, cash flows, and financial performance.
- Machinery Procurement & Expansion Risk: Machinery required for planned expansion has not yet been firmly ordered. Delays in procurement, vendor issues, price increases, or cost overruns could delay expansion and increase project costs.
Promoters
Hemant Tukaram Mondkar
Surekha Hemant Mondkar
Ashwin Hemant Mondkar
Registrar & documents
Lead manager
New Berry Capitals Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. A-160, Main Road, Wagle Industrial Estate, Thane, Maharashtra, 400604
+91 22 4097 1916
[email protected]Company website ↗Understanding HTEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.