IPO Listed — 01 Sep 2026
Listing Price: ₹75
Hy-Tech Engineers IPO GMP History | Listing Price ₹75 & Kostak Rate
Hy-Tech Engineers IPO has been listed on September 1, 2026 at a listing price of ₹75, against the issue price of ₹53 — a gain of ₹22 (+41.51%). The GMP peaked at ₹45 on 27 August 2026 and reached a low of ₹5 on 19 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Hy-Tech Engineers IPO raised ₹135.73 Cr. through its IPO at a price band of ₹50 to ₹53 per share, with a lot size of 283 shares. The IPO was open for subscription from 24 Aug 2026 to 27 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 01 Sep 2026 | ₹ 35 | 66.04% | ₹ 0 | ₹ 0 | |
| 31 Aug 2026 | ₹ 35 | 66.04% | ₹ 0 | ₹ 0 | |
| 30 Aug 2026 | ₹ 43 | 81.13% | ₹ 0 | ₹ 0 | |
| 29 Aug 2026 | ₹ 43 | 81.13% | ₹ 0 | ₹ 0 | |
| 28 Aug 2026 | ₹ 40 | 75.47% | ₹ 0 | ₹ 0 | |
| 27 Aug 2026 | ₹ 45 | 84.91% | ₹ 0 | ₹ 0 | |
| 26 Aug 2026 | ₹ 44 | 83.02% | ₹ 0 | ₹ 0 | |
| 25 Aug 2026 | ₹ 30 | 56.60% | ₹ 0 | ₹ 0 | |
| 24 Aug 2026 | ₹ 30 | 56.60% | ₹ 0 | ₹ 0 | |
| 23 Aug 2026 | ₹ 25 | 47.17% | ₹ 0 | ₹ 0 | |
| 22 Aug 2026 | ₹ 27 | 50.94% | ₹ 0 | ₹ 0 | |
| 21 Aug 2026 | ₹ 22 | 41.51% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 22 | 41.51% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 5 | 9.43% | ₹ 0 | ₹ 0 |
Hy-Tech Engineers IPO Dates
| Event | Date |
|---|---|
| Open Date | 24 Aug, 2026 |
| Close Date | 27 Aug, 2026 |
| Allotment Date | 28 Aug, 2026 |
| Refund Date | 31 Aug, 2026 |
| Credit to Demat | 31 Aug, 2026 |
| Listing Date | 01 Sep, 2026 |
Hy-Tech Engineers IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹53 |
| GMP-Based Estimate (Pre-Listing) | ₹88 (+66%) |
| Actual Listing Price | ₹75 (+41.51%) |
| Listing Gain / Loss | +₹22 per share |
| Listing Date | 01 Sep, 2026 |
Is Hy-Tech Engineers IPO GMP Reliable?
Grey market premium for Hy-Tech Engineers IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Hy-Tech Engineers IPO full review for a fundamentals-based assessment before making any grey market trades.
Hy-Tech Engineers IPO IPO Kostak Rate Explained
The Kostak rate for Hy-Tech Engineers IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Hy-Tech Engineers IPO
Its range covers over 11,000 SKUs, including DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal fittings, conversion fittings and fittings made to a customer's own design. It works on a B2B model, selling to original equipment makers and industrial buyers both directly and through authorised distributors.
Its fittings go into construction machinery, automotive, farming machinery, injection moulding machines and general hydraulic systems, and it also holds certifications for railway and defence use. As on 31 March 2026 it was selling in markets including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany. It runs plants at Thane, Shirwal, Kavathe and Pithampur, supported by a unit at Nashik that supplies forged parts to the other plants. As on 31 March 2026 it had 468 permanent employees and 253 contract workers.
Strengths & Risks
Strengths
- ✓ Sales and profit have grown for three years. Total income went from Rs 141.17 crore in FY2024 to Rs 166.71 crore in FY2025 and Rs 193.44 crore in FY2026.
- ✓ Profit after tax nearly doubled in two years, from Rs 11.60 crore in FY2024 to Rs 19.62 crore in FY2025 and Rs 22.59 crore in FY2026.
- ✓ Return ratios are healthy, with RoCE of 20.46% and RoNW of 21.39%, and the PAT margin was 11.77%.
- ✓ The company cut its borrowing while growing, from Rs 43.53 crore in FY2025 to Rs 29.76 crore in FY2026, against a net worth of Rs 122.02 crore.
- ✓ The product range is very wide at more than 11,000 SKUs, so a customer can source most of its fitting needs from one supplier.
- ✓ It is backward integrated. Its Nashik unit supplies forged parts to the other plants, which helps control cost and quality.
- ✓ It has a long record of more than 45 years, having started in December 1978.
- ✓ Exports go to eleven markets including the USA, Germany and Italy, and railway and defence certifications open up further demand.
Risks
- ⚠ Demand depends on industrial and vehicle capital spending. Hydraulic fittings are bought when construction, farm and factory machinery is being built, so a slowdown in those industries directly cuts orders.
- ⚠ The company runs four manufacturing plants plus a forging unit, which is a lot of fixed cost to carry for a company of this size if volumes fall.
- ⚠ Rs 29.97 crore of the issue money goes into expanding three units at the same time, at Kavathe, Shirwal and Pithampur, which brings execution risk and the new capacity will take time to earn.
- ⚠ It uses a large contract workforce, 253 contract workers against 468 permanent employees, which brings labour availability and compliance risk.
- ⚠ Steel and alloy prices are the main raw material cost and any sharp rise that cannot be passed on to OEM customers will squeeze margin.
- ⚠ Selling to OEMs usually means long payment terms and pressure on price at every annual contract renewal.
- ⚠ Exports to eleven countries bring currency risk and exposure to trade rules in those markets.
- ⚠ Promoter holding will come down from 97.99% to 71.23% after the issue.
Frequently Asked Questions about Hy-Tech Engineers IPO
What is the GMP of Hy-Tech Engineers IPO?
The current Grey Market Premium (GMP) of Hy-Tech Engineers IPO is ₹ 35.
What is the Kostak Price of Hy-Tech Engineers IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Hy-Tech Engineers IPO is currently not available.
What is the Subject to Sauda Price of Hy-Tech Engineers IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Hy-Tech Engineers IPO?
Hy-Tech Engineers IPO listed on September 1, 2026 at ₹75, against the issue price of ₹53 — a gain of +41.51%.
How did the GMP of Hy-Tech Engineers IPO trend before listing?
The GMP of Hy-Tech Engineers IPO was stable in its final days before listing. The GMP peaked at ₹45 on 27 August 2026. View the day-wise table above for the complete GMP history.
Explore Hy-Tech Engineers IPO Further
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