Hy-Tech Engineers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹53
Per ShareLot Size
283 Shares
Minimum Investment
₹14,999
Issue Size
₹135.73 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Hy-Tech Engineers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.99%
Promoter Holding (Post-Issue)
71.23%
Issue Type
Book Building
ISIN
INE0LEG01024
About the Company
We are an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. Our product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. As of March 31, 2026, our portfolio consists of more than 11,000 stock keeping units (SKUs) of hydraulic fittings, serving diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. In addition, we have obtained certifications which enable us to cater to sectors such as railways and defence, thereby expanding our addressable market.
Company History
Our Company was incorporated as `Hy-Tech Engineers Private Limited', as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated December 18, 1978, issued by Registrar of Companies, Maharashtra at Mumbai ("RoC"). Subsequently, our Company was converted into a public limited company and the name of our Company was changed to `Hy-Tech Engineers Limited' pursuant to a resolution passed by our Board on February 18, 2022, a special resolution passed by our Shareholders dated February 24, 2022 and a fresh certificate of incorporation dated March 23, 2022 was issued by the RoC.
Growth Strategy
- Enhancing our manufacturing capabilities.
- Strategic diversification into high-growth sectors.
- Diversification into valves.
- Continued expansion of our distribution network.
- Focus to increase customer base in international markets.
- Continued focus on cost optimization and improving operational efficiency.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 25,610,204 equity shares of face value of Rs. 5 each ("Equity Shares") of Hy-Tech Engineers Limited ("Company" ) for cash at a price of Rs. 53 per equity share (Including a share Premium of Rs. 48 Per Equity Share) (The "Offer Price") aggregating to Rs. 135.73 Crores ("The Offer") comprising a fresh issue of 11,320,754 equity shares aggregating to Rs. 60.00 crores by the company (The "Fresh Issue") and an offer for sale of 14,289,450 equity shares consisting of 8,980,961 equity shares of face value of Rs. 5 each aggregating to Rs. 47.60 Crores by Hemant Tukaram Mondkar and 5,308,489 equity shares of face value of Rs. 5 each by Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar aggregating to Rs. 28.14 Crores (Collectively Referred to as the "Promoter Selling Shareholders" And Such Equity Shares Offered By The Promoter Selling Shareholders, "Offered Shares"). The offer shall constitute up to 27.00% of the post-offer paid-up equity share capital of the company. Price Band: Rs. 53 per equity share of face value of Rs. 5 each. The floor price 10.60 times the face value of the equity shares, respectively. Bids can be made for a minimum of 283 equity shares of face value of Rs. 5 each and in multiples of 283 equity shares of face value of Rs. 5 each thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Integrated operations and product development capabilities.
- Diversified customer base with wide market reach.
- Established global presence with access to growing international markets.
- Experienced leadership, deep market understanding and industry credibility.
- Decentralized cell-based manufacturing model.
- The company is dependent on a few customers for a major portion of its revenues with the company's top 10 customers contributing to 45.32%, 42.02% and 48.72% of its revenue from operations in the Fiscals 2026, 2025 and 2024, respectively. Further, the company does not enter into long-term arrangements with its customers and any failures to continue its existing arrangements with such customers could adversely affect the company's business, financial condition results of operations and cash flows.
- The company derives a significant portion of revenue from operations from exports, which accounted for 29.37%, 28.30% and 33.14% of the company's total revenue in Fiscal 2026, 2025 and 2024, respectively. Out of which a substantial portion was generated from the United States of America, which contributed 21.42%, 22.85% and 24.56% of its total revenues during the same period. Fluctuation in exchange rates, any adverse developments in these markets or restrained economic or political relations of India with the United States of America could adversely affect its business.
- In the Fiscal 2024, the company has experienced negative year on year growth in the company's profit after tax. Its may be unable to manage the company's growth and expansion operations or to successfully implement its business plan and growth strategies in a timely manner or within budget estimates, which could materially and adversely affect the company's business, results of operations and financial condition.
- Four out of the company's six Manufacturing Facilities are located in Maharashtra, India and the balance two in Madhya Pradesh. Its derived 77.64%, 77.27% and 77.43% of the company's revenue from operations during Fiscals 2026, 2025 and 2024, respectively, from the Manufacturing Facilities located in the state of Maharashtra. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in the state of Maharashtra or Madhya Pradesh where its other Manufacturing Facilities are concentrated could have an adverse effect on the company's business, results of operations and financial condition.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.