Hy-tech Engineers IPO
Capital Goods-Non Electrical Equipment • ₹135.73 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- The company derives a significant portion of its revenue from overseas markets, particular…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹53
Lot Size
283 shares
Issue Size
₹135.73 Cr
Open
24 Aug 2026
Close
27 Aug 2026
Subscription
244×
IPO Schedule
| Issue Open Date | 24 Aug 2026 |
| Issue Close Date | 27 Aug 2026 |
| Allotment Date | 28 Aug 2026 |
| Listing Date | 31 Aug 2026 |
About Hy-tech Engineers
Hy-Tech Engineers is an engineering company engaged in the design, manufacture, and supply of hydraulic fittings for industrial applications. Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings, and fittings customised to customer specifications. As of March 31, 2026, the company had more than 11,000 SKUs catering to industries such as construction machinery, automotive, farming machinery, injection moulding machines, and hydraulic systems. It operates on a B2B model and supplies products to domestic and international customers through direct sales and a network of distributors and distribution partners. The company operates six manufacturing facilities in India, with four located in Maharashtra and two in Madhya Pradesh. Its facilities at Thane, Pithampur, Shirwal, and Kavathe manufacture hydraulic fittings, while its Nashik facility manufactures forged metal parts, primarily for captive consumption.
Company Details
Founders / Promoters
Mr. Hemant Tukaram Mondkar
Founded
1978
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Hy-tech Engineers — IPOFins Verdict
QuantitativeDriven by QIB demand at 255.8x and moderate disclosed risk (5/10), Hy-tech Engineers listed at a premium of 41.5% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- As of March 31, 2026, Hy-Tech Engineers had a portfolio of more than 11,000 SKUs of hydraulic fittings. The company developed 880, 1,676, and 2,206 new SKUs in FY26, FY25, and FY24, respectively.
- The company claims to have integrated manufacturing capabilities covering die designing, forging, heat treatment, machining, plating, inspection, and testing. As of March 31, 2026, it had an installed
- The company has a diversified customer base across industries such as construction machinery, farming, automotive, injection moulding machines and hydraulic systems. Construction machinery and farming
- The company has expanded its international presence across 11 countries – the US, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, the UAE, Thailand, and Germany. Overseas revenue stood
- The company has a high share of revenue from repeat customers. Revenue from repeat customers stood at Rs 180.08 crore, Rs 153.64 crore, and Rs 125.60 crore in FY26, FY25, and FY24, respectively, accou
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹53
Listing Price
₹75
Listing Gain/Loss
+41.51%
Listing Date
31 Aug 2026
Price Since Listing
Returns are measured against the ₹53 issue price.
Listing
₹75
+41.5%
1 Week
₹73.25
+38.2%
Current
₹85.6
+61.5%
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FAQ
What is the price band of Hy-tech Engineers IPO?
The price band is ₹53 per share with a lot size of 283 shares. Minimum investment: ₹14,999.
What does Hy-tech Engineers do?
Hy-Tech Engineers is an engineering company engaged in the design, manufacture, and supply of hydraulic fittings for industrial applications. Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings, and fittings customised to customer specifications. As of March 31, 2026, the company had more than 11,000 SKUs catering to industries such as construction machinery, automotive, farming machinery, injection moulding machines, and hydraulic systems. It operates on a B2B model and supplies products to domestic and international customers through direct sales and a network of distributors and distribution partners. The company operates six manufacturing facilities in India, with four located in Maharashtra and two in Madhya Pradesh. Its facilities at Thane, Pithampur, Shirwal, and Kavathe manufacture hydraulic fittings, while its Nashik facility manufactures forged metal parts, primarily for captive consumption.
Should I apply for Hy-tech Engineers IPO?
Hy-tech Engineers listed at ₹75 (+41.5% premium to the ₹53 issue price) after 243.8x subscription. IPOFins Score 9/10: Driven by QIB demand at 255.8x and moderate disclosed risk (5/10), Hy-tech Engineers listed at a premium of 41.5% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Hy-tech Engineers?
Hy-tech Engineers was founded by Mr. Hemant Tukaram Mondkar in 1978.