Hy-Tech Engineers Ltd IPO
Capital Goods-Non Electrical Equipment
Price Band
₹50 – ₹53
Lot Size
283
Minimum Bid Quantity
283
Minimum Investment
₹14999
Issue Size
₹135.73Cr
Opens
2026-08-24
Closes
2026-08-27
Listing
01-09-2026
Subscription Status
Qualified Institutional Buyers
255.77 x
Non-Institutional Investor
402.08 x
Retail Individual Investor
169.54 x
Total
243.84 x
IPO Details
Issue Type
EQUITY
Face Value
₹5
Tick Size
1
ISIN
INE0LEG01024
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
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.
Pros
- • 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 forging capacity of 3,120 MT per annum at its Nashik unit and a hydraulic fittings manufacturing capacity of 483 lakh pieces per annum across its other facilities.
- • 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 contributed 22.94% and 22.83% of revenue from operations in FY26, respectively.
Cons
- • The company is dependent on a limited number of customers, with its top 10 customers contributing Rs 85.83 crore, Rs 67.82 crore, and Rs 67.09 crore in FY26, FY25, and FY24, respectively, accounting for 45.32%, 42.02%, and 48.72% of revenue from operations, respectively. Any loss or reduction in business from key customers could adversely affect its business, financial condition, and cash flows.
- • The company derives a significant portion of its revenue from overseas markets, particularly the US. Export revenue stood at Rs 55.62 crore, Rs 45.67 crore, and Rs 45.63 crore in FY26, FY25 and FY24, respectively, accounting for 29.37%, 28.30%, and 33.14% of revenue from operations, respectively, while the US alone contributed 21.42%, 22.85%, and 24.56%, respectively. Changes in tariffs, trade policies, exchange rates, or economic and political conditions in overseas markets could adversely affect its business and profitability.
- • The company is dependent on its Promoter Group member, Hy-Tech USA Inc., for a portion of its overseas business. Customers sourced by Hy-Tech USA contributed Rs 33.87 crore, Rs 31.96 crore, and Rs 28.38 crore in FY26, FY25, and FY24, respectively, representing 17.88%, 19.80%, and 20.61% of revenue from operations, respectively. Any disruption in its relationship with Hy-Tech USA or its distribution activities could affect the company's overseas sales and financial performance.
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