The initial public offering (IPO) of Hy-Tech Engineers Ltd. enters bidding on Wednesday, with investors continuing to evaluate the issue amid the company's growth prospects. The IPO, which opened for subscription on Monday, is being offered at a price band of Rs 50-53 per equity share.
The initial public offering of hydraulic fitting manufacturer Hy-Tech Engineers Ltd received 19.31 times subscription on Tuesday, the second day of bidding.
The Rs 135.73-crore IPO received bids for 35,03,60,509 shares against 1,81,45,406 shares on offer, according to details available with the NSE.
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The quota for retail investors was subscribed 27.22 times, while that of non institutional investors 24.54 times. The portion meant for Qualified Institutional Buyers (QIBs) received 62% subscription.
The initial public offer of Hy-Tech Engineers Ltd was subscribed 7.74 times on the first day of share sale on Monday.
The Maharashtra-based company has revised its IPO size by trimming the fresh issue to Rs 60 crore from Rs 70 crore earlier. It has increased the offer-for-sale (OFS) component to nearly 1.43 crore shares from 1.19 crore shares earlier, as per the red herring prospectus (RHP).
New Berry Capitals Pvt Ltd is the sole book running lead manager for the IPO.
The initial public offering of hydraulic fitting manufacturer Hy-Tech Engineers Ltd received 50.80 times subscription on the third day of bidding on Wednesday. The Rs 135.73-crore IPO got bids for 92,17,21,944 shares against 1,81,45,406 shares on offer, as per NSE data. The portion for non-institutional investors received 82.07 times subscription. The quota for retail investors was subscribed 64.54 times and that of Qualified Institutional Buyers (QIBs) 85
Hy-Tech Engineers Ltd. IPO GMP
Hy-Tech Engineers IPO last GMP is Rs 40 as of Aug 26, 2026 2:35 pm. With the upper price band of Rs 53, the estimated listing price is Rs 93. The expected percentage gain per share is 75.47%, as per Investorgain.
Hy-Tech Engineers Ltd. Financials
Hy-Tech Engineers has proposed to utilise Rs 29.96 crore from the net proceeds towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I, and Rs 16 crore will be used for repayment of loans. The remaining amount will be used for general corporate purposes.
About The Company
Hy-Tech Engineers operates on a business-to-business model across both domestic and international markets, catering to original equipment manufacturers and other industrial customers. The company's shares are proposed to be listed on the BSE and the NSE on September 1.
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