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Thu, 27 Aug 2026
06:43:53 am
Thu, 27 Aug 2026
06:43:53 am
Synopsis
Hy-Tech Engineers IPO GMP today: ₹44, with an estimated 83.02% listing gain. Check GMP, subscription status, price band, lot size, allotment and listing date.
The Hy-Tech Engineers IPO is a ₹135.73 crore book-built issue that opened on August 24, 2026, and closes on August 27, 2026. It includes a ₹60 crore fresh issue and a ₹75.73 crore offer for sale (OFS). The IPO price band is ₹50 to ₹53 per share, with the issue price fixed at ₹53. The Hy-Tech Engineers IPO GMP was ₹44 as of August 27, 2026, at 8:57 AM, indicating an estimated listing price of ₹97 and a potential listing gain of 83.02%. GMP is unofficial and can change before listing.
Hy-Tech Engineers IPO comprises 2,56,10,204 shares worth ₹135.73 crore, including 1,13,20,754 fresh shares worth ₹60 crore and 1,42,89,450 OFS shares worth ₹75.73 crore. The lot size is 283 shares, so retail investors need ₹14,999 at the upper price band for one lot. The shares are proposed to list on BSE and NSE on September 1, 2026.
| IPO Metric | Details |
|---|---|
| IPO dates | August 24 to August 27, 2026 |
| Price band | ₹50 to ₹53 |
| Issue price | ₹53 |
| Face value | ₹5 |
| Lot size | 283 shares |
| Total issue size | ₹135.73 crore |
| Fresh issue | ₹60 crore |
| Offer for sale | ₹75.73 crore |
| Retail minimum investment | ₹14,999 |
| Listing | BSE, NSE |
| Tentative listing date | September 1, 2026 |
| Market cap at offer price | ₹502.72 crore |
The IPO received strong demand, with detailed subscription data showing 52.22 times subscription as of August 27, 2026. Retail investors subscribed 67.52 times and NII investors 85.04 times, while QIB subscription excluding anchors stood at 0.83 times. The issue received bids for 93,61,22,116 shares against 1,79,27,144 shares offered, with 17,78,554 applications. The strong demand was mainly driven by NII and retail investors.
| Category | Subscription | Shares Offered | Shares Bid For |
|---|---|---|---|
| QIB (Ex Anchor) | 0.83x | 51,22,042 | 42,40,755 |
| NII | 85.04x | 38,41,531 | 32,66,90,389 |
| bNII | 55.49x | 25,61,020 | 14,21,18,921 |
| sNII | 144.14x | 12,80,510 | 18,45,71,468 |
| Retail | 67.52x | 89,63,571 | 60,51,90,972 |
| Total | 52.22x | 1,79,27,144 | 93,61,22,116 |
Hy-Tech Engineers Limited, incorporated in 1978, manufactures hydraulic fittings used in industrial applications. It has more than 11,000 SKUs, including DIN-metric, JIC, O-Ring Face Seal, conversion and customised hydraulic fittings. Its products are used in construction machinery, automotive, agricultural machinery, injection moulding machines and hydraulic systems. The company serves B2B customers in India and overseas, including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany.
The company operates manufacturing facilities at Thane, Shirwal, Kavathe and Pithampur, while its Nashik facility supplies forged components to other units. As of March 31, 2026, it had 468 permanent and 253 contractual employees. Its broad product range, multiple manufacturing locations and domestic and international customer base are important factors investors can consider when evaluating the business through its IPO.
Hy-Tech Engineers reported total income of ₹193.44 crore in FY26, compared with ₹166.71 crore in FY25 and ₹141.17 crore in FY24. EBITDA increased to ₹41.69 crore and PAT rose to ₹22.59 crore in FY26. Total borrowing declined to ₹29.76 crore from ₹43.53 crore in FY25, while net worth increased to ₹122.02 crore.
| Financial Metric (₹ Crore) | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 141.17 | 166.71 | 193.44 |
| EBITDA | 22.55 | 35.79 | 41.69 |
| Profit After Tax | 11.60 | 19.62 | 22.59 |
| Assets | 146.24 | 170.65 | 175.71 |
| Net Worth | 82.22 | 101.25 | 122.02 |
| Total Borrowing | 40.84 | 43.53 | 29.76 |
Between FY25 and FY26, total income increased by around 16%, while PAT increased by around 15%. The combination of higher earnings, rising net worth and lower borrowing provides the main financial points for investors to assess the Hy-Tech Engineers IPO.
