Hy-Tech Engineers IPO is a book-built issue comprising 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 promoter shareholders. The IPO is scheduled to open on August 24, 2026, and close on August 27, 2026, while the anchor investor bidding date is August 21, 2026. The company intends to utilize the net proceeds primarily for capital expenditure towards machinery and equipment, repayment or prepayment of certain borrowings, and general corporate purposes. Hy-Tech Engineers is engaged in the manufacturing of hydraulic fittings, adapters, tube fittings, quick-release couplings, and other precision-engineered products used in fluid conveyance systems. The equity shares are proposed to be listed on both BSE and NSE.
Hy-Tech Engineers IPO Details
| IPO Open Date | 24-08-2026 |
| IPO Close Date | 27-08-2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹50 to ₹53 Per Share |
| Issue Size | Approx 135.73 cr. |
| Fresh Issue | Approx 60 cr. |
| Offer For Sale | Approx 1,42,89,450 Equity Share |
| Issue Type | Book Build Issue |
| IPO Listing | NSE,BSE |
Issue Reservation
| Investor Category | Shares Offered % |
|---|---|
| Retail Shares Offered | 35% |
| NII Shares Offered | 15% |
| QIB Shares Offered | 50% |
Hy-Tech Engineers IPO Market Lot
The Hy-Tech Engineers IPO minimum market lot is 283 shares with ₹14,999 application amount. The retail investors can apply up-to 13 lots with 3,679 shares of ₹1,94,987 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 283 | ₹14,999 |
| Retail Maximum | 13 | 3,679 | ₹1,94,987 |
| S-HNI Minimum | 14 | 3,962 | ₹2,09,986 |
| S-HNI Maximum | 66 | 18,678 | ₹9,89,934 |
| B-HNI Minimum | 67 | 18,961 | ₹10,04,933 |
Hy-Tech Engineers IPO Anchor Investors
| Anchor Bidding Date | 21-08-2026 |
| Shares Offered | 76,83,060 Shares |
| Lock-in period end date 50% shares(30 Days) | 28-09-2026 |
| Lock-in period end date 50% shares (90 Days) | 27-11-2026 |
Hy-Tech Engineers IPO Dates
The Hy-Tech Engineers IPO Open date is August 24 and the close date is August 27. The Hy-Tech Engineers IPO allotment will be finalized on August 28 and the IPO listing on September 1.
| IPO Open Date: | 24-08-2026 |
| IPO Close Date: | 27-08-2026 |
| Basis of allotment: | 28-08-2026 |
| Refunds: | 31-08-2026 |
| Credit to Demat Account: | 31-08-2026 |
| IPO Listing Date: | 01-09-2026 |
⚠️ Hy-Tech Engineers IPO: High Customer Concentration Risk
According to the Red Herring Prospectus (RHP) of Hy-Tech Engineers Limited, there is a major hidden risk in the company’s business model that investors must know before applying:
- Half the Business Relies on Just 10 Customers: The company is heavily dependent on its top 10 clients. In Fiscal 2026, a staggering 45.32% of its total revenue from operations came from these 10 customers alone.
- No Long-Term Agreements: Hy-Tech Engineers has not entered into any long-term contracts or arrangements with these key clients. This means these customers can stop or reduce their orders at any time without any penalty.
- Who are the Major Customers?: The company’s single largest client is Tompkins Industries Inc, contributing 9.34% of the total revenue. The second largest disclosed client is Sisa Hydropneumatics, accounting for 6.14% of the business. Interestingly, the company has kept the names of Customer No. 2 (7.41%) and Customer No. 4 (3.83%) confidential in the RHP.
- Direct Impact on Business: If even one of these major clients decides to stop sourcing products from Hy-Tech Engineers or shifts to a competitor, the company’s revenue, profitability, and future cash flows will take a direct and severe hit.
Pre and Post-IPO Shareholding Pattern
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 97.99% | 71.23% |
| Public | 2.01% | 28.77% |
| Total | 100% | 100% |
- Promoters 0f the Company : Hemant Tukaram Mondkar, Surekha Hemant Mondkar and Ashwin Hemant Mondkar.
- Dilution of Promoter’s Stake: Post-IPO, the promoter holding will decrease from 97.99% to 71.23%. This indicates that the promoters are diluting a 26.76% stake in the company through this public issue.
- Strong Promoter Retention & Control: Even after the IPO, the promoters will retain a significant 71.23% stake (well above the 50% threshold). This shows high conviction from the management and ensures they maintain strong voting control over corporate decisions.
