Hy-tech Engineers IPO Analysis & Review

Quick Answers

What is the Hy-tech Engineers IPO GMP today? The Hy-tech Engineers IPO GMP is ₹22 as of 22/8/2026, 7:29:05 am. The IPO price band is ₹50 - ₹53. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Hy-tech Engineers IPO open? The Hy-tech Engineers IPO opens on 2026-08-24 and closes on 2026-08-27.

What is the Hy-tech Engineers IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Hy-tech Engineers IPO scored 61/100 (Moderate Risk) in our deep analysis.

Frequently Asked Questions

What is the primary business of Hy-Tech Engineers Ltd?

Hy-Tech Engineers Ltd is an engineering enterprise engaged in designing, manufacturing, and supplying hydraulic fittings and forged metal components for industries such as construction machinery, automotive, agriculture, and hydraulic systems.

What is the issue size and price band for the Hy-Tech Engineers IPO?

The IPO issue size is ₹135.73 Crore with a price band set between ₹50 and ₹53 per share.

What is the lot size and minimum investment required for retail investors?

The minimum lot size is 283 shares, requiring a minimum investment of ₹14,150 at the upper price band.

What are the key financial performance metrics of Hy-Tech Engineers Ltd?

In FY26, Hy-Tech Engineers reported revenue from operations of ₹189.40 Crore and PAT of ₹22.59 Crore, up from ₹137.71 Crore revenue and ₹11.60 Crore PAT in FY24.

How dependent is Hy-Tech Engineers on export markets?

In FY26, overseas markets generated ₹55.62 Crore, representing 29.37% of revenue from operations across 11 countries, with the US market accounting for 21.42%.

Where are the company's manufacturing facilities located?

The company operates six manufacturing plants in India: four in Maharashtra (Thane, Shirwal, Kavathe, and Nashik) and two in Madhya Pradesh (Pithampur).

What are the major risk factors highlighted in the prospectus?

Major risks include customer concentration (top 10 clients account for 45.32% of FY26 revenue), raw material supplier concentration (65.61% of purchases from top 10 suppliers), geographic concentration in Maharashtra, and past temporary CTO regulatory non-compliance.

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Hy-tech EngineersNSE / BSE:

Analyzed by ViewIPO Financial Research Team
Engineering & Capital GoodsIndiaFiled 2026-08-24Listing 2026-09-01Size ₹136.12Cr
Lot Size 283
Live GMP
₹22 (+41.51%)
Check Allotment
Status Link

Is Hy-tech Engineers IPO Good? Quick Verdict

Hy-tech Engineers IPO scored 61/100 (Moderate Risk) in our deep analysis. The strongest pillar is Financial at 70/100, while Valuation is the primary concern at 50/100. Hy-Tech Engineers Ltd demonstrates steady top-line and bottom-line growth backed by high repeat customer orders, though risk factors include customer/supplier concentration and facility underutilisation.

IPO Score
61/100
Moderate Risk

Quick Verdict

Consistent financial growth with revenue reaching Rs 189.40 crore and PAT reaching Rs 22.59 crore in FY26.
High customer retention with repeat customers contributing 95.10% of revenue from operations in FY26.
Top 10 customers account for 45.32% of total revenue from operations in FY26.
High supplier reliance, with top 10 suppliers accounting for 65.61% of total raw material purchases without long-term agreements.

Company Snapshot

Revenue (TTM)
₹189.4Cr↑ 17.36% YoY
Profitability
PositiveNet Income ₹22.59Cr
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹136.12Cr 
Industry
Engineering & Capital Goods 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
70
Moderate
Financial
70
Moderate
Valuation
50
Expensive
Competition
50
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Hy-Tech Engineers Ltd is an established Indian engineering company specializing in the design, manufacture, and supply of hydraulic fittings and forged metal parts across industrial sectors including construction machinery, farming, and automotive. The company has demonstrated consistent financial growth, with revenue from operations rising from Rs 137.71 crore in FY24 to Rs 189.40 crore in FY26, accompanied by PAT growth to Rs 22.59 crore. Hy-Tech Engineers benefits from a loyal client base with over 95% revenue from repeat customers and exports to 11 countries. However, prospective investors should weigh risks related to top-customer concentration, raw material supplier dependency, and past temporary environmental consent lapses.

Overall Verdict: Hy-Tech Engineers Ltd demonstrates steady top-line and bottom-line growth backed by high repeat customer orders, though risk factors include customer/supplier concentration and facility underutilisation.

Key Highlights

  • •Operates six manufacturing facilities across Maharashtra (4) and Madhya Pradesh (2) with integrated capabilities from die designing to forging and plating.
  • •Extensive product catalog exceeding 11,000 SKUs as of March 31, 2026, catering to hydraulic systems, construction, automotive, and agriculture machinery.
  • •Revenue from operations grew at a strong steady trajectory from Rs 137.71 Cr (FY24) to Rs 161.38 Cr (FY25) and Rs 189.40 Cr (FY26).
  • •Net profit (PAT) expanded from Rs 11.60 Cr in FY24 to Rs 19.62 Cr in FY25 and Rs 22.59 Cr in FY26.
  • •International revenues accounted for 29.37% (Rs 55.62 Cr) of revenue in FY26 across 11 countries, with US contributing 21.42%.
  • •Direct sales model drives 88.42% of revenue from operations in FY26, serving key customers like Tompkins Industries and Fittings Unlimited.

Financial Performance

Revenue (Annual)

↑ +17.4% YoY

INR in Crores

Net Income (Annual)

↑ +15.1% YoY

INR in Crores

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-08-24
IPO Closes2026-08-27
Basis of Allotment2026-08-28
Refunds & Demat2026-08-29
Listing Date2026-09-01

Valuation Analysis

IPO Price₹50 - ₹53
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
60
Governance
70
Profitability
70
Valuation
50
Competition
50
Execution
60

Pros vs Cons

Pros

  • Extensive and expanding product catalog with over 11,000 SKUs of hydraulic fittings.
  • High level of customer retention, generating 95.10% of revenue from repeat clients in FY26.
  • Consistent top-line and bottom-line financial growth across the last three fiscal years.
  • Integrated end-to-end manufacturing infrastructure across 6 facilities with decentralised cell-based operations.

Cons

  • Customer concentration risk with top 10 customers accounting for 45.32% of FY26 revenue.
  • Raw material supplier concentration with top 10 suppliers delivering 65.61% of purchases without long-term supply contracts.
  • Geographic manufacturing concentration with 4 out of 6 plants located in Maharashtra contributing over 77% of revenue.
  • Past non-compliance with pollution control laws regarding Consent to Operate (CTO) at the Nashik unit in 2023.

Financial Health

Revenue Growth
17.36% YoY growth in FY26 (Good)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
Moderate

Hy-tech Engineers IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Hy-tech Engineers IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Hy-tech Engineers

What is the expected listing price of Hy-tech Engineers?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Hy-tech Engineers on our Live GMP Tracker.