Hy-Tech Engineers Share Price

HyTech Engineers Limited was incorporated as HyTech Engineers Private Limited, dated December 18, 1978, issued by Registrar of Companies, Maharashtra at Mumbai. Subsequently, Company was converted into a public Company and the name was changed to HyTech Engineers Limited and a fresh certificate of Incorporation dated March 23, 2022 was issued by the RoC.The Company is engaged in the the design, manufacture and supply of Hydraulic fittings for auto and industrial sector. The product portfolio comprises standard hydraulic fittings viz. DINmetric fittings, JIC flared and flareless fittings, ORing Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. The Company began operations by setting up a unit in Pune, Maharashtra in 1987. It set up the Thane unit in 2005, established the Pithampur Unit I in Madhya Pradesh in 2008, the Shirwal Unit in Maharashtra in 2010. The Company acquired the erstwhile subsidiary, Sagar Forge Private Limited, which was merged with the Company via Scheme of Arrangement in 2014. It further began operations at Nashik Unit previously operated by Sagar Forge Private Limited. In 2021, Company set up the UnitII at Pithampur in Madhya Pradesh in 2021 and Kavathe Unit in Maharashtra in 202223. Company is planning the initial public offer by raising money of Rs 70 Cr equity shares of face value Rs 5 each via fresh issue and by issuing 11,933,120 equity shares thru offer for sale.