HY-TECH ENGINEERS LTD IPO: Company Review, Subscription and Allotment Updates
2026-08-22 — Company overview and issue details HY-TECH ENGINEERS LTD IPO (ABOUT THE COMPANY) HY-TECH ENGINEERS LTD – COMPANY BACKGROUND Hy-Tech Engineers Ltd was incorporated in the year 1978 and is engaged in the design, manufacture…
2026-08-22 — Company overview and issue details
HY-TECH ENGINEERS LTD IPO (ABOUT THE COMPANY)
HY-TECH ENGINEERS LTD – COMPANY BACKGROUND
Hy-Tech Engineers Ltd was incorporated in the year 1978 and is engaged in the design, manufacture and supply of hydraulic fittings across diverse industrial applications. It has been engaged in the hydraulics industry for over 40 years and its portfolio includes more than 11,000 SKUs. Some of its key products include DIN-metric fittings, flared and flareless fittings, O-Ring face seal fittings, conversion fittings, and other customized products. It operates on a B2B model in the domestic and the global market. It largely caters to original equipment manufacturers (OEMs) and industrial consumers. It handles direct sales and through authorized sales agencies. It has global presence across Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Germany, and Hungary; among others.
The promoters of Hy-Tech Engineers Ltd are Hemant Mondkar, Surekha Mondkar, and Ashwin Mondkar. The IPO will be a combination of a fresh issue of shares and an offer for sale (OFS) component. The fresh issue funds will be used for funding capex for purchase of machinery and repayment of loans as well as for general corporate purposes. The OFS is being done entirely by promoter shareholders. The issue is being lead-managed by New Berry Capitals Private Ltd; while Bigshare Services Private Ltd is the IPO registrar.
HIGHLIGHTS OF THE IPO ISSUE OF HY-TECH ENGINEERS LTD
Here are the key highlights of the public issue of Hy-Tech Engineers Ltd.
The IPO is open from August 24th, 2026 to August 27th, 2026. It has a face value of ₹5 per share and the IPO price band has been fixed in the range of ₹50 to ₹53 per share.
The IPO of Hy-Tech Engineers Ltd will be a combination of a fresh issue of shares and an offer for sale of shares by the investor shareholders.
The Fresh Issue portion of the IPO comprises the issue of 1,13,20,754 shares (113.21 lakh shares), which at the upper price band of ₹53 per share, translates into a fresh issue size of ₹60.00 crore.
The offer for sale (OFS) portion of the IPO comprises the sale of 1,42,89,450 shares (142.89 lakh shares), which at the upper price band of ₹53 per share, translates into an OFS size of ₹75.73 crore.
Therefore, the overall IPO will comprise of the fresh issue portion and offer for sale (OFS) portion comprising of 2,56,10,204 shares (256.10 lakh shares), which at the upper price band of ₹53 per share translates into overall issue size of ₹135.73 crore.
Due to dilutive impact of the fresh issue and the offer for sale (OFS) by promoters, the promoter stake in the company will reduce from 97.99% pre-IPO to 71.23% post-IPO.
The IPO of Hy-Tech Engineers Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on August 21, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Hy-Tech Engineers Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Monday, 24 August, 2026 |
| IPO Close Date | Thursday, 27 August, 2026 |
| Basis of Allotment | Friday, 28 August, 2026 |
| Initiation of Refunds to non-allottees | Monday, 31 August, 2026 |
| Credit of Shares to Demat | Monday, 31 August, 2026 |
| Listing Date on NSE and BSE | Tuesday, 1 September, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 76,83,060 shares | 29.75% of total IPO size |
| QIB Shares Offered | 50,00,680 shares | 19.36% of total IPO size |
| NII (HNI) Shares Offered | 39,43,418 shares | 15.27% of total IPO size |
| Retail Shares Offered | 92,01,308 shares | 35.62% of total IPO size |
| Total Shares Offered | 2,58,28,466 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Hy-Tech Engineers Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 283 | ₹ 14,999 |
| Retail (Max) | 13 | 3,679 | ₹ 1,94,987 |
| S-HNI (Min) | 14 | 3,962 | ₹ 2,09,986 |
| S-HNI (Max) | 66 | 18,678 | ₹ 9,89,934 |
| B-HNI (Min) | 67 | 18,961 | ₹ 10,04,933 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 283 shares)
FINANCIAL HIGHLIGHTS OF HY-TECH ENGINEERS LTD
The table captures the key financials of Hy-Tech Engineers Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 189.40 | 161.38 | 137.71 |
| Sales Growth (%) | 17.36% | 17.19% | |
| Profit after Tax (₹ in crore) | 22.59 | 19.62 | 11.60 |
| PAT Margins (%) | 11.93% | 12.16% | 8.42% |
| Total Equity (₹ in crore) | 122.02 | 101.25 | 82.22 |
| Total Assets (₹ in crore) | 175.71 | 170.65 | 146.24 |
| Return on Equity (%) | 18.52% | 19.38% | 14.10% |
| Return on Assets (%) | 12.86% | 11.50% | 7.93% |
| Asset Turnover Ratio (X) | 1.08 | 0.95 | 0.94 |
| Earnings per share (₹) | 2.70 | 2.35 | 1.39 |
| EBITDA (₹ in Crore) | 41.69 | 35.79 | 22.55 |
| EBITDA Margins (%) | 22.01% | 22.18% | 16.38% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The company has seen a consistent improvement in its net margins by almost 350 basis points over the last 2 years. The ROE and the EBITDA margins have also improved in the last 2 years, while the sales growth has been consistent around the 17% mark. More importantly, the company is very low on debt, reducing its solvency risk substantially.
