Hy-Tech Engineers Limited
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₹39(73.58%)
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Hy-Tech Engineers Limited's achieved publicly listed status following its IPO debut on Sep 01, 2026 at the NSE, BSE platform. The offering successfully mobilized 2,56,10,204 Shares, with 1,13,20,754 Shares allocated to corporate growth initiatives and ₹75.73 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹50 to ₹53, starting from minimum lots of 283 shares. The subscription window from Aug 24, 2026 through Aug 27, 2026 enabled investor participation across market segments.
Share allocation was completed on Aug 28, 2026, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 1978, Hy-Tech Engineers Ltd. is a manufacturer of hydraulic fittings used in various industrial applications, offering products such as DIN metric fittings, JIC fittings, O-ring face seal fittings, conversion adaptors, and other specialized fittings. The company operates four modern manufacturing facilities located in Thane, Pune (Shirwal), Nashik, and Pithampur, and has a wide product range with over 3,500 items and more than 10,000 fitting variants. It follows a B2B business model, serving both domestic and international markets through direct sales to OEMs and industrial clients, as well as through authorized distributors. As of March 31, 2025, the company had 425 permanent employees along with around 260 contract workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Operations & Product Development: The company offers 11,000+ hydraulic fitting SKUs and develops application-specific products. It added 880 new SKUs in FY2026, reflecting strong innovation and adaptability.
- Diversified Customer Base & Wide Reach: The company serves 170 direct customers through 7 distributors and distribution partners, reaching diverse markets across India and 176 overseas markets.
- Decentralized Cell-Based Manufacturing: Its cell-based manufacturing model provides dedicated oversight for production, quality, and design, supporting accountability, consistent delivery, and customer-focused operations.
- Growth & Expansion Risk: The company recorded negative year-on-year PAT growth in FY2024 and may face challenges in executing expansion plans within the targeted timelines and budgets.
- Dependence on Third-Party Logistics: The company relies on external logistics providers for transportation. Delays, accidents, or service disruptions could affect supply chains, cash flows, and financial performance.
- Machinery Procurement & Expansion Risk: Machinery required for planned expansion has not yet been firmly ordered. Delays in procurement, vendor issues, price increases, or cost overruns could delay expansion and increase project costs.
- Hemant Tukaram Mondkar
- Surekha Hemant Mondkar
- Ashwin Hemant Mondkar
Hy-Tech Engineers Limited
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