Hy-Tech Engineers IPO Oversubscribed 244 Times On Final Day; Issue Draws Strong Investor Response
New Delhi, August 27, 2026: The initial public offering of hydraulic fitting manufacturer Hy-Tech Engineers Ltd was subscribed a whopping 244.41 times on the final day of the share sale on Thursday, helped by an impressive response from investors. The Rs 135.73-crore IPO received bids for 4,43,49,70,542 shares against 1,81,45,406 shares on offer, according to NSE data. Strong Investor Response…
New Delhi, August 27, 2026: The initial public offering (IPO) of hydraulic fitting manufacturer Hy-Tech Engineers Ltd saw an extraordinary 244.41 times subscription on the final day, driven by robust investor interest. The Rs 135.73-crore IPO attracted bids for 4,43,49,70,542 shares, surpassing the available 1,81,45,406 shares. Non-institutional investors showed the highest subscription rate, with 402.29 times demand.
Qualified institutional buyers (QIBs) saw a 255.77 times subscription, while retail investors received 170.58 times interest. The IPO began on Monday with a subscription of 7.74 times. Hy-Tech Engineers revised its IPO size from Rs 70 crore to Rs 60 crore and increased the offer-for-sale (OFS) quota to approximately 1.43 crore shares, up from 1.19 crore.
The company plans to use Rs 29.96 crore from net proceeds for expanding machinery and equipment at three manufacturing units and Rs 16 crore for loan repayments, with the remainder allocated to general corporate expenses. Hy-Tech Engineers, a B2B company operating in domestic and international markets, plans to list its shares on BSE and NSE on September 1. New Berry Capitals Pvt Ltd is the sole lead manager for the IPO.
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