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InvestmentsIPOHy-Tech Engineers IPO

Hy-Tech Engineers IPO

Mainboard

Open Date

24 Aug 2026

Close Date

27 Aug 2026

Min Investment

₹ 14,999

Lot Size

283

Issue Size

₹ 135.73 Cr

Price Range

₹ 50 - ₹ 53

Subscribed

13.64 x
Apply Now
status

IPO Open Now.

IPO Timeline
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IPO Offer Start
24 Aug 2026
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IPO Offer Ends
27 Aug 2026
check
Allotment Finalisation
28 Aug 2026
check
Refund Initialisation
31 Aug 2026
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Non-Institutional Buyers (sHNI)
31 Aug 2026
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Listing of Shares
1 Sep 2026
IPO Subscription Details as on 25 Aug 2026, 12:34 PM
Qualified Instituational Buyers (QiB)
0.55 x
Retail
19.7 x
Total
13.64 x
Non-Institutional Buyer (bHNI)
10.11 x
Non-Institutional Buyer (sHNI)
28.07 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company 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's product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. As of March 31, 2026, the company's portfolio consists of more than 11,000 stock keeping units (SKUs) of hydraulic fittings, serving diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. The company operates on a business-to-business (B2B) model across both domestic and international markets with six operational manufacturing facilities in India.
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Founded In

1978

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CEO

Surekha Hemant Mondkar

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DRHP

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Financials of Hy Tech Engineers IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue137.71161.38189.40
Other Income3.465.334.03
Total Income
141.17166.71193.44
Total Expenses
125.37140.51162.87
Profit Before Tax15.8026.1930.56
Total Profit
11.6019.6222.59

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize Net Proceeds for acquiring advanced manufacturing machinery, CNC machines, testing equipment, barrel auto plating plants, and solar power installations to enhance operational efficiency, boost productivity, and strengthen sustainable practices across three manufacturing units.30
The company intends to utilize Net Proceeds towards repayment/prepayment of outstanding borrowings to de-leverage its financial position, achieve favorable debt-equity ratio, reduce interest outflow, and enable additional investment in business growth and expansion.16
The company proposes to deploy balance Net Proceeds for general corporate purposes including funding growth opportunities, strengthening marketing capabilities, brand building exercises, meeting working capital requirements, business development initiatives, and other expenses as approved by the Board.-
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  • Integrated operations and product development capabilities: The company offers over 11,000 SKUs comprising standard hydraulic fittings and develops 880-2,206 new SKUs annually. The company operates with backward integration at Nashik Unit with 3,120 MT forging capacity and 483 lakh pieces manufacturing capacity across facilities.
  • Diversified customer base with wide market reach: The company served 170 direct customers in Fiscal 2026 with exports contributing 29.37% of revenues across eleven countries. The company maintains dual-channel approach with direct sales (88.42%) and distributor network (11.58%) reducing dependence on single sales channels.
  • Experienced leadership, deep market understanding and industry credibility: The company benefits from over four decades of experience led by IIT Bombay alumnus promoter. The company achieved 95.10% revenues from repeat customers in Fiscal 2026 and overseas sales grew at 6.08% CAGR from ₹283.77 million to ₹338.71 million.
  • Established global presence with access to growing international markets: The company operates across eleven countries including USA (21.42% of revenues), Belgium (6.14%), and Poland (1.22%). The company leverages distribution agreement with Hy-Tech USA Inc. contributing 3.54% of revenue from operations in Fiscal 2026.
  • Decentralized cell-based manufacturing model: The company follows cell-based manufacturing with smaller self-contained cells aligned to specific customer requirements. The company maintains decentralized accountability framework with plant heads responsible for operational performance supported by central procurement teams.

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