Hy-Tech Engineers
OPENIPO Date: 24 Aug - 27 Aug 2026
Listing Date: 31 Aug 2026
Price Range
Rs.50 - Rs.53
Issue Size
136 Cr
Min Investment
₹14,150
Lot Size
283 Shares
Schedule of Hy-Tech Engineers
Issue open date
24 Aug 2026
Issue close date
27 Aug 2026
UPI mandate deadline
27 Aug 2026 (5 PM)
Allotment finalization
28 Aug 2026
Share credit
31 Aug 2026
Listing date
31 Aug 2026
Mandate end date
11 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 136 Cr |
| Fresh Issue | 60 Cr |
| Offer for Sale | 75.73 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 28 Aug 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 25 Aug 2026 | ₹53 | ₹30 | ₹83 (56.6%) |
| 23 Aug 2026 | ₹53 | ₹25 | ₹78 (47.17%) |
| 22 Aug 2026 | ₹53 | ₹27 | ₹80 (50.94%) |
| 21 Aug 2026 | ₹53 | ₹22 | ₹75 (41.51%) |
| 20 Aug 2026 | ₹53 | ₹22 | ₹75 (41.51%) |
| 19 Aug 2026 | ₹53 | ₹5 | ₹58 (9.43%) |
Performance Hy-Tech Engineers
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.50 - Rs.53 | .... | .... | .... |
About Hy-Tech Engineers
Hy-Tech Engineers is an engineering company engaged in the design, manufacture, and supply of hydraulic fittings for industrial applications. Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings, and fittings customised to customer specifications. As of March 31, 2026, the company had more than 11,000 SKUs catering to industries such as construction machinery, automotive, farming machinery, injection moulding machines, and hydraulic systems. It operates on a B2B model and supplies products to domestic and international customers through direct sales and a network of distributors and distribution partners. The company operates six manufacturing facilities in India, with four located in Maharashtra and two in Madhya Pradesh. Its facilities at Thane, Pithampur, Shirwal, and Kavathe manufacture hydraulic fittings, while its Nashik facility manufactures forged metal parts, primarily for captive consumption.
| Founded in | 1978 |
| Managing director | Mr. Hemant Tukaram Mondkar |
| Parent organization |
Financial Overview
Strengths
- Experienced leadership with deep market understanding and credibility.
- Established global presence with access to growing international markets.
- Long-standing relationships with a high rate of repeat customer orders.
- Comprehensive product portfolio with over 11,000 SKUs.
- Backward integration through in-house forging capabilities enhances supply chain control.
Risks
- Dependence on a few key customers for a significant portion of revenue.
- Exposure to cyclicality in end-use sectors like automotive and construction.
- Volatility in the prices of raw materials, primarily steel.
- High competition from a largely unorganized and fragmented industry.
- Potential conflicts of interest with a Promoter Group entity in a similar business.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |