Hy-Tech Engineers IPO Review
Hy-Tech Engineers Limited, a company engaged in the design, manufacture, and supply of hydraulic fittings, plans to raise INR 136 crore through an IPO.
[Fresh Issue ₹60 Cr + OFS ₹76 Cr]
Hy-tech engineers ipo price: ₹50–₹53 per share
Hy-Tech Engineers: History
The Company was incorporated as Hy-Tech Engineers Private Limited, a private limited company under the Companies Act, 1956, on December 18, 1978.
The Company was then converted into a public limited company on February 24, 2022, under a special resolution passed by the shareholders.
Its name was subsequently changed to Hy-Tech Engineers Limited, and the RoC issued a fresh certificate of incorporation on March 23, 2022.
Hy-Tech Engineers: Business
Hy-Tech Engineers Ltd is an engineering company engaged in the design, manufacture, and supply of hydraulic fittings catering to diverse industrial applications.
The Company’s product portfolio comprises standard hydraulic fittings viz.
- DIN-metric fittings,
- JIC flared and flareless fittings,
- O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as
- Fittings customized to customer specifications.
As of March 31, 2025, the company’s portfolio consists of more than 10,000 stock keeping units (SKUs) of hydraulic fittings, serving diverse application needs across industries, such as –
Automotive,
Agricultural machinery,
Construction machinery,
Injection moulding machines and
Hydraulic systems.
The company has also obtained certifications that enable it to serve sectors such as defence and railways, thereby expanding the addressable market.
In FY26, the company served 170 direct clients, while exports to 11 countries contributed 29.37 percent of revenue.
B2B Model
The Company operates on a business-to-business (B2B) model across both domestic and international markets.
Its sales approach combines direct engagement with original equipment manufacturers (OEMs) and other industrial customers, as well as through a network of authorized distributors and distribution partners.
Manufacturing Facilities
The company operates six manufacturing facilities across Madhya Pradesh and Maharashtra, with combined installed capacity of 483 lakh hydraulic fittings per annum and 3,120 MT of forging capacity as of March 31, 2026.
Strategies Ahead
Enhancing manufacturing capabilities.
Strategic diversification into high-growth sectors.
Diversification into valves.
Continued expansion of distribution network.
Focus on increasing the customer base in international markets.
Focus on cost optimization and improving operational efficiency.
Company Promoters
- Hemant Tukaram Mondkar,
- Surekha Hemant Mondkar,
- Ashwin Hemant Mondkar.
IPO Detail
ipo date: 24 Aug – 27 Aug 2026
Minimum Amount: ₹14,999
Minimum Bid: 283 Shares
Face Value: INR 5 per share
Listing On: NSE, BSE
Financial
Book Running Lead Manager
New Berry Capitals
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) for the #Hy-Tech_Engineers_IPO.
Do come back to learn more about “upcoming IPOs”.
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Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
