5 hrs ago
Hi-Tech Flow Solutions Files ₹300 Crore Fresh-Issue IPO Papers
Hi-Tech Flow Solutions wants to sell shares to the public for the first time.
It has filed the required early documents with India’s market regulator.
The company plans to raise up to ₹300 crore by issuing new shares.
Some existing owners may also sell part of their shares.
The company might first raise up to ₹60 crore from selected investors.
About ₹126 crore would help build a new pipe-making and coating facility in Nagpur.
Another ₹90 crore would be used to repay or reduce debt.
The remaining money would support the company’s general needs.
Hi-Tech Flow Solutions has filed preliminary IPO papers with the Securities and Exchange Board of India.
The IPO will include a fresh issue of up to ₹300 crore and an offer for sale by promoters and an existing investor.
Promoters Ajay Kumar Bansal and Vipul Bansal, along with the Wealth Company Alternates Trust–India Inflection Opportunity Fund, will sell shares.
The company may raise up to ₹60 crore through a pre-IPO placement, which could reduce the fresh issue size.
Proceeds will fund a new API-grade HSAW pipe unit, debt repayment, and general corporate purposes.
- Who
- Hi-Tech Flow Solutions Ltd, its promoters, and an existing investor.
- What
- The company filed draft papers for an IPO with a fresh issue of up to ₹300 crore and an offer for sale.
- Where
- The company is based in New Delhi and plans to build the proposed facility at its existing Nagpur manufacturing complex.
- When
- The filing was reported in connection with the proposed IPO; the articles do not provide a specific filing date.
- Why
- To fund a new API-grade HSAW pipe and coating unit, repay or prepay debt, and meet general corporate requirements.
Key facts
- Fresh issue
- Up to ₹300 crore
- Potential pre-IPO placement
- Up to ₹60 crore
- New facility allocation
- Around ₹126 crore
- Debt allocation
- ₹90 crore
- FY26 revenue
- ₹417 crore
- FY26 net profit
- ₹36.4 crore
- Operations
- Manufacturing facilities in Sanand, Gujarat, and Nagpur, Maharashtra; products supplied across 17 states and two Union territories
Sources
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