At the issue price of ₹53, Hy-Tech Engineers has an estimated post-issue market capitalisation of ₹502.72 crore. Post-issue EPS is ₹2.38, giving a P/E of 22.27 times, compared with 19.63 times pre-IPO. For FY26, ROE stood at 20.24%, ROCE at 24.40%, EBITDA margin at 22.01% and PAT margin at 11.68%.
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹2.70 | ₹2.38 |
| P/E | 19.63x | 22.27x |
| Market Cap at Offer Price | ₹443 crore | ₹502.72 crore |
| KPI | FY26 | FY25 |
|---|---|---|
| ROE | 20.24% | 21.39% |
| ROCE | 24.40% | 20.46% |
| RoNW | 20.24% | 21.39% |
| PAT Margin | 11.68% | 11.77% |
| EBITDA Margin | 22.01% | 22.18% |
| NAV | ₹14.61 | ₹12.12 |
| Price to Book Value | 3.63x | 4.37x |
The fresh issue proceeds will mainly fund machinery and equipment, debt repayment and general corporate purposes. Around ₹29.97 crore is proposed for machinery and equipment at the Kavathe, Shirwal and Pithampur units, while ₹16 crore is proposed for repayment or prepayment of borrowings. The planned use of funds therefore combines manufacturing expansion with debt reduction.
| Issue Object | Estimated Amount |
|---|---|
| Machinery and equipment | ₹29.97 crore |
| Repayment/prepayment of borrowings | ₹16 crore |
| General corporate purposes | Balance amount |
| Total specified amount | ₹45.97 crore |
The Hy-Tech Engineers IPO proceeds therefore combine manufacturing expansion with debt reduction, while investors can compare the structure with broader IPO considerations.
The latest GMP was ₹44 on August 27, 2026, at 8:57 AM. Against the ₹53 issue price, this suggests an estimated listing price of ₹97 and an indicative gain of 83.02%. The GMP increased from ₹5 on August 19 to ₹44 on August 27, showing a sharp rise in grey-market expectations. Investors can also understand how GMP works through this guide on Grey Market Premium.
| GMP Date | IPO Price | GMP | Subscription | Estimated Listing Price | Estimated Profit per Lot |
|---|---|---|---|---|---|
| 27 Aug 2026 | ₹53 | ₹44 ─ | 51.76x | ₹97 (83.02%) | ₹12,452 |
| 26 Aug 2026 | ₹53 | ₹44 ▲ | 51.76x | ₹97 (83.02%) | ₹12,452 |
| 25 Aug 2026 | ₹53 | ₹30 ─ | 19.57x | ₹83 (56.60%) | ₹8,490 |
| 24 Aug 2026 | ₹53 | ₹30 ▲ | 7.84x | ₹83 (56.60%) | ₹8,490 |
| 23 Aug 2026 | ₹53 | ₹25 ▼ | — | ₹78 (47.17%) | ₹7,075 |
| 22 Aug 2026 | ₹53 | ₹27 ▲ | — | ₹80 (50.94%) | ₹7,641 |
| 21 Aug 2026 | ₹53 | ₹22 ─ | — | ₹75 (41.51%) | ₹6,226 |
| 20 Aug 2026 | ₹53 | ₹22 ▲ | — | ₹75 (41.51%) | ₹6,226 |
| 19 Aug 2026 | ₹53 | ₹5 ─ | — | ₹58 (9.43%) | ₹1,415 |
Estimated profit/loss per lot is calculated by multiplying GMP by the 283-share market lot.
GMP Disclaimer: The Grey Market Premium (GMP) is an unofficial and unregulated indicator based on grey-market activity. It is not an official price discovery mechanism and does not guarantee the IPO's listing price or listing gains. GMP can change frequently with market sentiment and demand. Investors should consider the company's financials, valuation, risks and market conditions before making an investment decision.
The IPO includes an OFS of 1,42,89,450 shares worth ₹75.73 crore, with promoter shareholders selling their shares. Hemant Tukaram Mondkar is offering 89,80,961 shares, while Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar is offering 53,08,489 shares. Since the OFS is more than half of the issue, these proceeds will go to the selling shareholders rather than the company.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Hemant Tukaram Mondkar | Promoter | 89,80,961 | ₹47.60 crore |
| Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar | Promoter | 53,08,489 | ₹28.13 crore |
| Total | 1,42,89,450 | ₹75.73 crore |
The Hy-Tech Engineers IPO therefore includes a significant OFS component, with the proceeds going to the selling shareholders rather than the company.
