Mehta Hitech Industries IPO
Mehta Hitech Industries IPO — date, issue size, SEBI status & DRHP details 2026
Mehta Hitech Industries filed its draft red herring prospectus (DRHP) with SEBI on 2 Jan 2026 for an IPO of a fresh issue of up to 62,00,000 shares. The draft is no longer on SEBI's list of pending offer documents. The price band, lot size and IPO dates are not announced yet.
Mehta Hitech Industries, based in Ahmedabad, makes Co2 laser machines, fiber laser machines, CNC routers and digital printers. Revenue from operations grew from Rs 154.48 crore in FY2023 to Rs 256.12 crore in FY2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the DRHP filed with SEBI
Where the Mehta Hitech Industries IPO stands
From draft to listing. Today is 11 November 2026.
- DRHP filed 02 Jan 2026
- SEBI observations Done
- RHP & price band TBA
- Bidding TBA
- Listing TBA
| DRHP filed with SEBI | 2 Jan 2026 |
|---|---|
| SEBI status | SEBI review completed |
| RHP, price band & dates | Not announced |
Mehta Hitech Industries IPO details
The offer as the DRHP describes it. Terms can change in the RHP.
| Issue type | Fresh issue only |
|---|---|
| Fresh issue | Up to 62,00,000 shares |
| Offer for sale | None |
| Total issue size | Depends on the price band |
| Face value | ₹10 per share |
| Proposed listing | BSE, NSE |
| Price band | Not announced (comes with the RHP) |
| Lot size | Not announced |
| IPO dates | Not announced |
| Book running lead managers | Beeline Capital Advisors Private Limited |
| Registrar | KFin Technologies Limited |
Strengths & risks
The case for and against, from the DRHP's own numbers and risk factors.
Strengths · 7
- 01Revenue from operations grew from Rs 154.48 crore in FY2023 to Rs 195.03 crore in FY2024 and Rs 256.12 crore in FY2025, growth of 26.25% and 31.32% in the last two years.
- 02Profit after tax rose from Rs 3.64 crore in FY2023 to Rs 6.61 crore in FY2024 and Rs 18.53 crore in FY2025.
- 03Machines sold went from 1,459 in FY2023 to 2,091 in FY2025, and the company has supplied machines to over 3,500 customers.
- 04Customer dependence is low: the top 10 customers gave 20.15% of revenue from operations in FY2025 and the top customer group of 3 gave 14.67%.
- 05Sales are spread over four product lines. In the six months to 30 September 2025 fiber laser gave 44.30%, CNC routers 11.66%, Co2 laser 8.97% and digital printers 8.90% of revenue.
- 06Return on net worth was 44.81% in FY2025, up from 22.11% in FY2023.
- 07Promoters and promoter group hold 95.16% before the issue, and the issue is fresh shares only, so all money raised goes to the company.
Risks · 8
- 01Operating cash flow was negative at Rs -1.34 crore in FY2025 and Rs -4.44 crore in the six months to 30 September 2025, while profit was positive, because inventory and advances to suppliers rose.
- 02Inventory days rose from 85 days in FY2023 to 93 days in FY2025 and 108 days in the six months to 30 September 2025.
- 03Imported raw material was 35.45% of raw material purchases in FY2025, which exposes the company to import tariffs and currency moves.
- 04The top 3 suppliers gave 26.12% of raw material purchases in FY2025, up from 19.12% in FY2023.
- 05Total borrowings were Rs 34.90 crore at 30 September 2025 against a net worth of Rs 65.08 crore, and Rs 45.40 crore at 31 March 2025.
- 06All 13 manufacturing units and the proposed unit are in Kathwada and Sanand GIDC in Ahmedabad district, and the land for all units is leased.
- 07The company reports 26 criminal proceedings filed by it (Rs 0.36 crore involved) and 24 tax proceedings against it (Rs 0.83 crore involved); 6 tax proceedings are against the promoters (Rs 0.08 crore).
- 08General corporate purposes has no fixed amount yet and can be up to 25% of gross proceeds.
Mehta Hitech Industries financials
Restated figures in ₹ crore, as reported in the DRHP.
| ₹ crore | 30 Sep 2025 (6 months) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue from Operations | 152.25 | 256.12 | 195.03 | 154.48 |
| Total Income | 152.54 | 257.52 | 195.58 | 155.26 |
| Profit After Tax | 7.33 | 18.53 | 6.61 | 3.64 |
| Net Worth | 65.08 | 41.35 | 22.80 | 16.46 |
| Total Borrowing | 34.90 | 45.40 | 32.57 | 30.20 |
| Total Assets | 179.89 | 141.95 | 111.88 | 89.35 |
Key ratios (FY25)
P/E and market capitalisation need the price band and are added when the RHP is out.
Where the IPO money goes
₹100 crore of the fresh issue is earmarked to named objects.
About Mehta Hitech Industries
The company says it has over 25 years of experience. It was incorporated on 6 June 2000 as Mehta Cad Cam Systems Private Limited and took its present name in December 2023. Its machines serve industries such as leather, fabrics, textiles, rubber, glass, ceramics, stone, woodworking, metalworking, aerospace and automobiles. It has supplied machines to over 3,500 customers.
