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  5. Hy-Tech Engineers IPO subscribed 40.54 times so far on Day 3; 10 key things to know from RHP

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Hy-Tech Engineers IPO subscribed 40.54 times so far on Day 3; 10 key things to know from RHP

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on August 26, 2026, 14:05 IST

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SUMMARY

The ₹135.73 crore Hy-Tech Engineers IPO is a mix of a fresh issuance of 1.13 crore shares worth ₹60 crore and an offer for sale component of ₹75.73 crore.

Hy-Tech Engineers Ltd is an engineering firm engaged in the manufacturing of hydraulic fittings for diverse industrial applications. | Image: hy-techengineers.com

Hy-Tech Engineers Ltd is an engineering firm engaged in the manufacturing of hydraulic fittings for diverse industrial applications. | Image: hy-techengineers.com

The initial public offering of hydraulic fitting manufacturer Hy-Tech Engineers has been subscribed 40.54 times so far on the third day of bidding on Wednesday, August 26.

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The IPO received bids for 73,56,69,254 shares against 1,81,45,406 shares on offer, as per data available with the NSE until 2:02 pm.

The portion for qualified institutional buyers (QIBs) received 75% subscription. The category for non-institutional investors was subscribed 62.35 times, and that of retail investors received 52.82 times subscription.

Hy-Tech Engineers IPO: 10 key points retail investors should know from RHP

  • Hy-Tech Engineers IPO subscription dates: The initial share sale is open from Monday, August 24, to Thursday, August 27.
  • Hy-Tech Engineers IPO price band: The price range has been set at ₹50 to ₹53 per share.
  • IPO offer structure: The ₹135.73 crore initial public offering is a mix of a fresh issuance of 1.13 crore shares worth ₹60 crore and an offer for sale component of ₹75.73 crore.
  • Objectives: Funds are intended to be utilised for capital expenditure towards procurement of equipment and machinery, debt clearance and corporate general purposes.
  • Hy-Tech Engineers IPO lot size: Retail investors can make bids for at least one lot, consisting of 282 shares and in multiples thereof.
  • Financials: The company reported revenue from operations of ₹189.40 crore and a net profit of ₹22.59 crore in FY26. In FY25, the company posted revenue of ₹161.38 crore and a profit after tax of ₹19.61 crore.
  • Reservation: The company has reserved 50% of the net offer for QIBs, 15% for NIIs and 35% for retail investors.
  • Book-running lead manager and registrar: New Berry Capitals is the sole book-running lead manager, while Bigshare Services is the registrar.
  • Hy-Tech Engineers IPO allotment date: The basis of allotment is expected to be finalised on Friday, August 28.
  • Listing date: The listing on the National Stock Exchange (NSE) and the BSE will take place on September 1.
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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