{"id":52977,"date":"2026-08-21T17:10:42","date_gmt":"2026-08-21T11:40:42","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=52977"},"modified":"2026-08-21T17:10:42","modified_gmt":"2026-08-21T11:40:42","slug":"hy-tech-engineers-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/hy-tech-engineers-ipo\/","title":{"rendered":"Hy-Tech Engineers IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"52977\" class=\"elementor elementor-52977\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e7d056 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e7d056\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1c4f645\" data-id=\"1c4f645\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d865bb3 elementor-widget elementor-widget-text-editor\" data-id=\"d865bb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n  <meta charset=\"UTF-8\" \/>\n  <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\" \/>\n  <title>Hy-Tech Engineers IPO \u2013 Flattrade Kosh<\/title>\n  <style>\n    \/* ==========================================================================\n       1. DESIGN TOKENS & RESET\n       ========================================================================== *\/\n    :root {\n      --brand-primary: #16a34a;\n      --brand-primary-hover: #15803d;\n      --brand-light: #f0fdf4;\n      --brand-border: #bbf7d0;\n      \n      --neutral-900: #0f172a;\n      --neutral-800: #1e293b;\n      --neutral-700: #334155;\n      --neutral-600: #475569;\n      --neutral-500: #64748b;\n      --neutral-200: #e2e8f0;\n      --neutral-100: #f1f5f9;\n      --neutral-50:  #f8fafc;\n      --surface:      #ffffff;\n      \n      --radius-sm: 6px;\n      --radius-md: 10px;\n      --radius-lg: 16px;\n      --radius-full: 9999px;\n      \n      --shadow-subtle: 0 1px 3px rgba(0, 0, 0, 0.04), 0 1px 2px rgba(0, 0, 0, 0.02);\n      --shadow-card: 0 4px 12px -2px rgba(15, 23, 42, 0.06), 0 2px 6px -2px rgba(15, 23, 42, 0.04);\n      --shadow-hover: 0 12px 24px -4px rgba(15, 23, 42, 0.10);\n      \n      --font-stack: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Inter, \"Helvetica Neue\", sans-serif;\n    }\n\n    *, *::before, *::after {\n      box-sizing: border-box;\n      margin: 0;\n      padding: 0;\n    }\n\n    body {\n      font-family: var(--font-stack);\n      background-color: var(--neutral-50);\n      color: var(--neutral-700);\n      line-height: 1.75;\n      -webkit-font-smoothing: antialiased;\n    }\n\n    \/* ==========================================================================\n       2. 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IPO AT A GLANCE GRID\n       ========================================================================== *\/\n    .cmr-glance-title {\n      font-size: 12px;\n      font-weight: 700;\n      color: var(--neutral-500);\n      text-transform: uppercase;\n      letter-spacing: 0.08em;\n      margin: 28px 0 14px;\n      display: flex;\n      align-items: center;\n      gap: 12px;\n    }\n\n    .cmr-glance-title::after {\n      content: '';\n      flex: 1;\n      height: 1px;\n      background: var(--neutral-200);\n    }\n\n    .cmr-glance-grid {\n      display: grid;\n      grid-template-columns: repeat(3, 1fr);\n      gap: 12px;\n      margin-bottom: 16px;\n    }\n\n    .cmr-glance-item {\n      background: var(--neutral-50);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-md);\n      padding: 16px;\n      transition: all 0.2s ease-in-out;\n    }\n\n    .cmr-glance-item:hover {\n      background: var(--surface);\n      border-color: #cbd5e1;\n      transform: translateY(-2px);\n      box-shadow: var(--shadow-subtle);\n    }\n\n    .cmr-glance-item.cmr-highlight {\n      background: linear-gradient(145deg, #ffffff, var(--brand-light));\n      border-color: var(--brand-border);\n    }\n\n    .cmr-glance-item.cmr-highlight .cmr-g-value {\n      color: var(--brand-primary);\n    }\n\n    .cmr-g-label {\n      font-size: 11px;\n      color: var(--neutral-500);\n      text-transform: uppercase;\n      font-weight: 600;\n      letter-spacing: 0.04em;\n      margin-bottom: 4px;\n    }\n\n    .cmr-g-value {\n      font-size: 17px;\n      font-weight: 800;\n      color: var(--neutral-900);\n      line-height: 1.25;\n    }\n\n    .cmr-g-sub {\n      font-size: 12px;\n      color: var(--neutral-500);\n      margin-top: 4px;\n    }\n\n    .glance-badge {\n      background: var(--neutral-100);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-sm);\n      padding: 10px 14px;\n      font-size: 13px;\n      color: var(--neutral-600);\n      margin-bottom: 28px;\n      font-weight: 500;\n      text-align: center;\n    }\n\n    \/* ==========================================================================\n       5. FEATURE LISTS\n       ========================================================================== *\/\n    .cmr-feature-list {\n      list-style: none;\n      padding: 0;\n      margin: 20px 0;\n      display: flex;\n      flex-direction: column;\n      gap: 12px;\n    }\n\n    .cmr-feature-list li {\n      padding-left: 0;\n      font-size: 15px;\n      color: var(--neutral-700);\n    }\n\n    \/* ==========================================================================\n       6. 