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Hy-Tech Engineers IPO Review

Hy-Tech Engineers IPO has been reviewed by 8 analysts, and the overall consensus is Strong Apply — carrying a score of 92. Out of the 8 analysts who have covered this IPO, 6 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹50-53 per share, with a minimum application size of 283 shares (minimum investment of approximately ₹14,999 at the upper band). Subscription ran from 24 Aug 2026 to 27 Aug 2026. The issue size is ₹136 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Hy-Tech Engineers IPO is quoting at ₹35 (66.04%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
92/ 100
Strong Apply 6 of 8 recommend subscribing
How analysts voted
Apply 6
May apply 2
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Hy-Tech has been making hydraulic fittings since 1978 and today sells over 11,000 SKUs, of which 880 were added in FY26. All six plants run work in-house from die designing to plating, with captive forging at Nashik. FY26 EBITDA margin was 22 percent and ROCE 24.4 percent. Six of the nine analysts covering the issue said subscribe, two said subscribe with caution.

Listing gains

At ₹53 the issue is priced at only 20 to 22 times FY26 earnings, with EV/EBITDA of about 12 times on a market cap near ₹503 crore. Listed peers trade at roughly 94, 139 and 82 times. This is the widest valuation gap among the current issues, and not a single analyst called the pricing expensive. A strong listing looks likely.

Short-term strategy

The near-term picture is comfortable. Debt has already fallen from ₹43.53 crore to ₹29.76 crore, and ₹16 crore of fresh money goes into further prepayment, so interest cost should drop from FY27. Capacity utilisation is only 70.55 percent, so volumes can grow without new spending. The one thing to track is steel cost, as ten suppliers give 65.61 percent of purchases.

Long-term strategy

The long-term case is solid. Four decades of experience, in-house backward integration and repeat customers giving 95.1 percent of FY26 revenue make earnings predictable, while railway and defence certifications open new markets. The clear risk is the United States, which alone brings 21.42 percent of revenue, and the few cautious analysts turned cautious only on this trade exposure.

How this is written: an AI-assisted summary of the 9 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Hy-Tech Engineers IPO?

The analyst consensus for Hy-Tech Engineers IPO tracked on this page is Strong Apply, with a score of 92/100. Out of 8 analysts who have reviewed this IPO, 6 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 92 mean for Hy-Tech Engineers IPO?

The score of 92 is an aggregate of all analyst ratings tracked for Hy-Tech Engineers IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

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% (₹22 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Hy-Tech Engineers IPO?

Hy-Tech Engineers IPO was priced at ₹50-53 per share. The minimum lot size is 283 shares, making the minimum investment approximately ₹14,999 at the upper end of the price band. Subscription ran from 24 Aug 2026 to 27 Aug 2026.

Explore Hy-Tech Engineers IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Hy-Tech Engineers IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
92 / 100
Listed at
₹75
Full IPO details