Hy-Tech Engineers Limited IPO — Subscription & GMP
- Price band
- ₹50 – ₹53
- Lot size
- 283
- Issue size
- ₹96.17 Cr
- Bidding
- 24 Aug 2026 → 27 Aug 2026
- Allotment
- —
- Listing
- 01 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 37.7 percentage points against the buyer — it implied +79.25% and the issue listed +41.51%. Counted in our running GMP accuracy record.
Schedule
- 24 Aug 2026IPO open date
- 27 Aug 2026IPO close date
- 28 Aug 2026Allotment date†
- 28 Aug 2026Funds unblock or debit†
- 01 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsBusiness Model of Hy-Tech Engineers Limited
Hy-Tech Engineers Limited operates as an engineering company focused on the design, manufacture, and supply of precision hydraulic fittings and forged components for diverse industrial applications.
- Core Offerings: With over four decades of experience, the company boasts a massive product portfolio of more than 11,000 SKUs. This includes standard fittings (like DIN-metric, JIC flared/flareless, and ORFS) as well as customized hydraulic parts engineered for specific client applications.
- Manufacturing and Backward Integration: Hy-Tech operates six sophisticated manufacturing facilities across Maharashtra and Madhya Pradesh. A key pillar of its business model is its backward integration strategy; its Nashik facility is dedicated to producing the forged components required by its other plants. This internal supply chain control ensures high product quality, reduces lead times, and improves cost efficiency.
- Target Markets: Operating strictly on a B2B model, the company supplies directly to Original Equipment Manufacturers (OEMs) and industrial customers, while also leveraging a network of authorized distribution partners. Its products serve a diversified range of industries, including construction machinery, agriculture, automotive, injection molding, railways, and defense.
- Revenue Generation and Global Reach: The company generates revenue through the sale of its manufactured hydraulic components in both domestic and international markets. Exports form a significant portion of its incomeâaccounting for over 29% of its revenue in FY26âwith a strong presence in regions like the United States, Europe, and the Middle East.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹2.70 | — |
| P/E ratio | 19.63× | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 793 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 50.01 L | 99.80 Cr | 199.57× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 16.52 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 34.13 Cr | — |
| 1(c)Mutual funds | — | 1.53 Cr | — |
| 1(d)Others | — | 47.61 Cr | — |
| 2Non Institutional Investors | 39.43 L | 120.67 Cr | 306.02× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 26.29 L | 72.25 Cr | 274.83× |
| 2.1(a)Corporates | — | 90.71 L | — |
| 2.1(b)Individuals(Other than RIIs) | — | 68.70 Cr | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 13.14 L | 48.42 Cr | 368.38× |
| 3Retail Individual Investors(RIIs) | 92.01 L | 94.01 Cr | 102.17× |
| 3(a)Cut Off | — | 81.63 Cr | — |
| 3(b)Price bids | — | 12.38 Cr | — |
| Total | 1.81 Cr | 314.48 Cr | 173.31× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹50 → ₹53 · peak 446.07 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹60.00 Cr 44.2%
- Offer for sale
- ₹75.73 Cr 55.8%
- Total issue size
- ₹135.73 Cr
Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 1.43 Cr shares rather than a rupee amount, so it is valued here at the cap price of ₹53 — the final figure moves with the issue price.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹50 – ₹53
- Lot size
- 283 shares
- Min. bid quantity
- 283
- Face value
- ₹5.00
- Tick size
- ₹1.00
- Shares offered
- 1.81 Cr
- Issue size
- ₹96.17 Cr
- Max bid · QIB
- 1.81 Cr
- Max bid · NII
- 1.31 Cr
Timeline & process
- Bidding opens
- 24 Aug 2026
- Bidding closes
- 27 Aug 2026
- Bidding hours
- 10 AM TO 5 PM
- UPI mandate cutoff
- 27 AUGUST 2026 (upto 5 pm)
- Allotment
- —
- Listing
- 01 Sept 2026
Intermediaries
- Registrar
- Bigshare Services Private Limited
- Sponsor bank
- HDFC BANK
- Lead managers
- New Berry Capitals Private Limited
- Syndicate members
- https://listing.bseindia.com/Download//PreAnchor/SyndicateAgreement_20260819173947.pdf