Hy-Tech Engineers IPO
Grey Market Premium (GMP)
Last updated: 24 Aug 2026, 1:30 am IST
GMP trend over the last 221 readings: rising, from ₹0 to ₹25 (range ₹0 to ₹29).
GMP is an unofficial figure from grey market dealers and is not a guarantee of listing price.
Subscription Status
Subscription data appears once bidding opens.
IPO Details
- Open Date
- 24 Aug 2026
- Close Date
- 27 Aug 2026
- Listing Date
- 1 Sept 2026
- Face Value
- ₹5
- Fresh Issue
- ₹60 Cr
- OFS
- ₹75.73 Cr
- Listing On
- NSE, BSE
- Registrar
- Bigshare Services
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 283 | ₹14,999 |
| Retail (Max) | 14 | 3,962 | ₹2,09,986 |
| B-HNI (Min) | 67 | 18,961 | ₹10,04,933 |
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 141.17 | 11.6 | 22.55 | 82.22 | 146.24 | 40.84 | — |
| FY 2025 | 166.71 | 19.62 | 35.79 | 101.25 | 170.65 | 43.53 | — |
| FY 2026 | 193.44 | 22.59 | 41.69 | 122.02 | 175.71 | 29.76 | 2.7 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 19.63x
- P/E (post-issue)
- 22.27x
- RoNW
- 20.24%
- RoE
- 20.24%
- RoCE
- 24.4%
- EPS (pre-issue)
- ₹2.7
- EPS (post-issue)
- ₹2.38
- EBITDA Margin
- 22.01%
- PAT Margin
- 11.68%
- P/BV
- 3.63x
- NAV / share
- ₹14.61
- Market Cap
- ₹502.72 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| 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 Cr |
| General Corporate Purposes | Not disclosed |
Net-proceeds utilisation as disclosed in the offer document.
Promoters & Shareholding
Promoters: <p>Hemant Tukaram Mondkar, Surekha Hemant Mondkar, Ashwin Hemant Mondkar</p>
- Holding (pre-issue)
- 97.99%
- Holding (post-issue)
- 71.23%
- Dilution
- 26.76%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| WINRO COMMERCIAL (INDIA) LTD. | Other | 22,64,000 | ₹53 | 12 | 29.47% |
| WHITEOAK CAPITAL MULTI CAP FUND | Other | 13,35,760 | ₹53 | 7.08 | 17.39% |
| ASHIKA GLOBAL FINANCE PVT.LTD. | FII/FPI | 11,32,176 | ₹53 | 6 | 14.74% |
| WHITEOAK CAPITAL EQUITY FUND | Other | 9,43,522 | ₹53 | 5 | 12.28% |
| VARANIUM DYNAMIC TRUST-VARANIUM EMERGING FUND | Other | 9,43,522 | ₹53 | 5 | 12.28% |
| WHITEOAK CAPITAL BALANCED ADVANTAGE FUND | Other | 5,71,660 | ₹53 | 3.03 | 7.44% |
| WHITEOAK CAPITAL AGGRESSIVE HYBRID FUND | Other | 3,79,220 | ₹53 | 2.01 | 4.94% |
| WHITEOAK CAPITAL EQUITY SAVINGS FUND | Other | 1,13,200 | ₹53 | 0.6 | 1.47% |
Anchor bidding took place on 21 Aug 2026. Anchor lock-in: 50% of shares unlock on 27 Sept 2026, the remainder on 26 Nov 2026.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Hy-Tech Engineers | 2.7 | 14.61 | — | 20.24% | Consolidated |
| Aeroflex Industries Ltd | 4.28 | 33.8 | 107.04x | 14.06% | Consolidated |
| Dynamatic Technologies Ltd | 47.73 | 1,168.41 | 230.32x | 7.89% | Consolidated |
| Yuken India Ltd | 10.81 | 274.66 | 69.32x | 4.27% | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Broker Recommendations
| Reviewer | Verdict |
|---|---|
| Capital Market | May Apply |
Third-party analyst views on the Hy-Tech Engineers IPO, aggregated for reference. ipostation does not rate IPOs — nothing here is investment advice.
About the Hy-Tech Engineers IPO
The Hy-Tech Engineers mainboard IPO opens for subscription on 24 Aug 2026 and closes on 27 Aug 2026, offered at a price band of ₹50–53 per share, and is set to list on NSE and BSE. In total, the issue aims to mobilise ₹135.73 crore. Retail investors bid in lots of 283 shares, a minimum application of ₹14,999.
