The offer comprises a fresh issue of equity shares of face value Rs 5 each, aggregating up to Rs 700 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.
According to the DRHP, the company will not receive any proceeds from the offer for sale.
However, the proceeds from the fresh issue are proposed to be utilized towards funding capital expenditure requirements for procurement of machinery and equipment for expansion at its Kavathe Unit, Shirval Unit, and Pithampur Unit-I.
The company also plans to use the funds for repayment or prepayment, in full or in part, of certain outstanding borrowings, and for general corporate purposes.
About Hy-Tech Engineers
Hy-Tech Engineers is engaged in the design, manufacture, and supply of hydraulic fittings. Its product portfolio includes DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, and conversion fittings, along with fittings customized to customer specifications. As of March 31, 2025, the company’s portfolio consisted of more than 10,000 stock keeping units (SKUs).The company supplies its products to diverse industries, including construction machinery, automotive, agricultural machinery, railways, and defence. It operates on a business-to-business (B2B) mode,l catering to both domestic and international markets.
Hy-Tech Engineers combines direct sales to original equipment manufacturers (OEMs) and other industrial customers with a distribution network. In Fiscal 2025, it supplied to 152 direct customers, including OEMs, and was supported by a network of distributors and distribution partners in India and overseas.
For the IPO, New Berry Capitals has been appointed as the book running lead manager, while Bigshare Services will act as the registrar to the offer.
The equity shares are proposed to be listed on both the BSE and NSE, with one of them designated as the stock exchange for the purpose of the offer.
Also read: IPO-bound Oyo to consider 1:1 bonus issue; unlisted shares rise 25% in 1 month(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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