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HomeIPOHy-Tech Engineers

About Hy-Tech Engineers

Hy-Tech Engineers Ltd. is a company that was incorporated in 1978 and manufactures hydraulic fittings such as DIN – Metric fittings, conversion adaptors, JIC fittings, O-Ring face-seal fittings, mesh fittings, and soft-seal fittings. The company has four highly advanced manufacturing plants situated at Thane, Pune (Shirwal), Nashik, and Pithampur.The company has a wide range of products that includes over 3,500 items and over 10,000 types of fittings. The company operates under the business to business (B2B) model in domestic as well as foreign markets. Its sales strategy consists of interacting with OEMs and other industries as well as distributing via a channel of its approved distribution partners.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Hy-Tech Engineers

Hy-Tech Engineers

Open Date

Aug 24, 2026

Close Date

Aug 27, 2026

listed

Min Investment

₹14,999

Lot Size

283 Shares

Issue Size

₹135.73 Cr

Price Range

₹50 - ₹50

Listing Date

Sep 1, 2026

IPO Doc

RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹35(+66.04%)GMP
66.04%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Hy-Tech Engineers IPO - Issue Objectives

₹29.97 crore will fund machinery and equipment procurement for unit expansion. ₹16 crore will be used to repay borrowings Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Capital expenditure

49.9%

Repayment of borrowings

26.6%

General corporate purposes

23.3%

1

Capital expenditure

₹29.97 crore will fund machinery and equipment procurement for unit expansion.

49.90%
2

Repayment of borrowings

₹16 crore will be used to repay borrowings

26.60%
3

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

23.30%

IPO Subscription Status

QIB
249.71x
NII
412.96x
Individual
175.10x
Total
247.39x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Hy-Tech Engineers

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Integrated operations

The company has backward integrated its manufacturing operations with the Nashik Unit manufacturing forged components which are used at its other facilities. This in-house integration also means less reliance on outside suppliers, while enabling cost efficiency, lead time reduction and quality control.

02

Product development capabilities

The Company developed 880 new SKUs in FY26, 1,676 in FY25 and 2,206 in FY24, highlighting the Company’s ability to develop products based on customers’ needs. The company’s manufacturing operations include die design, forging, heat treating, machining, plating, inspection and testing. Most processes are performed in-house and supported by in-house design capabilities.

03

Cell-based manufacturing model

The company operates a cell-based manufacturing model where operations are broken down into smaller, self-contained cells targeting specific customer needs or product categories.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Customer concentration risks

Top 10 customers contributing 45.32%, 42.02% and 48.72% of revenue from operations in FY26, FY25 and FY24, respectively. Tompkins Industries Inc. alone contributed 9.34% of revenue in FY26 and the company does not have long-term arrangements with its customers and primarily operates through purchase orders.

02

Dependence on the related party distributor

Hy-Tech USA Inc., a Promoter Group entity engaged in the distribution of hydraulic fittings in North America. Customers sourced through Hy-Tech USA Inc. contributed 17.88%, 19.80% and 20.61% of revenue in FY26, FY25 and FY24, respectively. Any disruption in the operations of Hy-Tech USA Inc. or challenges faced by the distributor could adversely affect the Company's operations.

Contact Details

Hy-Tech Engineers

Plot No. A-160,Main Road, Wagle Industrial Estate, Thane, Maharashtra, 400604

+912240971916
hytechcs@hy-techengineers.com
http://www.hy-techengineers.com/

Hy-Tech Engineers IPO - FAQs

Hy-Tech Engineers IPO is a Mainboard IPO. The issue is priced at 50-₹53. The minimum order quantity is 283 Shares. The IPO opens on 24 Aug, and closes on 27 Aug. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-08-21
  • Bidding Starts2026-08-24
  • Bidding Ends2026-08-27
  • Allotment Finalisation2026-08-28
  • Release of Funds2026-08-31
  • Demat Transfer2026-08-31
  • Listing2026-09-01
04

Diversified customer base

The Company's B2B model combines direct customer engagement with a distributor network, with 170 direct customers and 7 active distributors and distribution partners as of March 31, 2026. This provides exposure across multiple sales channels and industry verticals.

05

International presence

Overseas sales have contributed meaningfully to the Company's revenue over the last three fiscals, accounting for 29.37% of total revenue in FY26. The Company has been appointed as the exclusive distributor through Promoter Group entity Hy-Tech USA Inc. for North America, Canada and Brazil, which accounted for 3.54% of revenue in FY26.

03

Geographic concentration of manufacturing

The Company’s 6 manufacturing facilities are located in Maharashtra and Madhya Pradesh. Facilities located in Maharashtra contributed 77.64%, 77.27% and 77.43% of revenue from operations in FY26, FY25 and FY24, respectively. Any significant disturbance in these states could affect manufacturing operations and adversely impact the Company's business.

04

Reliance on direct sales channel

Direct sales accounted for 88.42%, 88.60% and 90.64% of revenue from operations in FY26, FY25 and FY24, respectively. Limited diversification across distribution channels also exposes it to any adverse changes in the direct sales model.

05

Logistics and transportation risks

Freight and cartage charges represented 1.11%, 1.29% and 1.18% of total expenses in FY26, FY25 and FY24, respectively. The Company does not have formal contractual arrangements with, or direct control over, its logistics providers.