VALUATION METRICS OF HY-TECH ENGINEERS LTD IPO
At the IPO price of ₹53 (upper band), the stock gets discounted at a P/E ratio of 19.6X, based on the latest FY26 EPS of ₹2.70. The valuations are fairly reasonable compared to the industry peers and its ROE and ROA numbers are also above par with the industry. The company appears to be on a comfortable wicket with respect to financials.
Apart from the valuations, the company brings some advantages to the table. It has a diverse product and customer range, de-risking its business model substantially. Its vast SKU and the global presence also reduces the risk of domestic cycles. Investors can look at the IPO from a longer-term perspective, allowing for the EPS to pick up further steam on future growth, so the valuations become more compelling.
2026-08-22 — Anchor allocation
HY-TECH ENGINEERS LTD IPO (ANCHOR ALLOCATION 29.75%)
BRIEF ON ANCHOR ALLOCATION OF HY-TECH ENGINEERS LTD
The anchor issue of Hy-Tech Engineers Ltd saw a strong response on 21st August 2026 with 29.75% of the IPO size absorbed by anchors. Out of 2,58,28,466 shares (258.28 lakh shares) on offer in the IPO; anchors picked up 76,83,060 shares (76.83 lakh shares) accounting for 29.75% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹53 per share. This includes the face value of ₹5 per share plus a share premium of ₹48 per share. The anchor bidding opened and closed on 21st August 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Hy-Tech Engineers Ltd
| Bid Date | August 21, 2026 |
|---|---|
| Shares Offered | 76,83,060 shares |
| Anchor Portion Size (₹ in crore) | ₹40.72 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Sep 25, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Nov 24, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN HY-TECH ENGINEERS LTD
On 21st August 2026, Hy-Tech Engineers Ltd allotted 76,83,060 shares to a total of 8 anchor investors. The allocation was done at the upper IPO price band of ₹53 per share which resulted in overall anchor allocation of ₹40.72 crore. The anchors have already absorbed 29.75% of the total issue size of ₹136.89 crore, after factoring in the employee discount offered in the IPO, if any.
Listed below are the Top 8 IPO anchor investors who accounted for anchor collection of ₹40.72 crores, or, 100.00% of the overall anchor allocation of shares, one trading day ahead of the IPO of Hy-Tech Engineers Ltd. The individual anchor allocation of top-8 investors is indexed descending on the number of shares allotted.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Winro Commercial India Ltd | 22,64,000 | 29.47% | ₹ 12.00 |
| 02 | Whiteoak Capital Multicap Fund | 13,35,760 | 17.39% | ₹ 7.08 |
| 03 | Ashika Global Finance Ltd | 11,32,176 | 14.74% | ₹ 6.00 |
| 04 | Whiteoak Capital Equity Fund | 9,43,522 | 12.28% | ₹ 5.00 |
| 05 | Varanium Emerging Fund | 9,43,522 | 12.28% | ₹ 5.00 |
| 06 | Whiteoak Capital BAF | 5,71,660 | 7.44% | ₹ 3.03 |
| 07 | Whiteoak Capital Aggressive Hybrid Fund | 3,79,220 | 4.94% | ₹ 2.01 |
| 08 | Whiteoak Capital Equity Savings Fund | 1,13,200 | 1.47% | ₹ 0.60 |
| Grand Total | 76,83,060 | 100.00% | ₹ 40.72 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation, with the mutual fund portion segregated, can be accessed on BSE by clicking on the link below.
Out of the 76,83,060 shares allocated to the anchors in the IPO, there was an allocation of 23,99,840 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual funds was spread across 4 MF schemes of 1 asset management company (AMC). Mutual funds accounted for 31.24% of the overall anchor allocation.
Out of the 76,83,060 shares allocated to the anchors in the IPO, there was no allocation of shares made to life insurance companies regulated by IRDAI. The remaining anchor allocation was spread across NBFCs, SIFs, and alternate investment funds (AIFs).
