Hy-Tech Engineers IPO opens today: Price, dates, lot size and key details

Hy-Tech Engineers manufactures hydraulic fittings and has over 11,000 SKUs serving industries including construction, automotive, agriculture, railways and defence. Brokerages see long-term growth potential, supported by its established market presence and manufacturing capabilities.
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Key details: 

Price Band fixed at ₹50 – ₹53 per equity share of face value ₹5 each

Bid /Offer Opening Date – Monday, August 24, 2026, and Closing Date – Thursday, August 27, 2026

IPO quota: Up to 50 per cent for QIBs; 15 per cent for NIIs (or HNIs); and 35 per cent for retail investors

Market lot: Bids can be made for a minimum of 283 Equity Shares and in multiples of 283 Equity Shares thereafter.

IPO structure: Total issue: – ₹135.73 crore: Rs 60 crore fresh issue; and Rs 75.73 crore offer-for-sale

Anchor Investors: Hy-Tech Engineers raised Rs 40.72 crore from eight anchor investors ahead of its Rs 135.7 crore IPO, opening August 24-27. WhiteOak Capital led with a 43% allocation followed by Winro Commercial, Ashika Global Finance, Varanium Dynamic Trust.

Objective of fund raising: Funding the capital expenditure requirements towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I; Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company; and General corporate purposes.

Listing exchanges: BSE, NSE

Lead manager: New Berry Capitals

Registrar: Bigshare Services

About the company: Hy-Tech Engineers Limited is an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. Its product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications.

As of March 31, 2026, its portfolio consists of more than 11,000 stock keeping units (SKUs) of hydraulic fittings, serving diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. In addition, the company has obtained certifications which enable it to cater to sectors such as railways and defence, thereby expanding its addressable market.

Brokerages VIews:

Anand Rathi: Hy-Tech Engineers limited, at the upper end of the price band, the company is valued at a P/E of 22.25x FY26 earnings and an EV/EBITDA of 12.15x, implying a post-issue market capitalisation of ₹5,027 million. While the company is well-positioned to benefit from the growth of the hydraulic fittings industry, the issue appears reasonably valued considering its growth prospects and established market presence. Hence, we recommend a “Subscribe – Long Term” rating to the IPO.

Master Capital Services: Hy-Tech Engineers Limited establishes itself as a solid enterprise in precision engineering plus hydraulic fittings, with backward-integrated manufacturing capabilities. It runs a strong B2B strategy, and it efficiently serves varied industrial requirements in the agricultural, construction machinery and automotive spaces, using a large assortment with more than 11,000 SKUs. Hy-Tech Engineers seems well placed to scale its infrastructure for the rising domestic and international demand. Investors may consider the IPO as a potential long-term investment opportunity.

Published on August 24, 2026