Hy-Tech Engineers IPO closed on Aug. 27 after a stellar subscription on the fourth and final day of bidding. The issue was subscribed over 240 times overall on Thursday. GMP for the mainboard issue surged to Rs 45 on the final day of bidding, indicating a potential 84.91% listing gain.
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 Latest GMP
The Hy-Tech Engineers IPO GMP (grey market premium) stands at a strong Rs 45 as of 9:30 p.m. on August 27.
With the upper price band set at Rs 53 per share, this translates to an estimated listing price of Rs 98, or a premium of 84.91% 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 was subscribed 244.41 times overall. Segment-wise subscription details show robust participation across categories:
- Qualified Institutional Buyers (QIBs): 255.77 times
- Non-Institutional Investors (NIIs): 402.29 times
- Retail Individual Investors (RIIs): 170.58 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 finalised 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 utilise 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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