Hy-Tech Engineers has achieved exceptional market response, with the issue subscribed 244.41 times by Day 4 as of latest reports. The IPO received bids for 1,58,32,23,690 shares against 1,81,45,406 shares on offer, as per latest NSE data. The qualified institutional buyers (QIBs) portion received 98% subscription, while the non-institutional investors category was subscribed 177.30 times and retail individual investors (RIIs) received 95.27 times subscription. The issue size is ₹136 crore (₹60 crore fresh issue + ₹75.73 crore OFS), with minimum investment of ₹14,999 for 283 shares at ₹50-53 price band.
As per the latest grey market trends, Hy-Tech Engineers is signalling strong listing gains with the Grey Market Premium (GMP) commanding up to 85% according to market observers. According to InvestorGain, the IPO's Grey Market Premium (GMP) is showing an upward trend, with the GMP quoted at ₹45 indicating a listing gain of 84.91%. IPO Watch reports a GMP of 83.02%, while the GMP figures are unofficial, speculative and may change before listing. Considering the upper end of the price band and current premium, the estimated listing price is indicated at ₹97 per share, representing a strong listing gain over the issue price of ₹53.
Ahead of the IPO, Hy-Tech Engineers successfully raised ₹40.72 crore from anchor investors on Friday, August 24, 2026. The board allotted 76.83 lakh shares at ₹53 each to 8 anchor investors, demonstrating strong institutional confidence in the issue. WhiteOak Capital Asset Management, part of the White Oak Capital Group founded by veteran investor Prashant Khemka, emerged as the largest anchor investor, accounting for 43% of the total allocation. The anchor investor participation indicates positive sentiment towards the company's growth prospects and financial performance.
The company reported revenue from operations of ₹189.4 crore and net profit of ₹22.6 crore in FY26, demonstrating strong financial performance. This represents a 17.4% increase in revenue and 15.15% year-on-year growth in profit compared to FY25. In FY25, Hy-Tech Engineers posted revenue of ₹166.71 crore and profit after tax of ₹19.62 crore. The IPO is structured as a mix of fresh issuance of ₹60 crore and an offer for sale component of ₹75.73 crore. Post-expansion, the estimated installed capacity at Shirwal, Pithampur Unit-I and Kavathe is expected to increase by 45.00%, 83.08% and 41.25% respectively, subject to timely commissioning.
Allotment is expected to be finalised tonight on August 27 on the official website of the registrar Bigshare Services Pvt Ltd, with listing scheduled on Tuesday, September 1 on both BSE and NSE. The IPO opened for subscription on August 24 and will close on August 27, 2026. Investors can check their allotment status through multiple channels - on the official registrar website by entering PAN or application number, or through BSE and NSE websites using similar procedures. The company has made changes to the IPO structure, with the fresh issue reduced to ₹60 crore from ₹70 crore earlier, while the offer-for-sale component increased to nearly 1.43 crore equity shares from 1.19 crore previously. The issue is open for retail investors with a minimum lot size of 283 shares and multiples thereof.
