Hy-Tech Engineers Limited will open its initial public offering (IPO) for subscription on Monday, August 24, 2026. The issue will close on Thursday, August 27, while the anchor investor bidding will take place on Friday, August 21. The company has fixed the IPO price band at ₹50 to ₹53 per equity share, with each share having a face value of ₹5. Investors can bid for a minimum of 283 equity shares and in multiples of 283 shares thereafter.
The public issue comprises a fresh issue of equity shares aggregating up to ₹60 crore and an offer for sale of up to 1,42,89,450 equity shares by existing shareholders. The offer for sale includes up to 89,80,961 equity shares held by Hemant Tukaram Mondkar and up to 53,08,489 equity shares held by Surekha Hemant Mondkar.
Hy-Tech Engineers is engaged in the design, manufacture and supply of hydraulic fittings for industrial applications. The company follows a business-to-business model and supplies products to original equipment manufacturers and other industrial customers in domestic as well as international markets.
With more than four decades of operating experience, the company has six manufacturing facilities in India. These are located in Thane, Shirwal and Kavathe in Maharashtra, Nashik and two facilities in Pithampur, Madhya Pradesh. Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal fittings and conversion fittings. The company also manufactures hydraulic fittings according to specific customer requirements. As of March 31, 2026, its portfolio included more than 11,000 stock keeping units.
Hy-Tech Engineers has an international customer presence across markets including the United States, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, the UAE, Thailand and Germany. The company reported revenue of ₹189.40 crore for the financial year ended March 31, 2026. EBITDA stood at ₹41.68 crore, while profit after tax was ₹22.59 crore.
The IPO is being conducted through the book-building process in accordance with applicable Securities and Exchange Board of India regulations. Up to 50% of the offer will be available for allocation to Qualified Institutional Buyers. A portion of the QIB allocation may be offered to anchor investors in accordance with regulatory provisions.
Not less than 15% of the offer will be available for allocation to Non-Institutional Bidders, while not less than 35% will be available for Retail Individual Bidders, subject to valid bids being received at or above the offer price. Bidders, other than anchor investors, will be required to use the Application Supported by Blocked Amount (ASBA) process. Investors applying through UPI will also be required to provide their UPI details as applicable.
The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited, with NSE serving as the designated stock exchange for the issue. New Berry Capitals Limited is the sole Book Running Lead Manager to the IPO. The Red Herring Prospectus was dated August 17, 2026.
