Hy-Tech Engineers IPO is announced to open on 24th August and close on 27th August. Hy-Tech Engineers IPO Book Issue Through Subscription Approx. ₹135.73 crore through the IPO, comprising a fresh issue of ₹60 crore and an 'Offer for Sale' of up to 14,289,450 equity shares with a face value of ₹5 each.
The price band for the Hy-Tech Engineers IPO is set at ₹50 to ₹53 per share. The allocation quotas are 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares will be listed on the BSE and NSE on September 1, 2026, with the share allotment scheduled for August 28, 2026.
The company reported revenue of ₹193.44 crore in 2026, compared to ₹166.71 crore in 2025. Its profit stood at ₹22.59 crore in 2026, up from ₹19.62 crore in 2025. Based on these financial figures, investors should consider investing in the IPO with a long-term perspective.
Hy-Tech Engineers Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 283 | 14999 | 31673 |
| sHNI | 14 | 3962 | 209986 | 323 |
| bHNI | 67 | 18961 | 1004933 | 646 |
Hy-Tech Engineers Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 25610204 | 100% |
| Anchor | 7683060 | 30% |
| QIB | 5122042 | 20% |
| HNI | 3841531 | 15% |
| Retail | 8963571 | 35% |
Hy-Tech Engineers About
IPO Details
| Total Issue Size | 25,610,204 shares (aggregating up to ₹135.73 Cr) |
| Fresh Issue | 11,320,754 shares (aggregating up to ₹60.00 Cr) |
| Offer for Sale | 14,289,450 shares (aggregating up to ₹75.73 Cr) |
| Face Value | ₹5/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE , NSE |
| Share Holding Pre Issue | 83,531,840 shares |
| Share Holding Post Issue | * shares |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 20.24% | 21.39% | 15.11% |
| ROCE | 24.40% | 20.46% | 15.24% |
| EPS (BASIC) | 2.70 | 2.35 | 1.39 |
| P/E Pre IPO | 19.62 | ||
| P/E Post IPO |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 175.50 | 170.65 | 146.24 |
| Total Income | 193.43 | 166.71 | 141.17 |
| Profit After Tax | 22.59 | 19.62 | 11.6 |
| EBITDA | 41.68 | 35.79 | 22.55 |
| NET Worth | 122.01 | 101.25 | 82.22 |
| Reserves and Surplus | 80.25 | 59.49 | 81.84 |
| Total Borrowing | 29.76 | 43.53 | 40.84 |
Peer Comparison (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Hy-Tech Engineers Limited | 19.62 | 5.00 |
| Aeroflex Industries Limited | 107.04 | 2.00 |
| Dynamatic Technologies Limited | 230.32 | 10.00 |
| Yuken India Limited | 69.32 | 10.00 |
SOURCE:RHP,All the financial information for listed industry peers mentioned above is on a consolidated/Consolidated basis as available sourced from the financial Reports of the peer company uploaded on the NSE website for the year ended March 31, 2026. P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on August 05, 2026, divided by the Diluted EPS.
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Hy-Tech Engineers Limited | 14.61 | 20.24 | 2.70 |
| Aeroflex Industries Limited | 33.80 | 14.06 | 4.28 |
| Dynamatic Technologies Limited | 1168.41 | 7.89 | 47.73 |
| Yuken India Limited | 274.66 | 4.27 | 10.81 |
About Company
Hy-Tech Engineers Limited was incorporated in 1978 as Hy-Tech Engineers Private Limited and was converted into a public limited company in 2022.
Hydraulic Fittings Expertise
With 40+ years of experience, the Company designs, manufactures and supplies hydraulic fittings for diverse industrial applications. Its portfolio includes 10,000+ SKUs, covering DIN-metric, JIC, ORFS, conversion and customized fittings.
Diversified Industry Applications
The products serve industries including construction machinery, automotive, agricultural machinery, injection moulding machines and hydraulic systems. Certifications also enable the Company to cater to railways and defence sectors.
Strong Manufacturing Network
The Company operates 6 manufacturing facilities—4 in Maharashtra (Thane, Shirwal, Kavathe and Nashik) and 2 in Madhya Pradesh. The Nashik facility is dedicated to forging for captive consumption, while the remaining facilities manufacture hydraulic fittings.
Key Capabilities
- In-house Design & Development
- Decentralized Cell-Based Manufacturing
- In-house Forging Facility
- Dedicated Cells for Key Customers
- Multi-spindle CNCs & SPMs
- Automated Zinc-Nickel Plating Plants
- Stringent Quality Standards
Strength
Integrated Operations & Product Development: Offers 11,000+ SKUs of hydraulic fittings, with capability to develop application-specific products. Added 880 new SKUs in FY2026, demonstrating strong product development and adaptability.
Diversified Customer Base & Wide Reach: Serves 170 direct customers and has 7 distributors/distribution partners, providing access to diverse customer segments across domestic and 176 overseas markets while reducing dependence on a single channel or industry.
Decentralized Cell-Based Manufacturing: A cell-based manufacturing model with dedicated oversight for production, quality and design promotes accountability, customer focus, consistent delivery and alignment with customer requirements.
Risk Factors
Growth & Expansion Risk: The Company experienced negative YoY PAT growth in FY2024 and may face challenges in managing expansion or implementing growth strategies within planned timelines and budgets.
Dependence on Third-Party Logistics: Reliance on third-party logistics providers creates risks of transportation delays, accidents or disruptions, which may affect the supply chain, financial performance and cash flows.
Machinery Procurement & Expansion Risk: No firm orders have been placed for machinery required for planned expansion. Delays in ordering or vendor supply, price revisions and cost escalations could result in time and cost overruns.
Conclusion
The issue appears promising for both listing gains and medium-term investment. For those seeking short-term or listing gains: a stable GMP indicates strong grey market interest, with an initial listing pop of approximately 35%–50% anticipated. For long-term investors: the utilization of fresh proceeds (₹16 crore) for debt reduction and capacity expansion (₹29.97 crore for CNC automation) signals improved operational efficiency and earnings growth ahead. (Note: Monitor overall market sentiment and actual subscription figures on the second and third days before placing your bid.)