Hy-Tech Engineers files draft red herring prospectus for IPO with SEBI

Hy-Tech Engineers has filed its draft pink herring prospectus (DRHP) with the Securities and Trade Board of India (SEBI) for its preliminary public providing (IPO).

The supply includes a contemporary concern of fairness shares of face worth Rs 5 every, aggregating as much as Rs 700 crore by the corporate, and a proposal on the market of as much as 1,19,33,120 fairness shares of face worth Rs 5 every by the promoter promoting shareholders.

Promoter Hemant Tukaram Mondkar will promote as much as 75,00,000 fairness shares, whereas Surekha Hemant Mondkar collectively with Hemant Tukaram Mondkar will offload as much as 44,33,120 fairness shares.

In keeping with the DRHP, the corporate won’t obtain any proceeds from the supply on the market.

Nevertheless, the proceeds from the contemporary concern are proposed to be utilized in direction of funding capital expenditure necessities for procurement of equipment and gear for growth at its Kavathe Unit, Shirval Unit, and Pithampur Unit-I.

The corporate additionally plans to make use of the funds for compensation or prepayment, in full or partially, of sure excellent borrowings, and for basic company functions.

About Hy-Tech Engineers

Hy-Tech Engineers is engaged within the design, manufacture, and provide of hydraulic fittings. Its product portfolio contains DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, and conversion fittings, together with fittings custom-made to buyer specs. As of March 31, 2025, the corporate’s portfolio consisted of greater than 10,000 inventory protecting items (SKUs).

The corporate provides its merchandise to numerous industries, together with building equipment, automotive, agricultural equipment, railways, and defence. It operates on a business-to-business (B2B) mode,l catering to each home and worldwide markets.

Hy-Tech Engineers combines direct gross sales to unique gear producers (OEMs) and different industrial clients with a distribution community. In Fiscal 2025, it equipped to 152 direct clients, together with OEMs, and was supported by a community of distributors and distribution companions in India and abroad.

For the IPO, New Berry Capitals has been appointed because the ebook operating lead supervisor, whereas Bigshare Companies will act because the registrar to the supply.

The fairness shares are proposed to be listed on each the BSE and NSE, with considered one of them designated because the inventory alternate for the aim of the supply.

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