Hy-Tech Engineers IPO Oversubscribed 134x, GMP Suggests Strong Listing
By IPO Desk
Hy-Tech Engineers IPO closes with massive 134.04x subscription. Strong investor demand across all categories, with GMP hinting at an 84.91% potential gain.
The Hy-Tech Engineers IPO saw its bidding close on August 27, 2026, with an overall subscription of 134.04 times. This significant demand came on the fourth and final day of bidding, indicating robust investor interest.
Subscription Breakdown
- Non-institutional investors (NIIs) oversubscribed their portion 271.76 times.
- Within NIIs, bids above ₹10 lakh hit 244.01 times, while the ₹2 lakh–₹10 lakh segment reached 327.26 times.
- Qualified Institutional Buyers (QIBs) subscribed 108.81 times their allocated shares.
- Retail investors showed strong engagement, subscribing 88.72 times their reserved portion.
The IPO itself was structured for ₹135.73 crore. This included a fresh issue of 1.13 crore shares valued at ₹60 crore, alongside an Offer For Sale (OFS) of 1.43 crore shares amounting to ₹75.73 crore.
Financial Details
- Total IPO Size: ₹135.73 crore.
- Fresh Issue: ₹60 crore (1.13 crore shares).
- Offer For Sale (OFS): ₹75.73 crore (1.43 crore shares).
- Price Band: ₹50 to ₹53 per share.
- Retail Lot Size: 283 shares, requiring ₹14,999 at the upper band.
- Anchor Investor Funds Raised: ₹40.72 crore.
Grey Market Premium (GMP) reports suggested potential gains of approximately 84.91% over the upper issue price. This unofficial indicator reflects market sentiment, though it does not guarantee final listing performance.
Share allotment is expected to finalize on August 28, 2026. The shares are tentatively scheduled for listing on the NSE and BSE by September 1, 2026.