Hy-Tech Engineers IPO

Hy-Tech Engineers IPO is a book-built issue worth ₹135.73 crore, comprising a fresh issue of 1.13 crore shares aggregating to ₹60 crore and an offer for sale (OFS) of 1.43 crore shares worth ₹75.73 crore. 

The IPO will open for subscription on August 24, 2026, and close on August 27, 2026. The basis of allotment is expected to be finalised on August 28, 2026, with the company tentatively scheduled to list on the BSE and NSE on September 1, 2026. 

The price band has been set at ₹50–₹53 per share, with a lot size of 283 shares. At the upper price band, retail investors will need to invest a minimum of ₹14,999 for one lot. 

New Berry Capitals Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar. 

Industry Outlook 

1. Hydraulic fittings are used to connect pipes, tubes and hoses, enabling the leak-proof transmission of pressurised hydraulic fluids. Demand for these components is increasing in India. 
2. According to the CARE Report, the Indian hydraulic fittings market grew from USD 271.8 million in CY21 to USD 427.9 million in CY25, registering a CAGR of approximately 10%. 
3. The market is projected to grow at a higher CAGR of around 11% between CY26 and CY31, reaching USD 725.2 million by CY31. 
4. Compression fittings account for the largest share of the market. The segment expanded from USD 81.5 million in CY21 to USD 119.5 million in CY25 and is projected to reach USD 216.8 million by CY31. 
5. Growth in demand is being driven by the expansion of the manufacturing, construction, automotive and agriculture sectors, along with increasing infrastructure development and industrialisation. 
6. Exports are also emerging as an important growth driver. Indian hydraulic fitting exports reached USD 114.2 million in FY26, growing at a CAGR of approximately 21.2%, according to the Industry Overview chapter. 
7. Improved precision manufacturing capabilities and the growing acceptance of Indian-made fittings that meet global OEM standards are supporting export growth. 
8. Hy-Tech Engineers has a presence across 11 international markets, positioning the company to potentially benefit from the growing demand for Indian hydraulic fittings in overseas markets. 

Hy-Tech Engineers IPO Objectives  

The company plans to utilise the net proceeds from the IPO for the following purposes: 

1. The company plans to use ₹29.97 crore towards capital expenditure, including the purchase of machinery and equipment for expansion at its Kavathe and Shirwal units and procurement for Pithampur Unit-I. 
2. ₹16 crore will be utilised for the full or partial prepayment or repayment of the company’s outstanding borrowings. 
3. A portion of the proceeds will be used for general corporate purposes. 
4. The total amount allocated towards these objectives is ₹45.97 crore. 

About Hy-Tech Engineers Limited  

Hy-Tech Engineers Limited, incorporated in December 1978, is an engineering company specialising in the design, manufacture and supply of hydraulic fittings for various industrial applications. With over four decades of industry experience, the company offers a portfolio of more than 11,000 SKUs, including DIN-metric, JIC flared and flareless, O-Ring Face Seal (ORFS), conversion and customised hydraulic fittings. It follows a B2B business model and serves OEMs and industrial customers in domestic and international markets through direct sales, authorised distributors and distribution partners. Its products cater to sectors such as construction machinery, automotive, agricultural machinery, injection moulding and hydraulic systems, while certifications for railway and defence applications further broaden its market presence. As of March 31, 2026, the company had operations across 11 international markets, including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany. 

The company operates manufacturing facilities in Thane, Shirwal, Kavathe and Pithampur, supported by its Nashik facility, which supplies forged components to these units as part of its backward integration strategy. As of March 31, 2026, Hy-Tech Engineers had 468 permanent employees and 253 contractual workers across functions such as production, finance, sales and marketing, quality control, supply chain, design and human resources. Its key strengths include integrated manufacturing and product development capabilities, a diversified customer base, experienced management, established international presence and a decentralised cell-based manufacturing model. 

How To Check the Allotment Status of the Hy-Tech Engineers IPO? 

Steps to check IPO allotment status on Angel One’s app: 

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email. 

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How To Apply for Hy-Tech Engineers IPO Online? 

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Hy-Tech Engineers IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

Contact Details of Hy-Tech Engineers IPO  

Registered Office: Hy-Tech Engineers Ltd. Address- Plot No. A-160, Main Road, 

Wagle Industrial Estate, Thane, Maharashtra, 400604 

Phone: +91 22 4097 1916 

E-mail: hytechcs@hy-techengineers.com 

Hy-Tech Engineers IPO Reservation 

Hy-Tech Engineers IPO Promoter Holding 

The promoters of the company are Hemant Tukaram Mondkar, Surekha Hemant Mondkar and Ashwin Hemant Mondkar. 

Hy-Tech Engineers IPO Prospectus 

• Hy-Tech Engineers IPO DRHP 

Hy-Tech Engineers IPO Registrar and Lead Managers 

Hy-Tech Engineers IPO Lead Managers 

• New Berry Capitals Pvt.Ltd 

Registrar for Hy-Tech Engineers IPO 

Bigshare Services Pvt.Ltd. 

• Contact Number: 8657578989/8069219065/8069219060
• Email Address: ipo@bigshareonline.com 

Financial Performance of Hy-Tech Engineers Limited 

Hy-Tech Engineers IPO Peer Comparison  

Strengths and Opportunities of Hy-Tech Engineers IPO 

1. The company offers a portfolio of over 11,000 SKUs and introduced 880 new SKUs in FY26, supported by its in-house capabilities for developing application-specific products. 
2. In FY26, the company served 170 direct customers through a dual-channel distribution model comprising direct sales to OEMs and a network of distributors across domestic and international markets. 
3. Over the last three financial years, the company exported hydraulic fittings to 11 countries, including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany. 
4. Its Nashik Unit supports backward integration by supplying forged components to other manufacturing facilities, helping reduce dependence on external suppliers while improving costs, lead times and quality control. 
5. The company benefits from more than four decades of experience in the hydraulic fittings industry under the leadership of Promoter Hemant Tukaram Mondkar. 
6. Its decentralised, cell-based manufacturing model divides operations into self-contained production cells based on specific customer requirements or product categories, supporting operational efficiency and flexibility. 

Risks and Threats of Hy-Tech Engineers IPO  

1. The company’s top 10 customer groups account for a significant and increasing share of revenue. Since it does not have long-term or exclusive contracts with these customers, order volumes could decline if they move to competitors. 
2. Exports contributed 29.37%, 28.30% and 33.14% of total revenue in FY26, FY25 and FY24, respectively, making the company’s revenue susceptible to foreign exchange fluctuations and adverse developments in international markets. 
3. The company reported a year-on-year decline in profit after tax in FY24, and there is no assurance that it will be able to maintain its profitability growth in the future. 
4. The construction machinery, farming and automotive segments accounted for 54.82%, 52.33% and 54.55% of revenue in FY26, FY25 and FY24, respectively. A slowdown in these industries could therefore negatively affect the company’s revenue. 
5. The company operates four of its six manufacturing facilities in Maharashtra and two in Madhya Pradesh, creating geographical concentration. Any disruption in these regions could impact manufacturing operations. 
6. The company has not yet placed orders for the machinery proposed to be purchased using the IPO proceeds. Delays in procurement could consequently postpone the planned expansion of manufacturing capacity.