Hy-Tech Engineers Files Files Draft Red Herring Prospectus for IPO with Sebi

Hy-Tech Engineers has submitted his Concept Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its initial public offer (IPO).

The offer consists of a new issue of shares of Nominal Value RS 5 shares, each, which means that the company is aggregated by the company up to RS 700 Crore and an offer for a maximum of 1.19.33,120 shares of Face Value RS 5 shares selling shareholders.

Promoter Hemant Tukaram Mondkar sells a maximum of 75.00,000 shares, while Surekha Hemant Mondkar together with Hemant Tukaram will discharge Mondkar to 44,33,120 shares.

According to the DRHP, the company does not receive any proceeds from the offer for sale.

However, it is proposed that the proceeds from the new issue are used for the financing of capital expenditure requirements for the purchase of machines and equipment for expansion at the Kavathe unit, Shirval Unit and Pithampur Unit-I.

The company is also planning to use the funds for reimbursement or advance payment, fully or in part of certain outstanding loans and for general business purposes.

About Hy-Tech Engineers

HY-Tech Engineers is concerned with the design, production and supply of hydraulic fittings. The product portfolio includes DIN-Metrical fittings, Jic Flarely and Flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, together with fittings that have been adapted to customer specifications. From March 31, 2025, the company’s portfolio consisted of more than 10,000 stock of stock units (SKUs).

The company supplies its products to various industries, including construction equipment, automotive, agricultural machinery, railways and defense. It works on a business-to-business (B2B) mode, which catering for both domestic and international markets for both domestic and international markets.

HY-Tech Engineers combines direct sale to original equipment manufacturers (OEMs) and other industrial customers with a distribution network. In Fiscal 2025 it supplied 152 direct customers, including OEMs, and was supported by a network of distributors and distribution partners in India and abroad.

For the IPO, new Berry Capitals has been appointed as the book Running Lead Manager, while Bigshare Services act as a registrar of the offer.

The shares are presented to be mentioned on both the BSE and NSE, with one of them designated and the stock market for the purpose of the offer.

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