The GMP of Hy-Tech Engineers IPO stayed in strong demand on the last day of bidding as the grey market premium (GMP) went up to ₹44 on August 27, 2026. At the upper end of the IPO price band of ₹53 per share, the latest GMP indicates the listing price is about ₹97. This would translate to a listing gain for investors of about 83.02% if the grey market trend is sustained until listing.
The public issue has also attracted a lot of investor interest. As of 11:58 a.m. on Thursday, the Hy-Tech Engineers IPO had been subscribed 102.03 times in total, with strong demand across investor categories.
Hy-Tech Engineers IPO GMP Today
Hy-Tech Engineers IPO GMP was at ₹44 at 11:00 a.m. on August 27. With the IPO's upper price band fixed at ₹53, the listing price based on the GMP is ₹97 per share.
The estimated premium is around 83.02% over the upper issue price. But it should be noted that GMP is just an unofficial indicator of market sentiment and can’t be used as a guide to the actual listing price. The listing performance will depend on the general market environment and demand as well.
Hy-Tech Engineers IPO Subscription Status
On the fourth and final day of bidding, the issue received very strong subscription. The IPO got 102.03 times subscribed by 11:58 a.m.
Category-wise, Qualified Institutional Buyers (QIBs) were subscribed 12.94 times their allotted portion. Non-Institutional Investors (NIIs) category was subscribed 205.63 times, and the Retail Individual Investors (RIIs) part was subscribed 106.05 times.
The positive response across categories has contributed to the positive sentiment on the issue.
Hy-Tech Engineers IPO Details
Hy-Tech Engineers is looking to raise ₹135.73 crore through its book-built public issue. It consists of both a fresh issue and an offer for sale (OFS).
| Particulars | Details |
|---|---|
| Total Issue Size | ₹135.73 crore |
| Fresh Issue | 1.13 crore equity shares |
| Fresh Issue Value | ₹60 crore |
| Offer for Sale | 1.43 crore equity shares |
| OFS Value | ₹75.73 crore |
| Price Band | ₹50–₹53 per share |
| Lot Size | 283 shares |
| Minimum Investment | ₹14,999 at upper price band |
| IPO Closing Date | August 27, 2026 |
| Listing | NSE and BSE |
New Berry Capitals Pvt. Ltd. is the book-running lead manager for the issue, and Bigshare Services Pvt. Ltd. is serving as the registrar.
Hy-Tech Engineers IPO Allotment and Listing Date
The basis of the Hy-Tech Engineers IPO is expected to be finalised on August 28, 2026. After the allotment process, refunds and credit of shares to successful applicants are expected to take place according to the IPO schedule.
The company’s shares are tentatively scheduled to make their debut on the National Stock Exchange and BSE on September 1, 2026.
With the extremely high subscription level of the issue, retail investors may have very low chances of getting an allotment. The final allotment will be based on the allocation criteria given after the bidding process is closed.
Hy-Tech Engineers Financial Performance
Hy-Tech Engineers has experienced steady growth in revenue and profit. For the two financial years (31 March 2025 and 31 March 2026), the total income rose from ₹166.71 crore to ₹193.44 crore, representing a 16% growth.
EBITDA rose from ₹35.79 crore in FY25 to ₹41.69 crore in FY26, an increase of nearly 16.5%. Profit after tax (PAT) rose from ₹19.62 crore to ₹22.59 crore, an increase of about 15.1%.
| Financial Metric | FY26 | FY25 | YoY Growth |
|---|---|---|---|
| Total Income | ₹193.44 crore | ₹166.71 crore | 16.03% |
| EBITDA | ₹41.69 crore | ₹35.79 crore | 16.48% |
| Profit After Tax | ₹22.59 crore | ₹19.62 crore | 15.14% |
The financial performance indicates that the company has maintained growth in both operating income and profitability.
How Hy-Tech Engineers Plans to Use IPO Proceeds
The proceeds from the fresh issue are proposed to be used for several corporate purposes. A significant portion is expected to support capital expenditure requirements related to business expansion. The company also plans to use funds for the prepayment or full repayment of certain outstanding borrowings.
In addition, a portion of the proceeds will be allocated towards general corporate purposes.
About Hy-Tech Engineers
Hy-Tech Engineers was established in December 1978 and operates in the engineering sector, with a focus on hydraulic fittings. The company has built a broad product portfolio serving industrial customers and original equipment manufacturers (OEMs).
Its product range includes more than 11,000 SKUs covering metric, JIC, ORFS, conversion and customised hydraulic fittings. The company’s long operating history and diversified product portfolio are among the factors that have drawn investor attention to the IPO.
Hy-Tech Engineers IPO: What Investors Should Watch
The combination of a ₹44 GMP, more than 102 times overall subscription, and strong participation from retail and non-institutional investors has created significant market interest in the issue. Based on the latest GMP, the implied listing price of ₹97 suggests a substantial premium over the ₹53 upper issue price.
However, GMP figures are unofficial and can change before listing. Investors should therefore avoid treating the estimated premium as a guaranteed return and should consider the company’s financials, valuation, business prospects and risk factors before making investment decisions.
With bidding closing on August 27, the next key milestones for investors are the allotment process on August 28 and the tentative stock-market listing on September 1.
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