Shares of Hy-Tech Engineers are set to make their stock market debut on the BSE and NSE on Tuesday, September 1, 2026, with grey market sentiment pointing to a potentially strong listing. The company’s IPO is currently commanding a 66% grey market premium (GMP), signalling expectations of a sharp listing gain over the issue price.

The Rs 135.73-crore IPO was offered at a price of Rs 53 per share. The issue comprised a fresh issue of 1.13 crore shares worth Rs 60 crore and an offer for sale (OFS) of 1.43 crore shares aggregating to Rs 75.73 crore.

Investor appetite for the issue was exceptionally strong, with the IPO receiving an overall subscription of 247.39 times. The retail portion was subscribed 175.10 times, while the non-institutional investor (NII) category saw bids for 412.96 times the shares on offer. The qualified institutional buyer (QIB) segment was subscribed 249.71 times.

Hy-Tech Engineers had fixed the IPO price band at Rs 50–Rs 53 per share, with a lot size of 283 shares. At the upper end of the price band, retail investors were required to shell out Rs 14,999 for a single lot.

With the grey market premium currently at 66%, the stock is attracting attention ahead of its debut, although GMP trends are unofficial and can change before listing.

New Berry Capitals Pvt. Ltd. served as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. acted as the registrar.

The IPO also received a strong vote of confidence from anchor investors, raising Rs 40.72 crore through anchor bidding conducted on August 21, 2026.

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue primarily towards capital expenditure of Rs 29.97 crore for procuring machinery and equipment for expansion at its Kavathe and Shirwal Units and procurement for Pithampur Unit-I.

Further, Rs 16.00 crore will be used for the full or partial prepayment or repayment of certain outstanding borrowings, with the remaining proceeds allocated towards general corporate purposes. The total estimated utilisation of the Issue proceeds is Rs 45.97 crore.

Hy-Tech Engineers Ltd. reported a strong financial performance in FY26, with total income increasing by 16% to Rs 193.44 crore, compared with Rs 166.71 crore in FY25. The growth reflects a healthy improvement in the company’s overall revenue during the year.

Profitability also remained robust, with Profit After Tax (PAT) rising by 15% to Rs 22.59 crore in FY26 from Rs 19.62 crore in FY25. Overall, the company delivered consistent year-on-year growth in both income and net profit.

Incorporated in December 1978, Hy-Tech Engineers Limited is an engineering company specializing in the design, manufacture and supply of hydraulic fittings for industrial applications. With over four decades of experience, it offers 11,000+ SKUs, including DIN-metric, JIC, ORFS, conversion and customized fittings.

The Company follows a B2B model, serving OEMs and industrial customers across domestic and international markets through direct sales and distribution partners. Its products cater to construction, automotive, agricultural machinery, injection moulding and hydraulic systems, with additional certifications for railway and defence applications. As of March 31, 2026, it had a presence across the USA, Europe, Middle East, Brazil and Asia.

Hy-Tech Engineers operates manufacturing facilities in Thane, Shirwal, Kavathe, and Pithampur, supported by its Nashik unit for forged components. As of March 31, 2026, the Company had 468 permanent employees and 253 contractual personnel.