NEXT STEPS IN HY-TECH ENGINEERS LTD IPO
Post the closure of the IPO subscription on 27th August 2026, the basis of allotment will be finalized on 28th August 2026 and the refunds will be initiated on 31st August 2026. In addition, the demat credits are expected to also happen on 31st August 2026 and the stock will list on 01st September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 31st August 2026 under ISIN (INE0LEG01024).
2026-08-27 — Day-3 subscription update
Hy-Tech Engineers Ltd (Day-3 Final Subscription at 244.41 times)
HY-TECH ENGINEERS LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.20 pm on 27th August 2026, out of the 181.45 lakh shares on offer in the IPO (excluding anchor portion), Hy-Tech Engineers Ltd saw bids for 44,349.71 lakh shares. This implies an overall subscription of 244.41X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Hy-Tech Engineers Ltd was as under:
| Employees (N.A.) | QIBs (255.77X) | HNI / NII (402.29X) | Retail (170.58X) |
|---|
The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 29.75% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 76,83,060 | 76,83,060 | 40.72 |
| Employee Quota | N.A. | 0 | 0 | 0.00 |
| QIB Investors | 255.77 | 50,00,680 | 1,27,90,02,086 | 6,778.71 |
| HNIs / NIIs | 402.29 | 39,43,418 | 1,58,63,94,139 | 8,407.89 |
| Retail Investors | 170.58 | 92,01,308 | 1,56,95,74,317 | 8,318.74 |
| Total | 244.41 | 1,81,45,406 | 4,43,49,70,542 | 23,505.34 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of Hy-Tech Engineers Ltd was open up to August 27, 2026, and has closed for subscription as of the close of trading hours on August 27, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹23,546.06 crore.
NEXT STEPS IN THE HY-TECH ENGINEERS LTD IPO
Post the closure of the IPO subscription on 27th August 2026, the basis of allotment will be finalized on 28th August 2026 and the refunds will be initiated on 31st August 2026. In addition, the demat credits are expected to also happen on 31st August 2026 and the stock will list on 01st September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 31st August 2026 under ISIN (INE0LEG01024).
2026-08-28 — Allotment guidance and next steps
Hy-Tech Engineers Ltd IPO (How to check allotment status)
ABOUT THE HY-TECH ENGINEERS LTD IPO
The IPO of Hy-Tech Engineers Ltd opened for subscription on August 24th, 2026 and closed on August 27th, 2026. The overall IPO comprised of a fresh issue and an offer for sale (OFS) of 2,58,28,466 shares (258.28 lakh shares) worth ₹136.89 crore at the upper band price of ₹53 per share. The allotment status will be finalized by end of day (EOD) of August 28th, 2025. Here is how to check your allotment status for the IPO of Hy-Tech Engineers Ltd. You can check IPO status on BSE or NSE or IPO Registrar (Bigshare Services Private Ltd) website.
CHECKING ALLOTMENT STATUS OF HY-TECH ENGINEERS LTD IPO ON BSE WEBSITE
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Hy-Tech Engineers Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip or
Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Hy-Tech Engineers Ltd allotted into your demat account. You can save a screenshot of the allotment status output for verifying with demat account credits.
CHECKING ALLOTMENT STATUS OF HY-TECH ENGINEERS LTD IPO ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select HTEL from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip and
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input both data points; the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Hy-Tech Engineers Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF HY-TECH ENGINEERS LTD ON BIGSHARE SERVICES PRIVATE LIMITED (REGISTRAR TO THE IPO)
Here are the steps to follow. Visit the Bigshare Services Private Ltd registrar website for IPO status by clicking on the link below:
https://ipo.bigshareonline.com/IPO_Status.html
Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are server backups in case one server is experiencing too much traffic, you can select another server and try again. There will be no output difference, whichever server you select.
This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Hy-Tech Engineers Ltd from the dropdown box. Once the company is selected from the dropdown box, you have 3 methods to check allotment status for the IPO.
Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number, enter the captcha, and then click on the search button.
Secondly, you can search by Beneficiary ID of your demat account. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. Write it in once single string in the box. Then enter the captcha and press the search button.
Thirdly, you can search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, enter the captcha code and then, click on the Search Button.
The IPO status with number of shares of Hy-Tech Engineers Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference
In case, you have any issues with the output, register an investor query with Bigshare Services India Private Ltd. You can either send an email with all requisite details and problem to info@bigshareonline.com or you can call on (+91)-22-6263-8200 for voice call.
NEXT STEPS IN THE HY-TECH ENGINEERS LTD IPO
Post the closure of the IPO subscription on 27th August 2026, the basis of allotment will be finalized on 28th August 2026 and the refunds will be initiated on 31st August 2026. In addition, the demat credits are expected to also happen on 31st August 2026 and the stock will list on 01st September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 31st August 2026 under ISIN (INE0LEG01024).
Interested in applying for this IPO?
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