Objects of the Issue
| # | Purpose | Crores |
|---|---|---|
| 1 | Investment in new machinery and equipment to strengthen manufacturing capabilities and support capacity expansion at the Kavathe Unit, Shirwal Unit, and Pithampur Unit-I. | ₹29.97 |
| 2 | Utilization of proceeds towards the repayment and/or prepayment of certain outstanding borrowings of the Company, either fully or partially. | ₹16.00 |
| 3 | Funding day-to-day business requirements and other general corporate purposes. | ₹- |
| Total | ₹45.97 |
Hy-Tech Engineers IPO Company Financial Report
| Period Ended | Revenue | Expense | Pat | Assets |
|---|---|---|---|---|
| 2024 | ₹141.17 | ₹125.37 | ₹11.60 | ₹146.24 |
| 2025 | ₹166.71 | ₹140.51 | ₹19.62 | ₹170.65 |
| 2026 | ₹193.44 | ₹162.87 | ₹22.59 | ₹175.71 |
Hy-Tech Engineers IPO Valuation – FY2026
Check Hy-Tech Engineers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE | 20.24% |
| ROCE | 24.40% |
| EBITDA Margin | 22.01% |
| PAT Margin | 11.68% |
| Debt to equity ration | – |
| Earning Per Share(EPS) | ₹2.70 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 20.24% |
| Net Asset Value(NAV) | ₹14.61 |
About
Hy-Tech Engineers Limited is an Indian engineering and manufacturing company incorporated in 1978 and headquartered in Thane, Maharashtra. The company specializes in the manufacturing of hydraulic fittings, adapters, tube fittings, quick-release couplings, and other precision-engineered fluid conveyance products used across various industrial sectors. Over the years, it has developed a strong manufacturing presence through multiple production facilities located in Maharashtra and Madhya Pradesh.
The company serves a diverse customer base and focuses on delivering high-quality engineered components that support hydraulic and fluid transfer systems. Its operations are backed by modern manufacturing infrastructure, technical expertise, and a commitment to product quality and reliability.
Hy-Tech Engineers does not operate as a hydraulic equipment manufacturer or an infrastructure developer. Instead, its core business is centered on the design, production, and supply of specialized hydraulic and engineering components.
The proceeds from the IPO are proposed to be utilized for capacity expansion through the procurement of machinery and equipment, repayment or prepayment of certain borrowings, and general corporate purposes. Through continuous investment in manufacturing capabilities and operational excellence, the company aims to strengthen its market position and support future growth opportunities.
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Aeroflex Industries Ltd | 4.28 | 107.04 | 14.06% | 33.80 | 441.94 cr. |
| Dynamatic Technologies Ltd | 47.73 | 230.32 | 7.89% | 1,168.41 | 1,621.34 cr. |
| Yuken India Ltd | 10.81 | 69.32 | 4.27% | 274.66 | 462.17 cr. |
Hy-Tech Engineers IPO Lead Managers aka Merchant Bankers
- New Berry Capitals Pvt. Ltd.
Hy-Tech Engineers Company Address
Hy-Tech Engineers Ltd.
Plot No. A-160
Main Road,
Wagle Industrial Estate,
Thane, Maharashtra, 400604
Phone: +91 22 4097 1916
Email: hytechcs@hy-techengineers.com
Website: https://www.hy-techengineers.com/
Hy-Tech Engineers IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
- What does Hy-Tech Engineers actually manufacture?
Hy-Tech Engineers specializes in hydraulic fittings, adapters, tube fittings, quick-release couplings, and other precision-engineered components used in fluid conveyance systems across industrial applications. - Why is the company raising funds through the IPO?
The company plans to use the IPO proceeds for capacity expansion through machinery purchases, repayment of certain borrowings, and general corporate requirements. - Is this IPO entirely a fresh issue?
No. The IPO consists of both a Fresh Issue and an Offer for Sale (OFS), meaning part of the issue will raise new capital for the company while some shares are being sold by existing promoter shareholders. - Who are the promoters behind Hy-Tech Engineers?
The company is promoted by Hemant Tukaram Mondkar, Surekha Hemant Mondkar, and Ashwin Hemant Mondkar. - What makes Hy-Tech Engineers different from many newly listed manufacturing companies?
Unlike many recent entrants, the company traces its history back to 1978 and operates multiple manufacturing facilities across different locations. - Where will the IPO shares be listed?
The equity shares are proposed to be listed on both the BSE and NSE. - What should investors track after the IPO?
Investors may monitor capacity expansion progress, debt reduction, revenue growth, order inflow, and operating margins in the coming years. - Is the company expanding its manufacturing infrastructure?
Yes. A key objective of the IPO is to strengthen manufacturing capabilities through investments in machinery and equipment. - Which sectors can influence the company’s future growth?
The company’s performance is closely linked to industrial manufacturing activity, engineering demand, and capital expenditure trends in end-user industries. - Who may find this IPO relevant?
This IPO may be of interest to investors looking for exposure to the engineering and industrial manufacturing segment with a long operating history.
Disclaimer
I am not a SEBI-registered Research Analyst, Investment Adviser, or any other SEBI-regulated financial professional. The information provided on this website regarding IPOs, GMP, stock markets, and other financial topics is for educational and informational purposes only.
The content published on this website should not be considered financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.