1 week ago
Hy-Tech Engineers IPO GMP Signals Potential 41% Listing Gain
Hy-Tech Engineers is offering shares to the public through an IPO.
The shares are priced between ₹50 and ₹53 each.
Market trading outside the official exchange suggested they could list near ₹75.
That would be a gain of about 41.51% over the highest issue price, although this is only an estimate.
The IPO includes new shares issued by the company and shares sold by two promoters.
Retail investors must apply for at least 283 shares, costing ₹14,999 at the highest price.
The company wants to use some money for new machinery and some to repay loans.
The article gives conflicting opening dates, listing both 2 August and 24 August.
Hy-Tech Engineers’ ₹135.73-crore IPO combines a fresh issue and an offer for sale by two promoters.
The price band is ₹50–₹53 per share, with a 283-share minimum lot costing ₹14,999 at the upper band.
A reported GMP of ₹22 suggested a possible listing price of ₹75, or a 41.51% premium over the upper issue price.
The issue includes 1 crore fresh shares worth ₹60 crore and 1.43 crore OFS shares worth ₹75.73 crore.
The company plans to fund machinery purchases, repay borrowings and support general corporate purposes with fresh-issue proceeds.
- Who
- Hy-Tech Engineers, its promoters, and prospective investors.
- What
- A ₹135.73-crore IPO featuring a fresh issue and an offer for sale.
- Where
- The shares are intended to list on the BSE and the NSE; the company operates in domestic and international markets.
- When
- The article lists conflicting opening dates: 2 August and 24 August; it says subscription would close on 27 August and shares would list on 1 September.
- Why
- To buy machinery for expansion, repay or prepay borrowings, and meet general corporate needs.
Key facts
- Issue size
- ₹135.73 crore
- Price band
- ₹50–₹53 per share
- Grey market premium
- ₹22, implying a possible ₹75 listing price and a 41.51% premium over the upper band
- Lot size
- 283 shares; minimum retail investment of ₹14,999 at ₹53 per share
- Investor reservation
- 50% for QIBs, 15% for NIIs and 35% for retail investors
- Lead manager and registrar
- New Berry Capitals Private Limited is the book-running lead manager; Bigshare Services Private Limited is the registrar
- Financial performance
- Revenue rose from ₹137.71 crore in FY24 to ₹189.4 crore in FY26; profit attributable to owners rose from ₹11.6 crore to ₹22.6 crore
Sources
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