Hydraulic Fittings Maker Hy-Tech Engineers Fixes ₹50-53 Price Band For IPO
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Hy-Tech Engineers, the Maharashtra-based hydraulic fittings manufacturer, will open its maiden public issue on 24 August with the price band fixed at ₹50-53 per share, seeking a market capitalisation of ₹502.7 crore at the upper end. Read on to know more.
Hy-Tech Engineers, a Maharashtra-based manufacturer of hydraulic fittings, will open its initial public offering (IPO) on 24 August with the price band set at ₹50-53 per equity share of face value ₹5. The company is seeking a market capitalisation of ₹502.7 crore at the higher end of the price band.
The anchor investor book will open on 21 August, while the public issue will remain open for subscription from 24 August to 27 August.
Fresh Issue And Offer For Sale Explained
The Hy-Tech Engineers IPO comprises a fresh issue of shares worth ₹60 crore and an offer for sale (OFS) of 1.42 crore equity shares worth ₹75.73 crore by promoter Hemant Tukaram Mondkar and his wife Surekha.
Investors can bid for a minimum of 283 equity shares and in multiples thereof, translating to a minimum retail investment of ₹14,999.
Allotment is expected to be finalised on 28 August, with listing on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) likely on 1 September 2026.
Of the net offer, qualified institutional buyers will be allocated not more than 50%, retail investors not less than 35%, and non-institutional investors not less than 15%.
Use Of Proceeds
Nearly ₹30 crore from the net fresh issue proceeds will be used for procuring machinery and equipment to support expansion at its Kavathe, Shirwal and Pithampur Unit-I facilities. Around ₹16 crore will go towards debt repayment. The remaining funds will be earmarked for general corporate purposes.
As of June 2026, the company’s total fund-based and non-fund-based outstanding borrowings were ₹29.2 crore and ₹11.55 crore, respectively.
Business Overview
Hy-Tech Engineers was established in 1978 and is a manufacturer of a wide range of hydraulic fittings, including DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal fittings and conversion fittings. Its products are used in construction machinery, automotive, farming equipment and injection moulding machines.
The company has manufacturing facilities in Maharashtra and Madhya Pradesh with exports to international markets, including sales to OEMs, industrial customers and distributors. These markets accounted for 29% of revenue in the last fiscal year. The domestic market contributed the remaining 71%.
Financial Performance
Hy-Tech Engineers, which competes with listed peers such as Aeroflex Industries, Dynamatic Technologies and Yuken India, reported consolidated profit growth of 15.2% to ₹22.6 crore for the year ended 31 March 2026, up from ₹19.6 crore in the previous fiscal year, while revenue rose 17.4% to ₹189.4 crore from ₹161.4 crore over the same period.
New Berry Capitals is the book-running lead manager for the issue, with Bigshare Services acting as registrar. The IPO will coincide with two other mainboard offerings, Symbiotec Pharmalab and Skyways Air Services, which are also scheduled to open around the same period.
Also Read - NSE IPO Price Band May Be Set At ₹2,100-₹2,300; Issue Could Launch In September: Report
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
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