{
  "id": 8235790,
  "title": "Hi-Tech Flow Solutions Takes IPO Route, Files Draft Papers To Raise ₹300 Crore Through Fresh Issue",
  "url": "https://urgent.news/2026/09/18/hi-tech-flow-solutions-takes-ipo-route-files-draft-papers-to-raise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T11:24:13.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/hi-tech-flow-solutions-takes-ipo-route-files-draft-papers-to-raise-300-crore-through-fresh-issue"
  },
  "original_language": "en",
  "account": "New Delhi: Hi-Tech Flow Solutions Ltd has submitted initial filings to the Securities and Exchange Board of India to conduct an initial public offering. The IPO will see the issuance of shares amounting to up to ₹300 crore, with additional share sales by the company's promoters and an existing investor, as detailed in the draft prospectus. Joint bookrunners for the IPO include InCred Capital Financial Services, Pantomath Capital Advisors and MUFG Intime India. Promoters Ajay Kumar Bansal and Vipul Bansal will be reducing their stake through the offering. The Wealth Company Alternates Trust–India Inflection Opportunity Fund is also set to divest shares. An exploratory pre-IPO placement of up to ₹60 crore is under consideration, with the remaining funds earmarked for a new API-grade Helical Submerged Arc Welded pipe manufacturing facility to be constructed within the company's existing Nagpur plant. Funds will also go towards debt repayment and general corporate purposes. Established in 1993, Hi-Tech Flow Solutions manufactures and supplies HSAW pipes for pipeline and infrastructure projects, serving customers across 17 Indian states and two Union territories. In FY26, the company reported revenue of ₹417 crore and a net profit of ₹36.4 crore.",
  "summary": "New Delhi: Hi-Tech Flow Solutions Ltd has filed preliminary papers with the Securities and Exchange Board of India to launch an initial public offering. The proposed Hi-Tech Flow Solutions IPO will include a fresh issue of shares worth up to ₹300 crore, along with an offer for sale by the company’s promoters and an existing investor, according to the draft red herring prospectus. Promoters Ajay…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}