Issue structure
The offer combines a fresh issue of ₹60 crore with an offer for sale (OFS) of ₹75.73 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward 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 crore), alongside prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company (₹16 crore). In all, 3 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Hy-Tech Engineers reported revenue of ₹193.44 crore and a net profit of ₹22.59 crore. Revenue grew from ₹141.17 crore in FY2024 to ₹193.44 crore in FY2026 (+37.0%). Net worth stood at ₹122.02 crore at the end of FY2026. At the upper band, that puts the issue at roughly 19.6× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 22.27× post-issue earnings and 3.63× book value, against a return on net worth of 20.24%. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Aeroflex Industries Ltd and Dynamatic Technologies Ltd, with a median peer P/E of about 107×. The issue's own post-issue P/E works out to 22.27×.
Promoters
The promoters of the company are <p>Hemant Tukaram Mondkar, Surekha Hemant Mondkar, Ashwin Hemant Mondkar</p>. Promoter holding stands at 97.99% before the issue and comes down to 71.23% after listing.
Grey market premium (GMP)
In the unofficial grey market, Hy-Tech Engineers shares are quoted at a premium of ₹25 implying an expected listing around ₹78, about +47.2% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
What to weigh
When evaluating the Hy-Tech Engineers IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Hy-Tech Engineers
Incorporated in 1978, Hy-Tech Engineers Ltd. is a manufacturer of hydraulic fittings, including DIN – Metric fittings, conversion adaptors, JIC fittings, O-Ring face-seal fittings, mesh fittings, soft-seal fittings. The company operates from four state-of-the-art manufacturing facilities located in Thane, Pune (Shirwal), Nashik, and Pithampur. The company offers an extensive catalog, featuring over 3,500 items and producing more than 10,000 fitting varieties. The company operate on a business-to-business (B2B) model across both domestic and international markets. Its sales approach combines direct engagement with original equipment manufacturers (“OEMs”) and other industrial customers as also through a network of authorized distributors and distribution partners. Product Portfolio: DIN (Metric) Fittings JIC Flared and Flareless Fittings O-ring face seal fittings Conversion Fittings As of March 31, 2025, the company had 425 permanent employees and a contractual workforce of 260 personnel. Competitve Strengths: Integrated operations and product development capabilities Diversified customer base with wide market reach Experienced leadership, deep market understanding and industry credibility Established global presence with access to growing international markets
Hy-Tech Engineers — Contact Details
- Registered office
- Plot No. A-160, Main Road,, Wagle Industrial Estate,, Thane, Maharashtra, 400604
- Phone
- +91 22 4097 1916
- Website
- www.hy-techengineers.com/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Hy-Tech Engineers IPO price band?
- The Hy-Tech Engineers IPO price band is ₹50 to ₹53 per share, with a lot size of 283 shares.
- What is the Hy-Tech Engineers IPO GMP today?
- The latest grey market premium for the Hy-Tech Engineers IPO is ₹25, implying an expected listing near ₹78. GMP is an unofficial figure and not a guarantee of the listing price.
- When does the Hy-Tech Engineers IPO open and close?
- The Hy-Tech Engineers IPO opens on 24 Aug 2026 and closes on 27 Aug 2026.
- When is the Hy-Tech Engineers IPO allotment and listing date?
- Allotment is expected on 28 Aug 2026. The shares are scheduled to list on 1 Sept 2026 on NSE and BSE.
- Who are the promoters of Hy-Tech Engineers and what is their holding?
- The promoters are <p>Hemant Tukaram Mondkar, Surekha Hemant Mondkar, Ashwin Hemant Mondkar</p>. Promoter holding is 97.99% before the issue and 71.23% after listing.
- What is the P/E ratio of the Hy-Tech Engineers IPO?
- At the upper price band, the Hy-Tech Engineers IPO is valued at 19.63× pre-issue earnings and 22.27× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Hy-Tech Engineers IPO?
- The net proceeds go primarily toward 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, among 3 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Hy-Tech Engineers IPO?
- The book-running lead manager is New Berry Capitals Pvt.Ltd.. Bigshare Services is the registrar to the issue.
- Is Hy-Tech Engineers a Mainboard or SME IPO?
- Hy-Tech Engineers is a Mainboard IPO, listing on NSE and BSE.