Hy-Tech Engineers Ltd. is an engineering company engaged in the design, manufacturing, and supply of hydraulic fittings. The company offers over 11,000 SKUs, including DIN-metric, JIC, ORFS and conversion fittings, along with customized products.
The company operates six manufacturing facilities in India, including four in Maharashtra and two in Madhya Pradesh. Its manufacturing capabilities include forging, heat treatment, machining, plating, inspection, and testing.
The company operates on a B2B model across domestic and international markets, selling directly to OEMs and industrial customers as well as through distributors. It served 170 direct customers and had an international presence in the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany as of March 31, 2026.
Product Portfolio:
- Customized Hydraulic Fittings
- DIN-Metric Fittings
- JIC Flared and Flareless Fittings
- O-Ring Face Seal (ORFS) Fittings
- Conversion Fittings
As of March 31, 2026, Hy-Tech Engineers Ltd. had 468 permanent employees and a contractual workforce of 253 personnel.
Hy-Tech Engineers IPO – Details
| IPO Opening Date | 24 August 2026 |
| IPO Closing Date | 27 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,56,10,204 Shares Worth ₹135.73 Crore Fresh Issue: 1,13,20,754 Shares Worth ₹60.00 Crore Offer For Sale: 1,42,89,450 Shares Worth ₹75.73 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹50 – ₹53 per share |
| Market Lot | 283 Shares |
| Min Order | 283 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Hy-Tech Engineers IPO – Date Schedule
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Basis of Allotment | 28 August 2026 |
| Initiation of Refund | 31 August 2026 |
| Credit of Shares to Demat Account | 31 August 2026 |
| IPO Listing Date | 01 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 27, 2026 |
Hy-Tech Engineers IPO – Lots Size & Price
| 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 |
Competitive Strength
- 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.
Company Promoters
- Hemant Tukaram Mondkar
- Surekha Hemant Mondkar
- Ashwin Hemant Mondkar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹141.17 Cr | ₹125.37 Cr | ₹11.60 Cr | ₹40.84 Cr |
| 31 March 2025 | ₹166.71 Cr | ₹140.51 Cr | ₹19.62 Cr | ₹43.53 Cr |
| 31 March 2026 | ₹193.44 Cr | ₹162.87 Cr | ₹22.59 Cr | ₹29.76 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 20.24% |
| ROCE | 24.40% |
| RoNW | 20.24% |
| PAT Margin | 11.68% |
| EBITDA Margin | 22.01% |
| NAV | 14.61 |
| Price to Book Value | 3.63 |
| Pre IPO | Post IPO | |
| EPS (₹) | 2.70 | 2.38 |
| P/E (x) | 19.63 | 22.27 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding capital expenditure requirement of the Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit, and procurement of Pithampur Unit-I. | ₹29.97 |
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company. | ₹16.00 |
| General corporate purposes. |
Hy-Tech Engineers IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 2 | Aeroflex Industries Limited | 107.04 |
| 2 | 10 | Dynamatic Technologies Limited | 230.32 |
| 3 | 10 | Yuken India Limited | 69.32 |
✅Strengths
- Over four decades of experience in hydraulic fittings manufacturing.
- Wide product portfolio of over 11,000 SKUs, including customized fittings.
- Six manufacturing facilities with integrated production capabilities.
- Served 170 direct customers across domestic and international markets in FY2026.
- International presence across 11 countries, supporting geographic diversification.
⚠️Risks
- Top 10 customers contributed 45.32% of FY2026 revenue.
- Top 10 suppliers accounted for 65.61% of FY2026 purchases.
- Raw material price fluctuations may impact production costs and margins.
- Export business faces currency, geopolitical and regulatory risks.
- Business performance depends on demand from key industrial sectors.
Hy-Tech Engineers IPO Promoter Holding
| Pre Issue Share Holding | 97.99% |
| Post Issue Share Holding | 71.23% |
Hy-Tech Engineers IPO Prospectus
Company Contact Information
| Hy-Tech Engineers Ltd. Plot No. A-160 Main Road, Wagle Industrial Estate, Thane, Maharashtra, 400604 Phone: +91 22 4097 1916 Email: hytechcs@hy-techengineers.com Website: https://www.hy-techengineers.com/index.php |
Hy-Tech Engineers IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Hy-Tech Engineers IPO Lead Manager(s)
| 1. New Berry Capitals Pvt.Ltd. |
Hy-Tech Engineers IPO FAQs
| What is the Hy-Tech Engineers IPO? Hy-Tech Engineers IPO is a main-board IPO. The issue is priced at ₹50 to ₹53 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Hy-Tech Engineers IPO open? The IPO is to open on 24 August 2026 for QIB, NII, and Retail Investors. |
| What is Hy-Tech Engineers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Hy-Tech Engineers IPO Size? Hy-Tech Engineers IPO size is ₹135.73 Crore. |
| What are the Hy-Tech Engineers IPO Minimum and maximum lot sizes for Retail? The minimum bid is 283 Shares with ₹14,999, while the maximum bid is 3679 Shares with ₹1,94,987. |
| What is the Hy-Tech Engineers IPO Allotment Date? Hy-Tech Engineers IPO allotment date is 28 August 2026. |
| What is the Hy-Tech Engineers IPO Listing Date? Hy-Tech Engineers IPO listing date is 01 September 2026. The IPO is to be listed on the BSE and the NSE. |
