Hy-Tech Engineers has fixed the price band for its upcoming initial public offering (IPO) at Rs 50-53 per share, with the issue scheduled to open for subscription on August 24 and close on August 27, according to Bloomberg News.
The company is looking to raise around Rs 136 crore through the public issue. Hy-Tech Engineers had filed the Draft Red Herring Prospectus (DRHP) with SEBI on September 4, 2025, for the public issue.
Hy-Tech Engineers IPO details
Hy-Tech Engineers IPO is a book build issue comprising a fresh issue of equity shares of face value Rs 5 each, aggregating up to Rs 70 crore by the company, and an offer for sale of up to 1,19,33,120 equity shares of face value Rs 5 each by the promoter selling shareholders.
Promoter Hemant Tukaram Mondkar will sell up to 75,00,000 equity shares, while Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar will offload up to 44,33,120 equity shares.
Hy-Tech Engineers IPO Reservation
- QIB: Not more than 50% of the net offer
- Retail: Not less than 35% of the net offer
- NII: Not less than 15% of the net offer
New Berry Capitals Pvt.Ltd. is the book running lead manager to the issue while Bigshare Services Pvt.Ltd. is the registrar of the issue.
The equity shares are proposed to be listed on NSE and BSE.
