HyTech Engineers IPO Price Band Fixed at Rs 50–53 per Share, Issue To Open on Aug 24

New Delhi: Hydraulic fitting manufacturer HyTech Engineers on Wednesday fixed the price band at Rs 50-53 per equity share for its initial public offering, which will open for subscription on August 24.

The Rs 136-crore IPO will conclude on August 27 and the bidding for anchor investors will open for a day on August 21, according to the red herring prospectus (RHP) filed on Monday.

The Maharashtra-based company has revised its IPO size by trimming the fresh issue to Rs 60 crore from Rs 70 crore earlier. The company has increased the offer-for-sale (OFS) component to nearly 1.43 crore shares from 1.19 crore shares earlier, as per the RHP.

At the upper end of the price band, the company will fetch up to Rs 135.73 crore from the public issue. Bids can be made for a minimum single lot size of 283 equity shares and in multiples thereof by retail investors.

The company has proposed to utilise Rs 29.96 crore from the net proceeds towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I, and Rs 16 crore will be used for repayment of loans.

The remaining amount will be used for general corporate purposes.

Hy-Tech Engineers operates on a business-to-business model across both domestic and international markets, catering to original equipment manufacturers and other industrial customers. It has six manufacturing facilities across the country.

On the financial front, the company reported revenue of Rs 189.40 crore and profit after tax of Rs 22.59 crore in FY26.

The company’s shares are proposed to be listed on the BSE and the NSE on September 1.

New Berry Capitals Pvt Ltd is the sole book-running lead manager for the IPO.

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