Hy-Tech Engineers IPO to Open on Monday, August 24, 2026
FinTech BizNews Service
Mumbai, 19 August, 2026: Hy-Tech Engineers Limited, On Wednesday announced its IPO to open on Monday, August 24, 2026. The Bid/ Offer Closing Date is Thursday, August 27, 2026. The Anchor Investor Bidding Date is Friday, August 21, 2026.
The Price Band of the Offer has been fixed from ₹50 - ₹53 per Equity Share. Bids can be made for a minimum of 283 Equity Shares and multiples of 283 Equity Shares thereafter.
The Offer comprises Fresh Issue of equity shared aggregating up to ₹600 million (Rs 60 cr) and an Offer for Sale of up to 1,42,89,450 Equity Shares by the existing shareholders, comprising up to 89,80,961 Equity Shares by Mr. Hemant Tukaram Mondkar and up to 53,08,489 Equity Shares by Mrs. Surekha Hemant Mondkar.
Hy-Tech Engineers Limited is engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications. The Company operates a business-to-business (B2B) model across both domestic and international markets, catering to original equipment manufacturers (OEMs) and other industrial customers. With over four decades of operational experience, Hy-Tech currently operates six manufacturing facilities in India, located in Thane, Shirwal (Satara), Kavathe (Satara), Nashik and two units in Pithampur, Madhya Pradesh.
The 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, Hy-Tech portfolio consisted of more than 11,000 stock keeping units (SKUs) of hydraulic fittings. Hy-Tech has international presence which are extended to markets such as USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany.
As of 31 March 2026, the company reported a revenue of ₹189.40 crore, reflecting continued business momentum during the financial year. The company recorded EBITDA of ₹41.68 crore and Profit After Tax (PAT) of ₹22.59 crore, highlighting its financial performance and focus on operational efficiency and sustainable growth.
The Equity Shares of the Company are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) (BSE and NSE together, the Stock Exchanges). For the purposes of the Offer, the Designated Stock Exchange shall be NSE.
New Berry Capitals Limited is the sole Book Running Lead Manager (“BRLM”) to the issue.