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KPI STATS CARDS\n       ========================================================================== *\/\n    .kpi-grid {\n      display: grid;\n      grid-template-columns: repeat(3, 1fr);\n      gap: 12px;\n      margin: 20px 0 28px;\n    }\n\n    .kpi-card {\n      background: var(--neutral-50);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-md);\n      padding: 16px 12px;\n      text-align: center;\n      transition: all 0.2s ease;\n    }\n\n    .kpi-card:hover {\n      background: var(--surface);\n      border-color: var(--brand-border);\n      transform: translateY(-2px);\n      box-shadow: var(--shadow-subtle);\n    }\n\n    .kpi-card .kpi-value {\n      font-size: 20px;\n      font-weight: 800;\n      color: var(--brand-primary);\n      line-height: 1.2;\n    }\n\n    .kpi-card .kpi-label {\n      font-size: 11px;\n      color: var(--neutral-500);\n      text-transform: uppercase;\n      letter-spacing: 0.05em;\n      margin-top: 4px;\n      font-weight: 600;\n    }\n\n    \/* ==========================================================================\n       8. OBJECTS OF THE ISSUE LIST\n       ========================================================================== *\/\n    .objects-list {\n      list-style: none;\n      padding: 0;\n      margin: 20px 0;\n      display: flex;\n      flex-direction: column;\n      gap: 10px;\n    }\n\n    .objects-list li {\n      display: flex;\n      justify-content: space-between;\n      align-items: center;\n      padding: 14px 18px;\n      border-radius: var(--radius-md);\n      background: var(--neutral-50);\n      border: 1px solid var(--neutral-200);\n      font-size: 14.5px;\n    }\n\n    .objects-list li .obj-label {\n      color: var(--neutral-700);\n    }\n\n    .objects-list li .obj-amt {\n      font-weight: 700;\n      color: var(--neutral-900);\n      white-space: nowrap;\n      margin-left: 16px;\n      background: var(--surface);\n      padding: 2px 8px;\n      border-radius: var(--radius-sm);\n      border: 1px solid var(--neutral-200);\n    }\n\n    \/* ==========================================================================\n       9. VERDICT BOX & CTA\n       ========================================================================== *\/\n    .cmr-verdict-card {\n      background: linear-gradient(145deg, #ffffff 0%, var(--brand-light) 100%);\n      border: 1px solid var(--brand-border);\n      border-left: 5px solid var(--brand-primary);\n      padding: 24px;\n      border-radius: var(--radius-md);\n      margin: 36px 0;\n    }\n\n    .cmr-verdict-title {\n      font-size: 17px;\n      font-weight: 800;\n      color: var(--neutral-900);\n      margin-bottom: 8px;\n    }\n\n    .cta-wrap {\n      text-align: center;\n      margin: 36px 0 16px;\n    }\n\n    .cta-btn {\n      display: inline-flex;\n      align-items: center;\n      justify-content: center;\n      gap: 8px;\n      background: var(--brand-primary);\n      color: #ffffff !important;\n      font-size: 15px;\n      font-weight: 700;\n      text-decoration: none !important;\n      padding: 14px 36px;\n      border-radius: var(--radius-full);\n      box-shadow: 0 4px 14px rgba(22, 163, 74, 0.25);\n      transition: all 0.2s ease;\n      cursor: pointer;\n    }\n\n    .cta-btn:hover {\n      background: var(--brand-primary-hover);\n      transform: translateY(-2px);\n      box-shadow: 0 6px 20px rgba(22, 163, 74, 0.35);\n    }\n\n    .source-note {\n      font-size: 12px;\n      color: var(--neutral-500);\n      margin-top: 32px;\n      border-top: 1px solid var(--neutral-200);\n      padding-top: 14px;\n      text-align: center;\n    }\n\n    hr.divider {\n      border: none;\n      border-top: 1px solid var(--neutral-200);\n      margin: 32px 0;\n    }\n\n    \/* ==========================================================================\n       10. RESPONSIVE MOBILE BREAKPOINTS\n       ========================================================================== *\/\n    @media (max-width: 640px) {\n      .cmr-article-wrapper {\n        margin: 16px 12px;\n        padding: 24px 16px;\n        border-radius: var(--radius-md);\n      }\n\n      h1.post-title {\n        font-size: 22px;\n      }\n\n      .cmr-glance-grid {\n        grid-template-columns: repeat(2, 1fr);\n      }\n\n      .kpi-grid {\n        grid-template-columns: repeat(2, 1fr);\n      }\n\n      .objects-list li {\n        flex-direction: column;\n        align-items: flex-start;\n        gap: 6px;\n      }\n\n      .objects-list li .obj-amt {\n        margin-left: 0;\n      }\n\n      .cta-btn {\n        width: 100%;\n        padding: 14px 20px;\n      }\n    }\n  <\/style>\n<\/head>\n<body>\n\n<main class=\"cmr-article-wrapper\">\n\n  <!-- \u2500\u2500 IPO AT A GLANCE \u2500\u2500 -->\n  <div class=\"cmr-glance-title\">IPO Summary<\/div>\n  \n  <div class=\"cmr-glance-grid\">\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Price Band<\/div>\n      <div class=\"cmr-g-value\">\u20b950 \u2013 \u20b953<\/div>\n      <div class=\"cmr-g-sub\">FV: \u20b95 \/ share<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Issue Dates<\/div>\n      <div class=\"cmr-g-value\">Aug 24 \u2013 27<\/div>\n      <div class=\"cmr-g-sub\">Year: 2026<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lot Size<\/div>\n      <div class=\"cmr-g-value\">283 Shares<\/div>\n      <div class=\"cmr-g-sub\">Min: \u20b914,999<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Total Issue Size<\/div>\n      <div class=\"cmr-g-value\">\u20b9135.73 Cr<\/div>\n      <div class=\"cmr-g-sub\">Fresh + OFS<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Listing At<\/div>\n      <div class=\"cmr-g-value\">BSE &amp; NSE<\/div>\n      <div class=\"cmr-g-sub\">Tentative: Sep 1<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lead Manager<\/div>\n      <div class=\"cmr-g-value\" style=\"font-size: 14px;\">New Berry Capitals<\/div>\n      <div class=\"cmr-g-sub\">Reg: Bigshare Services<\/div>\n    <\/div>\n  <\/div>\n\n  \n\n  <!-- \u2500\u2500 ABOUT THE COMPANY \u2500\u2500 -->\n  <h2 class=\"section-heading\">About the Business<\/h2>\n  <p>\n    Incorporated in <strong>December 1978<\/strong>, Hy-Tech Engineers Limited is an established engineering company engaged in the design, manufacture, and supply of precision hydraulic fittings for diversified industrial applications. With over four decades of domain expertise, the company maintains an extensive portfolio of more than 11,000 SKUs, including DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion adapters, and custom engineered solutions.\n  <\/p>\n  <p>\n    Operating on a B2B model across domestic and international markets, Hy-Tech serves leading OEMs and industrial clients across sectors like construction machinery, automotive, agriculture, injection moulding, and hydraulics. Certifications for railway and defence applications further broaden its commercial reach. The company operates manufacturing units across Thane, Shirwal, Kavathe, and Pithampur, supported by a backward-integrated forging facility in Nashik.\n  <\/p>\n\n  <ul class=\"cmr-feature-list\">\n    <li>Over 45 years of specialized operational track record with a catalog exceeding 11,000 SKUs.<\/li>\n    <li>Robust backward integration via in-house forging capabilities at the Nashik plant.<\/li>\n    <li>Broad international presence spanning the USA, Germany, Belgium, Poland, Brazil, and the UAE.<\/li>\n    <li>Certified supplier base addressing high-entry-barrier segments like railways and defence.<\/li>\n  <\/ul>\n\n  <p>\n    The company&#8217;s promoters are <strong>Hemant Tukaram Mondkar, Surekha Hemant Mondkar, and Ashwin Hemant Mondkar<\/strong>.\n  <\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 FINANCIALS \u2500\u2500 -->\n  <h2 class=\"section-heading\">Financial Overview<\/h2>\n  <p>\n    Hy-Tech Engineers Ltd. demonstrated consistent top-line and bottom-line expansion, with revenue increasing by 16% and profit after tax (PAT) rising by 15% between FY25 and FY26.