Hy-Tech Engineers IPO is set to open for subscription on August 24, 2026, with the latest grey market premium (GMP) indicating strong investor interest ahead of the issue. As of August 21, the Hy-Tech Engineers IPO GMP stood at ₹22 per share against the upper issue price of ₹53.
At the current GMP, the estimated listing price is ₹75 per share, implying a potential premium of 41.51% over the IPO price.
The Hy-Tech Engineers IPO GMP is ₹22 per share as of August 21, 2026. Based on the upper price band of ₹53, the GMP points to an estimated listing price of ₹75.
For investors applying for one lot of 283 shares, the estimated profit based on the latest GMP stands at ₹6,226.
| Particulars | Details |
|---|---|
| IPO Price | ₹53 |
| Latest GMP | ₹22 |
| Estimated Listing Price | ₹75 |
| Estimated Listing Premium | 41.51% |
| Lot Size | 283 shares |
| Estimated Profit per Lot | ₹6,226 |
GMP is an unofficial market indicator and should not be considered a guarantee of the actual listing price.
The grey market premium has increased sharply from ₹5 on August 19 to ₹22 on August 20 and remained unchanged at ₹22 on August 21.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Premium |
|---|---|---|---|---|
| August 21, 2026 | ₹53 | ₹22 | ₹75 | 41.51% |
| August 20, 2026 | ₹53 | ₹22 | ₹75 | 41.51% |
| August 19, 2026 | ₹53 | ₹5 | ₹58 | 9.43% |
The ₹17 increase in GMP in two days indicates a significant improvement in grey market sentiment ahead of the IPO opening.
Hy-Tech Engineers IPO is a book-built issue worth ₹135.73 crore. The issue comprises a fresh issue of 1.13 crore shares aggregating to ₹60 crore and an offer for sale of 1.43 crore shares worth ₹75.73 crore.
The price band has been fixed at ₹50 to ₹53 per share, while the lot size is 283 shares. At the upper price band, retail investors need to invest ₹14,999 for one lot.
| IPO Details | Information |
|---|---|
| IPO Size | ₹135.73 crore |
| Price Band | ₹50–₹53 |
| Lot Size | 283 shares |
| Retail Investment | ₹14,999 |
| IPO Opens | August 24, 2026 |
| IPO Closes | August 27, 2026 |
| Allotment | August 28, 2026 |
| Listing | September 1, 2026 |
| Listing Exchanges | NSE, BSE |
| Fresh Issue | ₹60 crore |
| Offer for Sale | ₹75.73 crore |
Hy-Tech Engineers Ltd is an engineering company incorporated in 1978 and engaged in the design, manufacture and supply of hydraulic fittings for industrial applications.
The company has a portfolio of more than 11,000 SKUs, including DIN-metric fittings, JIC fittings, O-Ring Face Seal fittings, conversion fittings and customised hydraulic fittings.
Its products serve industries such as construction machinery, automotive, farming machinery, injection moulding and hydraulic systems. The company also has an international presence across markets including the US, Belgium, Poland, Brazil, Italy, Saudi Arabia, UAE and Germany.
Hy-Tech Engineers reported total income of ₹193.44 crore in FY26, compared with ₹166.71 crore in FY25. Profit after tax increased to ₹22.59 crore from ₹19.62 crore during the same period.
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | ₹141.17 Cr | ₹166.71 Cr | ₹193.44 Cr |
| PAT | ₹11.60 Cr | ₹19.62 Cr | ₹22.59 Cr |
| EBITDA | ₹22.55 Cr | ₹35.79 Cr | ₹41.69 Cr |
| Net Worth | ₹82.22 Cr | ₹101.25 Cr | ₹122.02 Cr |
| Total Borrowing | ₹40.84 Cr | ₹43.53 Cr | ₹29.76 Cr |
The company’s revenue grew 16% and PAT increased 15% between FY25 and FY26.
The company plans to use the net IPO proceeds for capital expenditure, debt repayment and general corporate purposes.
Around ₹29.97 crore is proposed to be used for purchasing machinery and equipment for expansion at its Kavathe, Shirwal and Pithampur units. Another ₹16 crore is earmarked for repayment or prepayment of certain borrowings.
At the upper price band of ₹53, the company’s post-issue P/E multiple stands at 22.27x, while the post-issue price-to-book value is 3.63x.
The company’s FY26 ROE and ROCE stood at 20.24% and 24.40%, respectively, while its EBITDA margin was 22.01%.
The latest GMP of ₹22 suggests that the stock could potentially list at ₹75, or around 41.51% above the upper IPO price of ₹53. The GMP has risen significantly from ₹5 recorded on August 19.
However, GMP trends are unofficial and can change before the listing. Investors should consider the company’s financial performance, valuation, business prospects and IPO objectives alongside the grey market premium before making an investment decision.
Disclaimer – The stock/s and indices mentioned in this article are discussed solely for informational and educational purposes. It should not be construed as investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a financial advisor before making any investment decisions. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.
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