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₹53 - 53
Hy-Tech Engineers Ltd
Capital Goods-Non Electrical EquipmentIPO
₹53 - 53
We are an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. Our product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications. As of March 31, 2026, our portfolio consists of more than 11,000 stock keeping units (SKUs) of hydraulic fittings, serving diverse application needs across industries such as construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems. In addition, we have obtained certifications which enable us to cater to sectors such as railways and defence, thereby expanding our addressable market.
Lot283Min Invest₹14,999Face Value₹5Issue Size₹136 CrFresh Issue₹60 CrOffer for Sale₹76 CrListing Price₹72CMP₹74
Timeline
24 Aug
Bidding opens
27 Aug
Bidding closes
28 Aug
Allotment
28-31 Aug
Refund & demat credit
1 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹136 Cr2.56 Cr shares
Fresh Issue₹60 Cr
Offer for Sale₹76 Cr
Face Value₹5
Lot Size283 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,9991-13 lots
sNII₹2,09,986from 14 lots
bNII₹10,04,933from 67 lots
Managers & Registrar
Lead ManagerNew Berry Capitals Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrHemant Tukaram MondkarPRMTR89,80,96147.60Surekha Hemant Mondkar jointly with Hemant Tukaram MondkarPRMTR53,08,48928.13Total1,42,89,45075.73
Shareholding
CategoryPre IPOPost IPOPromoter Group97.99%71.23%Public2.01%28.77%
Objects of the Issue
- Funding capital expenditure requirement of our Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and procurement
- Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company
- General corporate purposes
Anchor Book
Bid Date21-Aug-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 133 | 133 | 138 | 161 | 189 |
| Operating ProfitCr | 33 | 31 | 23 | 36 | 42 |
| OPM% | 24.8 | 23.5 | 16.4 | 22.2 | 22.0 |
| PBTCr | 26 | 24 | 16 | 26 | 31 |
| PATCr | 19 | 18 | 12 | 20 | 23 |
| EPS | 536 | 2 | 1 | 2 | 3 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 42 | 42 |
| ReservesCr | 53 | 71 | 82 | 59 | 80 |
| BorrowingsCr | 42 | 21 | 41 | 44 | 30 |
| Total AssetsCr | 123 | 124 | 146 | 171 | 176 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 8 | - | 19 | 17 | 30 |
| Investing Cash FlowCr | -14 | - | -36 | -13 | -7 |
| Financing Cash FlowCr | 10 | - | 17 | -4 | -21 |
| Net Cash FlowCr | 3 | - | 0 | 0 | 2 |
Strengths & Risks
Strengths · as stated in the DRHP
- Integrated operations and product development capabilities.
- Diversified customer base with wide market reach.
- Established global presence with access to growing international markets.
- Experienced leadership, deep market understanding and industry credibility.
- Decentralized cell-based manufacturing model.
Strategies · as stated in the DRHP
- Enhancing our manufacturing capabilities.
- Strategic diversification into high-growth sectors.
- Diversification into valves.
- Continued expansion of our distribution network.
- Focus to increase customer base in international markets.
- Continued focus on cost optimization and improving operational efficiency.
Risks · as stated in the DRHP
- The company is dependent on a few customers for a major portion of its revenues with the company's top 10 customers contributing to 45.32%, 42.02% and 48.72% of its revenue from operations in the Fiscals 2026, 2025 and 2024, respectively. Further, the company does not enter into long-term arrangements with its customers and any failures to continue its existing arrangements with such customers could adversely affect the company's business, financial condition results of operations and cash flows.
- The company derives a significant portion of revenue from operations from exports, which accounted for 29.37%, 28.30% and 33.14% of the company's total revenue in Fiscal 2026, 2025 and 2024, respectively. Out of which a substantial portion was generated from the United States of America, which contributed 21.42%, 22.85% and 24.56% of its total revenues during the same period. Fluctuation in exchange rates, any adverse developments in these markets or restrained economic or political relations of India with the United States of America could adversely affect its business.
- In the Fiscal 2024, the company has experienced negative year on year growth in the company's profit after tax. Its may be unable to manage the company's growth and expansion operations or to successfully implement its business plan and growth strategies in a timely manner or within budget estimates, which could materially and adversely affect the company's business, results of operations and financial condition.
- Four out of the company's six Manufacturing Facilities are located in Maharashtra, India and the balance two in Madhya Pradesh. Its derived 77.64%, 77.27% and 77.43% of the company's revenue from operations during Fiscals 2026, 2025 and 2024, respectively, from the Manufacturing Facilities located in the state of Maharashtra. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in the state of Maharashtra or Madhya Pradesh where its other Manufacturing Facilities are concentrated could have an adverse effect on the company's business, results of operations and financial condition.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- The company is dependent on its suppliers for raw materials used in the company's manufacturing processes with its top 10 suppliers contribution to 65.61%, 54.78% and 65.49% of the company's total purchases in the Fiscal 2026, 2025 and 2024, respectively. Any shortages, delay or disruption in the supply of the raw materials its used in the company's manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.