Hy-Tech Engineers IPO Day 1: GMP Signals 47% Listing Gain; Should Investors Apply?
Humpy Adepu
Issue Size: Rs. 135.73 Crore: Hy-Tech Engineers launched a Rs. 135.73 crore IPO, comprising fresh shares worth Rs. 60 crore and an offer-for-sale component.
Price Band: Rs. 50-53 Per Share: The company fixed its IPO price band at Rs. 50-53 per equity share, with bidding open from August 24.
Lot Size: 283 Shares: Retail investors must bid for at least 283 shares, requiring a minimum investment of Rs. 14,999 at the upper price band.
GMP: Rs. 25 Per Share: Hy-Tech Engineers’ grey market premium stood at Rs. 25, implying an estimated listing price of Rs. 78 per share.
Listing Gain: 47.17%: At the upper price band, the current GMP indicates a potential 47.17% premium over the IPO issue price.
Day 1 Subscription: 1.18 Times: The IPO received bids for 1.18 times the shares offered, reflecting strong initial investor interest during Monday’s session.
Business Profile: Hydraulic Fittings: Hy-Tech Engineers manufactures hydraulic fittings and offers more than 11,000 products for industrial applications across domestic and international markets.
FY26 Revenue: Rs. 193.44 Crore: The company’s total income increased 16% in FY26 from Rs. 166.71 crore recorded during the previous financial year.
FY26 Profit: Rs. 22.59 Crore: Hy-Tech Engineers reported a 15% rise in profit after tax, compared with Rs. 19.62 crore during FY25.