NewsHy-Tech Engineers IPO Day 2 Live: Issue subscribed 12.93x so far - Check analysts view and moreHy-Tech Engineers IPO Day 2 Live: Issue subscribed 12.93x so far - Check analysts view and more
- Hy-Tech Engineers IPO is subscribed 12.93x by end of Day 2.
- Retail category leads with 18.73x subscription, followed by NII (sHNI) at 26.56x.
- QIB subscription remains modest at 0.55x.
- Company reported ₹189.40 crore revenue and ₹22.59 crore PAT in FY26.
- IPO closes on 2026-08-27.
*this image is generated using AI for illustrative purposes only.
Hy-Tech Engineers IPO is racing ahead on Day 2, with cumulative subscription reaching 12.93x. The hydraulic fittings manufacturer has seen a significant jump in investor interest, particularly from the Retail and Non-Institutional Investor (NII) categories, pushing the issue well past the fully subscribed mark.
Subscription Status
The IPO saw a sharp uptick in momentum on Day 2 (25-08-2026). While QIB subscription remained modest at 0.55x, the Retail category surged to 18.73x, and NII (sHNI) jumped to 26.56x. The total subscription stood at 12.93x by the end of the day.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 24-08-2026 | 0.51x | 14.81x | 5.45x | 10.98x | 7.57x |
| Day 2 | 25-08-2026 | 0.55x | 26.56x | 9.38x | 18.73x | 12.93x |
Intra-day timeline on 25-08-2026
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 0.53x | 22.94x | 16.24x | 11.24x |
| 12:15 | 0.55x | 26.56x | 18.73x | 12.93x |
Momentum highlights
- QIB: 0.53x → 0.55x (Δ +0.02x (+3.8%))
- NII (bHNI): 22.94x → 26.56x (Δ +3.62x (+15.8%))
- Retail: 16.24x → 18.73x (Δ +2.49x (+15.3%))
- Total: 11.24x → 12.93x (Δ +1.69x (+15.0%))
Standout intraday moves:
- QIB jumped +3.8% today (from 0.53x to 0.55x)
- NII (bHNI) jumped +15.8% today (from 22.94x to 26.56x)
- Retail jumped +15.3% today (from 16.24x to 18.73x)
- Total jumped +15.0% today (from 11.24x to 12.93x)
About the Company
Founded in 1978, Hy-Tech Engineers is a leading engineering company engaged in the design, manufacture, and supply of hydraulic fittings for diverse industrial applications. With over four decades of experience, the company operates six manufacturing facilities in India and serves customers across domestic and international markets. The management team includes Hemant Tukaram Mondkar (MD) and Surekha Hemant Mondkar (CEO).
Financial Highlights
The company has shown consistent growth in revenue and profit over the last three years. Total equity increased from ₹82.22 crore in FY24 to ₹122.02 crore in FY26.
| Particulars | FY 2026 (₹ cr) | FY 2025 (₹ cr) | FY 2024 (₹ cr) |
|---|---|---|---|
| Revenue from Operations | 189.40 | 161.38 | 137.71 |
| Profit After Tax | 22.59 | 19.62 | 11.60 |
| Total Equity | 122.02 | 101.25 | 82.22 |
Revenue grew steadily, while PAT more than doubled from FY24 to FY26, reflecting improved operational efficiency and scale.
Objects of the Issue
- Funding capital expenditure requirements towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I: ₹29.97 crores
- Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company: ₹16.00 crores
- General corporate purposes: Balance Net Proceeds
Risk Factors
- Customer Concentration Risk: Top 10 customers contributed 45.32% of revenue in FY26.
- Export Revenue Concentration and Foreign Exchange Risk: Significant revenue derived from exports, particularly to the US.
- Geographic Concentration of Manufacturing Facilities: Four of six facilities are located in Maharashtra.
Key Dates
- IPO Open Date: 2026-08-24
- IPO Close Date: 2026-08-27
- Allotment Date: To be announced
- Listing Date: To be announced
How might the disproportionately high subscription from Retail and NII investors compared to QIBs impact the stock's listing premium and initial volatility?
Given the heavy reliance on exports to the US, how could potential shifts in US trade policies or currency fluctuations affect Hy-Tech Engineers' future profitability?
Will the allocation of nearly ₹30 crores towards capital expenditure for unit expansions significantly alter the company's production capacity and market share in the hydraulic fittings sector?
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