Hy-Tech Engineers IPO
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Hy-Tech Engineers IPO details
Schedule of Hy-Tech Engineers
| Issue open date | 24 Aug 2026 |
| Issue close date | 26 Aug 2026 |
| UPI mandate deadline | 26 Aug 2026 (5 PM) |
| Allotment finalization | 27 Aug 2026 |
| Refund initiation | 28 Aug 2026 |
| Share credit | 28 Aug 2026 |
| Listing date | 31 Aug 2026 |
| Mandate end date | 10 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 25 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 24 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Hy-Tech Engineers
Hy-Tech Engineers is engaged in the manufacturing and supply of hydraulic fittings and related equipment used across various industrial sectors, including construction machinery, farming, automotive, injection moulding machines, hydraulic systems, and railways. The core business involves producing these specialized components primarily from carbon steel and stainless steel. The business operates on a converter model where the majority of sales are made directly to customers against confirmed orders at pre-agreed prices, which helps mitigate commodity price fluctuations. Revenue is generated through direct sales in the domestic market and exports to international regions, particularly the United States. Operations are supported by six manufacturing facilities, with four located in Maharashtra and two in Madhya Pradesh, ensuring production capacity and supply chain efficiency.
Financials of Hy-Tech Engineers
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 135.73 |
| Fresh Issue – Proceeds go to the company | 60 |
| Offer for sale – Proceeds go to the existing investors | 75.73 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure for expansion | 29.97 (49.95%) |
| Repayment or prepayment of borrowings | 16 (26.67%) |
| General corporate purposes | 14.03 (23.38%) |
Strengths
- Experienced leadership with deep market understanding and credibility.
- Established global presence with access to growing international markets.
- Long-standing relationships with a high rate of repeat customer orders.
- Comprehensive product portfolio with over 11,000 SKUs.
- Backward integration through in-house forging capabilities enhances supply chain control.
Risks
- Dependence on a few key customers for a significant portion of revenue.
- Exposure to cyclicality in end-use sectors like automotive and construction.
- Volatility in the prices of raw materials, primarily steel.
- High competition from a largely unorganized and fragmented industry.
- Potential conflicts of interest with a Promoter Group entity in a similar business.