Hy-Tech Engineers IPO GMP surged to Rs 44 on the final day of bidding, indicating a potential 83.02% listing gain. The issue was subscribed over 67 times overall as of 10:30 a.m. on Thursday.
If you are planning to bid, here is a comprehensive guide to the Hy-Tech Engineers IPO subscription status, GMP, financial performance, and key dates.
Hy-Tech Engineers IPO GMP Today
The Hy-Tech Engineers IPO GMP (grey market premium) stands at a strong Rs 44 as of 10:00 a.m. on August 27.
With the upper price band set at Rs 53 per share, this translates to an estimated listing price of Rs 97, or a premium of 83.02% over the upper price band.
However, GMP is an unofficial indicator and can change rapidly before listing.
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Hy-Tech Engineers IPO Day 4 Subscription Status
On Thursday (Day 4 of bidding), the public issue has been subscribed 67.42 times overall. Segment-wise subscription details show robust participation across categories:
- Qualified Institutional Buyers (QIBs): 0.97 times
- Non-Institutional Investors (NIIs): 127.86 times
- Retail Individual Investors (RIIs): 77.64 times
Hy-Tech Engineers IPO Details
The Rs 135.73-crore book-built public offer comprises a mix of fresh shares and an offer for sale (OFS). Here are the essential details of the public issue:
- Total Issue Size: Rs 135.73 crore
- Fresh Issue: 1.13 crore equity shares (worth Rs 60 crore)
- Offer For Sale (OFS): 1.43 crore equity shares (worth 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, 2026
New Berry Capitals Pvt. Ltd. is the book-running lead manager for the IPO, while Bigshare Services Pvt. Ltd. is acting as the official registrar.
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Hy-Tech Engineers IPO Allotment and Listing Date
- Allotment Date: The basis of allotment for Hy-Tech Engineers IPO is expected to be finalized on August 28, 2026.
- Listing Date: The company's shares will debut on both the National Stock Exchange (NSE) and BSE, with the tentative listing date scheduled for September 1, 2026.
Hy-Tech Engineers IPO Financial Performance
Hy-Tech Engineers Ltd. has demonstrated consistent financial growth. Between the financial years ending March 31, 2025, and March 31, 2026, the company's revenue grew by 16%, while its profit after tax (PAT) increased by 15%.
| Financial Metric | FY26 (Ended March 31, 2026) | FY25 (Ended March 31, 2025) | YoY Growth |
| Total Income | Rs 193.44 crore | Rs 166.71 crore | 0.1603 |
| EBITDA | Rs 41.69 crore | Rs 35.79 crore | 0.1648 |
| Profit After Tax (PAT) | Rs 22.59 crore | Rs 19.62 crore | 0.1514 |
Use of IPO Proceeds
The engineering firm intends to utilse the net proceeds from the fresh issue for the following objectives:
- Funding capital expenditure requirements for business expansion.
- Prepayment or full repayment of certain outstanding borrowings to reduce debt.
- Meeting general corporate purposes.
Hy-Tech Engineers Business
Established in December 1978, Hy-Tech Engineers Ltd. is a prominent engineering enterprise specialising in high-quality hydraulic fittings. With over 40 years of industry experience, the company boasts a diverse portfolio of more than 11,000 SKUs. This includes metric, JIC, ORFS, conversion, and highly customised fittings supplied to industrial customers and Original Equipment Manufacturers (OEMs).
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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