HY-Tech Engineers files draft IPO papers for ₹70 crore fresh issue, OFS of 1.19 crore shares

HY-Tech Engineers IPO: Hydraulic fitting manufacturer HY-Tech Engineers has filed preliminary papers with market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering.

The proposed IPO consists of new equity shares valued at ₹70 crore as well as an offer for sale (OFS) of 11,933,120 equity shares by promoters Hemant Tukaram Mondkar and Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar, according to the draft red herring prospectus (DRHP) filed on Thursday.

The capital raised will be used to procure machinery and equipment for expansion at Shirwal Unit, Kavathe Unit, and Pithampur Unit-I, for repayment of outstanding borrowings, and for general corporate purposes.

The company, as per its DRHP, also expects to receive benefits from listing on stock exchanges, including enhancement of the firm's brand name and creation of a public market for its equity shares.

New Berry Capitals Pvt Ltd is the book running lead manager of the issue, while Bigshare Services Pvt Ltd serves as the registrar.

The company's shares will be listed on the BSE (formerly Bombay Stock Exchange) and National Stock Exchange (NSE).

About HY-Tech Engineers

HY-Tech Engineers is an engineering firm involved in designing, manufacturing and supplying hydraulic fittings serving diverse industrial applications. Its product portfolio includes standard hydraulic fittings such as DIN-metric fittings, JIC flared and flareless fittings, conversion fittings, and O-Ring Face Seal (ORFS) fittings, apart from fittings customised to customer specifications.

As of March 2025, its portfolio consists of over 10,000 stock keeping units (SKUs) of hydraulic fittings, used in industries like construction machinery, agricultural machinery injection moulding machines, automotive, and hydraulic systems. It has also secured certifications to serve railways and defence sectors.

Apart from domestic operations, it has a presence in international markets like the USA, Russia, Brazil, Belgium, Italy and Saudi Arabia.

HY-Tech Engineers' financials