Hy-Tech Engineers raised ₹40.72 crore from anchor investors before the IPO opened. The anchor bidding took place on August 21, 2026, and 76,83,060 shares were allocated. The 50% lock-in ends on September 27, 2026, while the remaining lock-in ends on November 26, 2026.
| Anchor Investor Detail | Information |
|---|---|
| Anchor bid date | August 21, 2026 |
| Shares allocated | 76,83,060 |
| Anchor portion | ₹40.72 crore |
| 50% lock-in ends | September 27, 2026 |
| Remaining lock-in ends | November 26, 2026 |
The Hy-Tech Engineers IPO anchor allocation provides another factor for investors assessing the issue alongside its IPO structure.
The minimum retail application is 283 shares, requiring ₹14,999 at the upper price band. Retail investors can apply for up to 13 lots, while the minimum sHNI application is 14 lots. At a GMP of ₹44, one lot would indicate a gain of around ₹12,452 if the stock lists at ₹97, but the actual listing price can be different.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 283 | ₹14,999 |
| Retail Maximum | 13 | 3,679 | ₹1,94,987 |
| sHNI Minimum | 14 | 3,962 | ₹2,09,986 |
| sHNI Maximum | 66 | 18,678 | ₹9,89,934 |
| bHNI Minimum | 67 | 18,961 | ₹10,04,933 |
The IPO lot size determines the minimum investment required, while the latest GMP can provide an unofficial indication of potential listing gains.
The Hy-Tech Engineers IPO opened on August 24 and closes on August 27, 2026. Allotment is expected on August 28, followed by refunds and share credit on August 31. The proposed listing date is September 1, 2026, on BSE and NSE.
| Event | Date |
|---|---|
| IPO Open | August 24, 2026 |
| IPO Close | August 27, 2026 |
| Allotment | August 28, 2026 |
| Refund | August 31, 2026 |
| Credit of Shares | August 31, 2026 |
| Listing | September 1, 2026 |
The IPO timeline covers the application, allotment and listing process for investors.
Hy-Tech Engineers shows growth in income, EBITDA and PAT between FY24 and FY26, while borrowings declined in FY26. The IPO has also seen strong retail and NII participation, and the latest GMP indicates high grey-market expectations. At the same time, the 22.27x post-issue P/E and large OFS component are important factors to consider.
Investors should not rely only on GMP or subscription numbers. The company's earnings growth, valuation, debt position, planned manufacturing expansion, industrial demand, raw-material costs, overseas markets and broader market conditions should also be considered before making an investment decision. The Hy-Tech Engineers IPO should therefore be assessed on both its financial performance and broader IPO factors.
The Hy-Tech Engineers IPO is a ₹135.73 crore public issue with a price band of ₹50 to ₹53 per share. The issue includes a ₹60 crore fresh issue and an offer for sale of 1,42,89,450 shares.
The Hy-Tech Engineers IPO price band is ₹50 to ₹53 per share, with the issue price fixed at the upper band of ₹53.
The Hy-Tech Engineers IPO GMP was around ₹44 on the final day of bidding, indicating an estimated listing price of approximately ₹97 against the ₹53 issue price. GMP is an unofficial indicator and does not guarantee the actual listing price.
At a GMP of ₹44, the implied listing price is around ₹97 per share, representing a potential premium of approximately 83% over the ₹53 issue price. The actual listing price can differ substantially from the GMP indication.
Based on a ₹44 GMP against the ₹53 issue price, the implied listing gain is approximately 83.02%, or ₹44 per share. This is only a grey-market indication and should not be treated as a guaranteed return.
No. GMP is an unofficial and unregulated indicator based on grey-market activity. It can change before listing and does not guarantee the actual listing price or listing gains. Investors should also consider the company's financial performance, valuation and risks.
The IPO has attracted very strong demand, with overall subscription reaching around 50 times by the final day of bidding. NII and retail categories have recorded particularly strong demand.
Current updates indicate that the Hy-Tech Engineers IPO was subscribed around 50.86 times on the final day of bidding, although the exact figure can change as bidding continues through the closing session.
Retail investors have shown strong demand for the issue, with the retail portion among the heavily subscribed categories. The final subscription figure should be checked after bidding officially closes.
The NII category has recorded exceptionally strong demand, with subscription reaching several dozen times the shares available during the issue period. The NII category has been one of the major drivers of the overall subscription.
The QIB portion has seen comparatively lower demand than the retail and NII categories during the bidding period. The final QIB subscription figure will be available after the IPO closes.
The Hy-Tech Engineers IPO opened on August 24, 2026, and closes on August 27, 2026.