Manufacturing is done at 13 manufacturing units in Kathwada GIDC and Sanand GIDC in Ahmedabad district, Gujarat. The land and premises for all its units are taken on lease. The company sold 1,272 machines in the six months to 30 September 2025, 2,091 in FY2025, 1,686 in FY2024 and 1,459 in FY2023. It had 15 facilities at 30 September 2025, against 5 in FY2023.
In the six months to 30 September 2025, fiber laser equipment gave 44.30% of revenue from operations, CNC routers 11.66%, Co2 laser equipment 8.97% and digital printers 8.90%. Overseas, it sells through distributors in Canada, UAE and Saudi Arabia, and directly to countries such as Nigeria, Nepal, Algeria, Qatar and Kuwait.
The company imports a part of its raw material, such as laser heads, fiber laser sources and Co2 laser tubes. Imported raw material was 35.45% of raw material purchases in FY2025. The closing headcount was 1,443 employees at 30 September 2025. The promoters are Shailesh Mehta, Sangita Shailesh Mehta, Riya Mehta, Raj Shailesh Mehta and Spectron Lasers LLP.
The industry
The draft offer document, citing the D&B report, says the Indian machine tool industry has grown strongly in the last few years on industrial demand. By FY2030 the domestic market for CNC machines is expected to reach USD 2.6 Bn, laser printing machines USD 0.6 Bn and digital printing machines USD 2.4 Bn. These are the three sub-segments in which the company sells.
Customer concentration: Top 10 customers gave 20.15% of revenue from operations in FY2025 (18.99% in FY2024); top 5 gave 16.80%.
Promoters & management
Promoters hold 92.78% and the promoter group holds 2.38% before the issue, together 95.16%, with Sangita Shailesh Mehta (31.12%) and Spectron Lasers LLP (27.80%) the largest holders.
| Name | Role |
|---|---|
| Shailesh Mehta | Chairman and Managing Director |
| Raj Shailesh Mehta | Whole-time Director |
| Sangita Shailesh Mehta | Non-executive Director |
The bankers & the filings
Who is running the issue, and the SEBI documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Beeline Capital Advisors Pvt. Ltd.
10 issues handled (6 mainboard, 4 SME)Best listing: Mamata Machinery (+146.9%). Weakest: Modern Diagnostic & Research Centre (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Mehta Hitech Industries IPO: frequently asked
When will the Mehta Hitech Industries IPO open?
The Mehta Hitech Industries IPO dates are not announced yet. The draft is no longer on SEBI's list of pending offer documents. The company announces the dates and price band after it files its red herring prospectus (RHP) with the Registrar of Companies, usually a week or two before bidding opens. This page switches to the full IPO page with dates, price band and lot size as soon as that happens.
What is the Mehta Hitech Industries IPO price band?
The price band is not announced yet. It is set by the company and its lead managers and published with the RHP, a few days before the issue opens. The DRHP fixes only the face value of ₹10 per share.
How big is the Mehta Hitech Industries IPO?
Mehta Hitech Industries filed its draft red herring prospectus (DRHP) with SEBI on 2 Jan 2026 for an IPO of a fresh issue of up to 62,00,000 shares. The final size in rupees depends on the price band.
Has SEBI approved the Mehta Hitech Industries IPO?
The draft is no longer on SEBI's list of pending offer documents. SEBI observations are valid for 12 months; the IPO has to open within that window or the company must file again.
What is the Mehta Hitech Industries IPO GMP?
There is no grey market premium to report before the price band is announced. IPO Guru starts tracking the Mehta Hitech Industries IPO GMP once the RHP and price band are out.
What will Mehta Hitech Industries do with the IPO money?
As per the DRHP: Civil construction and plant and machinery for a new manufacturing facility at Sanand GIDC, Ahmedabad district (₹70 crore); Long-term working capital requirements (₹30 crore); General corporate purposes.
Who are the lead managers of the Mehta Hitech Industries IPO?
The book running lead managers are Beeline Capital Advisors Private Limited. KFin Technologies Limited is the registrar.
What does Mehta Hitech Industries make?
It makes Co2 laser equipment, fiber laser equipment, CNC routers and digital printers at 13 manufacturing units in Kathwada and Sanand GIDC, Ahmedabad district.
Is Mehta Hitech Industries profitable?
Yes. Profit after tax was Rs 18.53 crore in FY2025, against Rs 6.61 crore in FY2024 and Rs 3.64 crore in FY2023.
Who owns Mehta Hitech Industries?
Promoters and promoter group hold 95.16% before the issue. Sangita Shailesh Mehta holds 31.12% and Spectron Lasers LLP holds 27.80%.
Other companies in the IPO pipeline
Mainboard companies with drafts filed with SEBI, same bankers first.
Know the day the price band is out.
We track every mainboard draft from SEBI filing to listing. When Mehta Hitech Industries files its RHP, this page becomes the full IPO page with dates, price band, lot size, GMP and subscription.
Not investment advice. Figures are from the company's draft offer document filed with SEBI and may change in the RHP.