\n  <\/p>\n\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Metric (\u20b9 Cr)<\/th>\n          <th>FY 2026<\/th>\n          <th>FY 2025<\/th>\n          <th>FY 2024<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Total Income<\/td><td>\u20b9193.44<\/td><td>\u20b9166.71<\/td><td>\u20b9141.17<\/td><\/tr>\n        <tr><td>EBITDA<\/td><td>\u20b941.69<\/td><td>\u20b935.79<\/td><td>\u20b922.55<\/td><\/tr>\n        <tr><td>PAT (Profit After Tax)<\/td><td>\u20b922.59<\/td><td>\u20b919.62<\/td><td>\u20b911.60<\/td><\/tr>\n        <tr><td>Net Worth<\/td><td>\u20b9122.02<\/td><td>\u20b9101.25<\/td><td>\u20b982.22<\/td><\/tr>\n        <tr><td>Reserves &amp; Surplus<\/td><td>\u20b980.25<\/td><td>\u20b959.48<\/td><td>\u20b981.84<\/td><\/tr>\n        <tr><td>Total Borrowings<\/td><td>\u20b929.76<\/td><td>\u20b943.53<\/td><td>\u20b940.84<\/td><\/tr>\n        <tr><td>Total Assets<\/td><td>\u20b9175.71<\/td><td>\u20b9170.65<\/td><td>\u20b9146.24<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Restated Consolidated Figures &nbsp;|&nbsp; Source: RHP Filings<\/p>\n\n  <!-- \u2500\u2500 KPIS \u2500\u2500 -->\n  <h2 class=\"section-heading\">Key Financial Metrics (FY26)<\/h2>\n  <div class=\"kpi-grid\">\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">20.24%<\/div>\n      <div class=\"kpi-label\">Return on Equity<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">24.40%<\/div>\n      <div class=\"kpi-label\">ROCE<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">22.01%<\/div>\n      <div class=\"kpi-label\">EBITDA Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">11.68%<\/div>\n      <div class=\"kpi-label\">PAT Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">\u20b92.38<\/div>\n      <div class=\"kpi-label\">Post-IPO EPS<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">22.27x<\/div>\n      <div class=\"kpi-label\">Post-IPO P\/E<\/div>\n    <\/div>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 ISSUE RESERVATION \u2500\u2500 -->\n  <h2 class=\"section-heading\">Issue Reservation<\/h2>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Investor Category<\/th>\n          <th>Allocation Limit<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Offer<\/td><\/tr>\n        <tr><td>Retail (RII) Shares Offered<\/td><td>Not less than 35% of the Net Offer<\/td><\/tr>\n        <tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Net Offer<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OBJECTS OF ISSUE \u2500\u2500 -->\n  <h2 class=\"section-heading\">Objects of the Issue<\/h2>\n  <p>\n    The net proceeds from the \u20b960.00 Cr fresh issue are proposed to be utilized as follows:\n  <\/p>\n  <ul class=\"objects-list\">\n    <li>\n      <span class=\"obj-label\">Machinery and equipment procurement for expansion at Kavathe, Shirwal, and Pithampur Unit-I<\/span>\n      <span class=\"obj-amt\">\u20b929.97 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">Prepayment or repayment, in full or in part, of certain outstanding borrowings<\/span>\n      <span class=\"obj-amt\">\u20b916.00 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">General corporate purposes<\/span>\n      <span class=\"obj-amt\">Balance<\/span>\n    <\/li>\n  <\/ul>\n\n  <!-- \u2500\u2500 VERDICT CARD \u2500\u2500 -->\n  <div class=\"cmr-verdict-card\">\n    <div class=\"cmr-verdict-title\">The Final Verdict<\/div>\n    <p>\n      Hy-Tech Engineers Limited stands out with solid operational stability, an expansive SKU catalog, and healthy double-digit margins (EBITDA margin of 22.01% and ROCE of 24.40%).\n    <\/p>\n    <p style=\"margin-top: 10px;\">\n      The planned capex of \u20b929.97 Cr will expand its manufacturing bandwidth across key hubs, while \u20b916.00 Cr earmarked for debt reduction will improve capital efficiency and lower interest outgo. At a reasonable post-issue P\/E multiple of 22.27x and a market capitalization of \u20b9502.72 Cr, the offering is positioned attractively for investors seeking exposure to the precision engineering and industrial hydraulics space.\n    <\/p>\n  <\/div>\n\n  <!-- \u2500\u2500 CTA BUTTON \u2500\u2500 -->\n  <div class=\"cta-wrap\">\n    <a class=\"cta-btn\" href=\"https:\/\/novo.flattrade.in\/\" target=\"_blank\" rel=\"noopener\">\n      Apply for Hy-Tech Engineers IPO on Flattrade &rarr;\n    <\/a>\n  <\/div>\n\n  <div class=\"source-note\">Source: Chittorgarh IPO Filings<\/div>\n\n<\/main>\n\n<\/body>\n<\/html>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0a570f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0a570f9\" data-element_type=\"section\" 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Issue&hellip;","protected":false},"author":10,"featured_media":52981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-52977","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipos","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hy-Tech Engineers IPO - Flattrade Kosh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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