Hy-Tech Engineers IPO: ₹135.73 Cr Issue Opens Aug 24

Hy-Tech Engineers’ ₹135.73 crore Initial Public Offering (IPO) opened for subscription on Monday, August 24, 2026. The offering, which runs until August 27, has set its price band between ₹50 and ₹53 per share.

Offering Breakdown

• Fresh Issue: ₹60 crore
• Offer for Sale (OFS): ₹75.73 crore by promoters Hemant Tukaram Mondkar and Surekha Hemant Mondkar
• Minimum Bid: 283 shares per lot for retail investors

The Maharashtra-based company plans to allocate a significant portion of the proceeds towards expansion. Specifically, ₹29.96 crore is earmarked for machinery and equipment at its Kavathe, Shirwal, and Pithampur Unit-I facilities. Another ₹16 crore will address loan repayments, with remaining funds allocated for general corporate purposes.

Anchor Investor Participation

Before the public launch, Hy-Tech Engineers successfully secured ₹40.72 crore from anchor investors. This group included notable entities like WhiteOak Capital Asset Management, Winro Commercial (India), Ashika Global Finance, and Varanium Emerging Fund.

Company Profile and Listing Dates

Hy-Tech Engineers operates on a business-to-business (B2B) model, manufacturing hydraulic fittings for original equipment manufacturers and industrial clients globally. The company reported a revenue from operations of ₹189.40 crore and a net profit of ₹22.59 crore in FY26, leveraging six manufacturing facilities across India.

• Allotment Basis: August 28, 2026
• Refunds Initiated: August 31, 2026
• Shares Credited to Demat Accounts: August 31, 2026
• Listing Date: September 1, 2026 on BSE and NSE

New Berry Capitals Private Limited serves as the book-running lead manager, with Bigshare Services acting as the registrar for the IPO.