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Hy-Tech Engineers IPO
Price Band
₹50.0–53.0
Issue Size
₹135.73 Cr
Lot Size
283 shares
Min Investment
₹14,999
GMP
+₹35.0 (66.04%)
Issue Price
₹53.0
Subject to Sauda
₹7500
Paid only if allotted
Hy-Tech Engineers IPO AI Summary
- Hy-Tech Engineers IPO is listed on BSE, NSE in the Iron & Steel Products sector.
- Price band: ₹50.0–₹53.0 per share, lot size 283 shares (min. investment ₹14,999).
- Subscription window: 24 Aug–27 Aug 2026, listing on 01 Sep 2026.
- Current GMP is +₹35.0 (66.04%), an estimated listing price of ₹88 — unofficial and can change daily.
Hy-Tech Engineers Ltd. is set to offer its IPO with a price band of ₹50.0 to ₹53.0. With a robust business model and significant subscription interest, the company aims to utilize the funds for expansion and debt repayment. Investors should consider the associated risks and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Hy-Tech Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Aug 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
247.39x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
249.71x
|
250x 🔥 |
| NII (HNI) |
412.96x
|
413x 🔥 |
| ↳ bNII (>₹10L) |
341.20x
|
341x 🔥 |
| ↳ sNII (<₹10L) |
556.48x
|
556x 🔥 |
| Retail (RII) |
175.10x
|
175x 🔥 |
| Total | 247.39x | 247.39x |
Auto-updated every 5 min · As of 27th Aug 2026 18:56
Hy-Tech Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹35.0
GMP %
+66.04%
Est. Listing
₹88.0
Updated: 01 Sep 2026 10:00
GMP Trend (Last 13 Days)
About the Company
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
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 175.71 | 170.65 | 146.24 |
| Total Income | 193.44 | 166.71 | 141.17 |
| Profit After Tax | 22.59 | 19.62 | 11.60 |
| EBITDA | 41.69 | 35.79 | 22.55 |
| NET Worth | 122.02 | 101.25 | 82.22 |
| Reserves and Surplus | 80.25 | 59.48 | 81.84 |
| Total Borrowing | 29.76 | 43.53 | 40.84 |
Key Ratios
EPS
₹2.70
NAV
₹12.12
ROE
21.39%
ROCE
20.46%
RoNW
21.39%
P/B Value
4.37
P/E Ratio
19.63
Market Cap
₹502.72 Cr
PAT Margin
11.77%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Yuken India Ltd | 274.66 | 4.27% | 69.32 | 10.81 | 10.81 |
| Dynamatic Technologies Ltd | 1168.41 | 7.89% | 230.32 | 47.73 | 47.73 |
| Aeroflex Industries Ltd | 33.8 | 14.06% | 107.04 | 4.28 | 4.28 |
| Hy-Tech Engineers Ltd. This IPO | 14.61 | 20.24% | — | 2.7 | 2.7 |
Promoters
Hemant Tukaram Mondkar, Surekha Hemant Mondkar, Ashwin Hemant Mondkar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 2 Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company 16.00 3 General Corporate Purposes 5.96 4 Issue Expenses 18.26 Total 70.19
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹141.17 Cr in the year ending 31 Mar 2024, increasing to ₹166.71 Cr by 31 Mar 2025, and further rising to ₹193.44 Cr in the year ending 31 Mar 2026.
Profit Trend
Profit after tax was ₹11.60 Cr in the year ending 31 Mar 2024, which increased to ₹19.62 Cr by 31 Mar 2025, and further rose to ₹22.59 Cr in the year ending 31 Mar 2026.
Valuation
At the issue price of ₹53.0, Hy-Tech Engineers has an implied P/E ratio of 19.63, compared to peers trading at P/E ratios ranging from 69.32 to 230.32.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting demand in the grey market.
Subscription Demand
As of 27th August 2026, the IPO was subscribed 247.39 times overall. The categories saw significant interest, with Qualified Institutional Buyers (QIB) subscribing 249.71 times, Non-Institutional Investors (NII) at 412.96 times, and Retail Investors (RII) at 175.1 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Conservative investors who prefer stable returns and are averse to market fluctuations may want to avoid IPOs, as they often come with higher risks and price volatility.
IPO Timeline, Explained
The IPO opens on 24th August 2026 and closes on 27th August 2026. Allotment of shares is expected by 28th August 2026, with the listing date set for 1st September 2026.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance post-IPO. Investors should be aware that gains on the listing day are not guaranteed and can vary significantly.
This evaluation is generated from Hy-Tech Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Hy-Tech Engineers IPO GMP today?
Hy-Tech Engineers IPO GMP today is +₹35.0 (66.04%), indicating an estimated listing price of ₹88. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Hy-Tech Engineers IPO?
The price band of Hy-Tech Engineers IPO is ₹50.0–₹53.0 per share.
When does Hy-Tech Engineers IPO open and close?
Hy-Tech Engineers IPO opens on 24 August 2026 and closes on 27 August 2026.
When does Hy-Tech Engineers IPO list on the stock exchange?
Hy-Tech Engineers IPO listed on 01 September 2026 at ₹88.0.
What is the lot size for Hy-Tech Engineers IPO?
The lot size for Hy-Tech Engineers IPO is 283 shares, requiring a minimum investment of ₹14,999.
What is the lot size for this IPO?
The lot size for Hy-Tech Engineers IPO is 283 shares.
What is the minimum investment required?
The minimum investment required is ₹14,999.
What is the price band for the IPO?
The price band for the IPO is ₹50.0 to ₹53.0.
When is the listing date for this IPO?
The listing date is scheduled for 1st September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Aug 2026
Close
27 Aug 2026
Allotment
28 Aug 2026
Listing
01 Sep 2026
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