The initial public offering (IPO) of Hy-Tech Engineers Ltd. opened for subscription on August 24, aiming to raise Rs 135.73 crore from the primary market. Ahead of the bidding process, the engineering company's shares are already commanding a strong premium in the unlisted market, signalling robust investor interest.
Here is everything you need to know about the Hy-Tech Engineers IPO before you subscribe.
Note: GMP does not represent official data and is based on speculation.
Hy-Tech Engineers IPO GMP
The grey market premium (GMP) for the Hy-Tech Engineers IPO currently stands at a robust Rs 25, according to InvestorGain updates as of 8:00 a.m. on August 24.
Considering the upper price band of Rs 53 per share, the estimated listing price is Rs 78 (issue price + today's GMP). This indicates that the stock is trading at a premium of 47.17% over its issue price, suggesting a potential bumper listing.
(Note: GMP is highly speculative and does not represent official exchange data.)
Hy-Tech Engineers IPO Details
The Rs 135.73-crore book-built issue is a combination of fresh shares and an offer for sale (OFS).
- Total Issue Size: Rs 135.73 crore
- Fresh Issue: 1.13 crore shares (Rs 60 crore)
- Offer For Sale (OFS): 1.43 crore shares (Rs 75.73 crore)
- Price Band: Rs 50 to Rs 53 per share
- Lot Size: 283 shares
- Minimum Retail Investment: Rs 14,999 (for 1 lot at the upper price band)
- Closing Date: August 27
New Berry Capitals Pvt. Ltd. is acting as the book-running lead manager, while Bigshare Services Pvt. Ltd. is the designated registrar for the issue.
ALSO READ: Hy-Tech Engineers IPO Opens On Aug. 24: 10 Key Things To Know Before You Subscribe
Hy-Tech Engineers IPO Allotment and Listing Date
Investors can expect the basis of allotment for the Hy-Tech Engineers IPO to be finalised on August 28. The company's shares are scheduled to debut on both the National Stock Exchange (NSE) and BSE, with a tentative listing date set for September 1.
Hy-Tech Engineers IPO Financial Performance
Hy-Tech Engineers Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | FY26 | FY25 |
| Total Income | Rs 193.44 crore | Rs 166.71 crore |
| Profit After Tax | Rs 22.59 crore | Rs 19.62 crore |
| Ebitda | Rs 41.69 crore | Rs 35.79 crore |
Use of IPO Proceeds
Hy-Tech Engineers plans to use the IPO proceeds for:
- Funding capital expenditure
- Prepayment or repayment of certain outstanding borrowings.
- General corporate requirements
Hy-Tech Engineers Business
Incorporated in December 1978, Hy-Tech Engineers Ltd. is an engineering company specialising in hydraulic fittings. With over four decades of industry experience, it offers more than 11,000 SKUs, including metric, JIC, ORFS, conversion and customised fittings for OEMs and industrial customers.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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