Incorporated in December 1978, Hy-Tech Engineers Limited is an engineering company engaged in the design, manufacture and supply of hydraulic fittings for diverse industrial applications. With over four decades of experience in the hydraulics industry, the Company offers a portfolio of more than 11,000 SKUs, including DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings and customized hydraulic fittings.
The Company operates on a B2B model across domestic and international markets, serving OEMs and industrial customers through direct sales as well as authorized distributors and distribution partners. Its products cater to industries including construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems, while certifications for railway and defence applications further expand its market reach. As of March 31, 2026, the Company had an international presence across markets including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany.
Hy-Tech Engineers operates manufacturing facilities at Thane, Shirwal, Kavathe and Pithampur, supported by its Nashik unit, which supplies forged components to these facilities as part of its backward integration strategy.
As of March 31, 2026, the Company had 468 permanent employees and a contractual workforce of 253 personnel across various functions, including production, finance, sales and marketing, quality control, supply chain, design and human resources.
Strengths
- Integrated operations and product development capabilities.
- Diversified customer base with wide market reach.
- Experienced leadership, deep market understanding and industry credibility.
- Established global presence with access to growing international markets.
- Decentralized cell-based manufacturing model.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding capital expenditure requirement of the Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and procurement Pithampur Unit-I | ₹30 |
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company | ₹16 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 176 | 171 | 146 |
| Revenue | 193 | 167 | 141 |
| PAT | 23 | 20 | 20 |
| EBITDA | 42 | 35,788,000 | 23 |
| Net Worth | 122 | 101 | 82 |
| Reserves | 80 | 59 | 82 |
| Total Borrowing | 30 | 44 | 41 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 249.71 | 5,122,042 | 1,279,002,086 |
| NII / HNI | 412.96 | 3,841,531 | 1,586,394,988 |
| Retail (RII) | 175.10 | 8,963,571 | 1,569,538,659 |
| Total | 247.39 | 17,927,144 | 4,434,935,733 |
* Amount calculated at upper price band (₹53) · ** Total includes all investor categories
- 1 Initiation of Refund 31 Aug 2026
- 2 Credit of Shares to Demat 31 Aug 2026
- 3 Lock-in Period (30%) Sun, Sep 27, 2026
- 4 Lock-in Period (50%) Thu, Nov 26, 2026
- The IPO P/E of 22x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹2 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
The information on mainboardgmp.com is provided for educational and informational purposes only.
We are not a Securities and Exchange Board of India (SEBI)-registered investment advisor, analyst, broker, or financial planner. The content, data, and insights on this website, including Grey Market Premium (GMP), subscription data, IPO dates, and market information, are not intended as financial advice or recommendations to buy, sell, or hold securities.
GMP and related IPO data are collected from unofficial market sources and may not reflect actual IPO listing performance or future price movements. You should not rely solely on the information provided here to make financial or investment decisions.
Investing in IPOs and securities involves risk. Always conduct your own research and consult a qualified SEBI-registered financial advisor before making investment decisions. mainboardgmp.com and its owners shall not be liable for any financial losses, trading losses, or damages arising from use of this website.
By accessing and using mainboardgmp.com, you agree to be bound by these Terms & Conditions. If you do not agree with any part of these terms, you should not use this website.
mainboardgmp.com provides information related to IPOs, including Grey Market Premium (GMP), subscription status, IPO dates, company details, and market trends. All content is for informational purposes only.
Nothing on this website constitutes financial, investment, tax, or legal advice. The content does not constitute a recommendation to invest in any securities, and no assurance is made regarding the accuracy, completeness, or reliability of any information. You should independently verify all information and consult qualified professionals before making investment decisions.
We strive to provide accurate and up-to-date information, but we do not guarantee that all content is correct, complete, or current at all times. IPO details and GMP data are subject to change without notice.
All content, design, graphics, and data on this website belong to mainboardgmp.com and may not be copied, reproduced, or redistributed without express written permission.
You agree not to use the website for unlawful purposes or in a way that may harm, disable, or impair the site's operation.
To the maximum extent permitted by law, mainboardgmp.com and its affiliates shall not be liable for any losses, damages, costs, or expenses arising out of your use of this website.
These Terms shall be governed by the laws of India. Any disputes will be subject to the exclusive jurisdiction of courts located in Kolkata, West Bengal.
We reserve the right to modify these Terms at any time. Continued use of the site constitutes acceptance of the updated Terms.
We may collect: email address (if submitted voluntarily), IP address, browser and device information, cookies and usage data. We do not collect sensitive personal information unless voluntarily provided.
Collected data may be used to improve website performance, respond to inquiries, send newsletters or updates (if you subscribe), and analyze traffic through analytics tools.
We use cookies and similar technologies to enhance user experience and track website usage. Users can disable cookies through browser settings.
We may use third-party services (e.g., Google Analytics) that collect demographic and usage data to help us understand traffic and improve services.
We do not sell personal information. We may share data with service providers (e.g., analytics providers) who assist with website operations.
Reasonable measures are taken to protect user data, but no online transmission can be guaranteed 100% secure.
This website is not directed at children under the age of 18.
We may update this Privacy Policy at any time. Continued use of the website constitutes acceptance of changes.
For privacy concerns, please contact us via the Support page.