Hy-Tech Engineers IPO Opens: Rs 135.73 Cr Target, Rs 25 GMP

Hy-Tech Engineers Ltd. launched its IPO on August 24, 2026, aiming to raise Rs 135.73 crore. The issue opened with a Grey Market Premium (GMP) of Rs 25, hinting at a potential 47.17% listing premium.

IPO Structure & Investment

The book-built offering comprises both fresh shares and an Offer For Sale (OFS).

• Fresh Issue: 1.13 crore shares, valued at Rs 60 crore.
• Offer For Sale (OFS): 1.43 crore shares, amounting to Rs 75.73 crore.

The price band for the IPO is set between Rs 50 and Rs 53 per share, with a lot size of 283 shares. Retail investors face a minimum investment of Rs 14,999 at the upper price band.

Market Activity & Key Dates

The Grey Market Premium (GMP) for Hy-Tech Engineers IPO shares stood at Rs 25 as of 9:00 a.m. on August 24. This suggests an estimated listing price of Rs 78 per share, a 47.17% premium over the upper issue price.

On its opening day, the IPO saw a subscription of 0.54 times by 10:20 a.m. The subscription window is scheduled to close on August 27.

• Allotment Finalization: August 28.
• Listing on NSE and BSE: September 1.

Company Performance & Use of Proceeds

Hy-Tech Engineers Ltd. reported growth between FY25 and FY26.

• Revenue increased by 16%.
• Profit After Tax (PAT) rose by 15%.

For FY26, the company posted a total income of Rs 193.44 crore, with a PAT of Rs 22.59 crore and EBITDA of Rs 41.69 crore. Proceeds from the IPO are earmarked for capital expenditure, debt repayment, and general corporate needs.

Established in December 1978, Hy-Tech Engineers specializes in hydraulic fittings, offering over 11,000 SKUs to various OEMs and industrial clients.