The tentative basis of allotment date is August 28, 2026. Investors who apply for the IPO can check their allotment status after the basis of allotment is finalised.
Share credit is expected around August 31, 2026, subject to the completion of the allotment and settlement process.
The tentative listing date is September 1, 2026, with the shares proposed to list on BSE and NSE.
Investors can check their Hy-Tech Engineers IPO allotment status after the basis of allotment is finalised by using their application details, PAN or demat information through the applicable registrar or exchange platforms.
The Hy-Tech Engineers IPO lot size is 283 shares. At the upper price band of ₹53, one lot requires a minimum investment of ₹14,999.
The minimum retail investment is ₹14,999, based on one lot of 283 shares at the upper price of ₹53 per share.
Hy-Tech Engineers manufactures and supplies hydraulic fittings for industrial applications. Its products are used across areas including construction machinery, automobiles, agricultural machinery, injection moulding machines and hydraulic systems. The company has more than 11,000 product SKUs.
The answer depends on an investor's risk profile, investment horizon and valuation assessment. The company has reported growth in revenue and profit, while its post-issue P/E is around 22.27 times. Investors should also consider the large OFS component, industrial cyclicality and execution risks.
The IPO has attracted attention from listing-gain investors because of its strong GMP and high subscription levels. However, GMP is unofficial, and a high GMP does not guarantee a similar listing premium.
Investors should assess the company's financial performance, valuation, business prospects, subscription levels, GMP and associated risks before deciding whether to apply. A strong GMP or subscription number alone should not be considered sufficient for an investment decision.
The post-issue P/E ratio is approximately 22.27 times at the ₹53 issue price. The reported pre-IPO P/E is around 19.63 times.
Hy-Tech Engineers reported FY26 revenue of around ₹193.44 crore and profit after tax of ₹22.59 crore. Its FY26 ROE was 20.24%, ROCE was 24.40% and EBITDA margin was 22.01%.
The fresh issue proceeds are primarily intended for machinery and equipment, repayment or prepayment of borrowings and general corporate purposes. Around ₹29.97 crore is proposed for machinery and equipment and ₹16 crore for debt repayment.
Key risks include dependence on industrial demand, fluctuations in raw-material and input costs, execution of capacity expansion, the cyclical nature of industrial markets and the large OFS component. Investors should also consider the valuation at the IPO price.
At ₹53 per share, the post-issue P/E is around 22.27 times. Whether this represents an attractive or expensive valuation depends on the company's future earnings growth, margins, return ratios and comparison with relevant listed peers.
The total issue size is approximately ₹135.73 crore, consisting of a ₹60 crore fresh issue and an OFS of approximately ₹75.73 crore.
The IPO comprises 2,56,10,204 shares, including 1,13,20,754 fresh shares and 1,42,89,450 shares offered through the OFS.
At the upper issue price of ₹53, the company's post-issue market capitalisation is approximately ₹502.72 crore.
The OFS includes shares offered by promoter shareholders, including Hemant Tukaram Mondkar and Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar.
The GMP has increased significantly during the IPO period, moving from lower levels before the issue to around ₹44 on the final day, implying an estimated 83% premium over the ₹53 issue price.
The rise in GMP appears to reflect strong investor interest, heavy subscription and positive expectations ahead of the proposed listing. However, GMP can be influenced by market sentiment and speculative activity and does not necessarily reflect the company's intrinsic value.
At a GMP of ₹44, the indicative gain for one 283-share lot would be approximately ₹12,452, calculated as ₹44 × 283. This is only an implied grey-market gain and not a guaranteed profit.
If the GMP remains at ₹44, the implied listing price would be ₹97, calculated from the ₹53 issue price plus the ₹44 GMP.
A ₹44 GMP implies a ₹97 listing price, but there is no guarantee that the stock will list at ₹97. The actual listing price will be determined by market trading conditions after listing.
The IPO has attracted strong investor interest because of its business in hydraulic fittings, improving financial performance, strong subscription and high GMP. At the same time, investors should evaluate valuation, industrial cyclicality, the OFS structure and execution risks before deciding whether the issue suits their portfolio.
Investors should check the IPO price, GMP, subscription by category, financial performance, P/E valuation, lot size, use of funds, OFS component, business risks and expected listing timeline rather than relying on any single indicator.
The latest IPO updates are focused on the final day of bidding, strong subscription demand and a GMP of around ₹44, which indicates a potential 83% premium over the ₹53 issue price. The IPO closes on August 27, with allotment expected on August 28 and tentative listing on September 1.
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