# Hy Tech Engineers Limited: IPO analysis > Hy Tech Engineers Limited (CIN U99999MH1978PLC020853) has filed a Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of ₹60 Cr and an offer for sale of ₹76 Cr, priced at ₹50.00 to ₹53.00 per share. In FY26 it reported revenue of ₹189 Cr (+17.4% on FY25) and a net profit of ₹23 Cr. Promoters hold 98.0% before the IPO. Our fact-check of its claims found no medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U99999MH1978PLC020853/hy-tech-engineers-limited/ - CIN: U99999MH1978PLC020853 - Last updated: 28 Aug 2026 ## Key facts - **Company:** Hy Tech Engineers Limited - **CIN:** U99999MH1978PLC020853 - **Filing stage:** RHP - **Latest SEBI filing:** 28 Aug 2026 - **Fresh issue:** ₹60 Cr - **Offer for sale:** ₹76 Cr - **Price band:** ₹50.00 to ₹53.00 per share - **Final offer price:** ₹53.00 per share - **Bidding opens:** 24 Aug 2026 - **Bidding closes:** 27 Aug 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹189 Cr - **Revenue growth:** +17.4% - **Net profit FY26:** ₹23 Cr - **Revenue CAGR FY24 to FY26:** 17.3% - **Promoter holding (pre-IPO):** 98.0% - **Lead managers:** New Berry Capitals Private Limited - **Registrar:** Bigshare Services Private Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 22.3x P/E. At the top of the band, on FY26 profit; 4.1x book value. - **Growth** (look closer): 17.3% a year. Sales FY24 to FY26; latest year +17.4%. - **Profitability** (looks fine): 11.9% net margin. FY26; operating margin steady. - **Debt** (looks fine): 0.24x equity. ₹29.8 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): 134% of profit. Operations brought in ₹30.3 crore against ₹22.6 crore of profit in FY26. - **One-off income** (look closer): 13% of profit. Other and one-off income is 13% of pre-tax profit. - **Where the money goes** (look closer): 56% for sale. 44% is new shares issued by the company. 73% of the new money repays debt. - **Red flags** (looks fine): None serious. 40 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 138 | 161 | 189 | | Sales growth | – | 17.2% | 17.4% | | Operating profit | 23 | 36 | 42 | | Operating margin | 16.4% | 22.2% | 22.0% | | Net profit | 12 | 20 | 23 | | Net margin | 8.4% | 12.2% | 11.9% | | Net worth | 82 | 101 | 122 | | Borrowings | 41 | 44 | 30 | | Return on equity | 14.1% | 19.4% | 18.5% | ## Use of proceeds (fresh issue) - Funding capital expenditure requirement of our Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by our Company: ₹16 crore - General corporate purposes (1): ₹6.0 crore ## Fact-checked claims - **NONE** (LitigationStatus): Thane Unit has a Certificate of Verification dated February 16, 2026, under the Legal Metrology Act 2009.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the certificate of verification mentioned in the claim. - **NONE** (LitigationStatus): Thane Unit has a Final fire no objection certificate dated June 26, 2025, issued by a Fire Officer.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Thane Unit has a Final fire no objection certificate dated June 26, 2025. - **NONE** (LitigationStatus): Thane Unit has a Consent to operate dated March 12, 2026, issued by the Maharashtra Pollution Control Board under various environmental acts.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Thane Unit has a Consent to operate dated March 12, 2026, issued by the Maharashtra Pollution Control Board. - **NONE** (LitigationStatus): Thane Unit has a registration of factory and related license to operate a factory dated January 14, 2026, issued by the Directorate of Industrial Safety and Health (Labour Department), Maharashtra Government.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the factory registration date mentioned in the claim. - **NONE** (LitigationStatus): A fresh certificate of incorporation dated March 23, 2022, was issued to the Company by the Registrar of Companies, Maharashtra at Mumbai, pursuant to the conversion from private limited to public limited.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the certificate of incorporation for Hy Tech Engineers Limited. - **NONE** (PromoterBackground): Satish Prabhakar Kulkarni is an Independent Director and has been associated with the Company since June 30, 2022.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Satish Prabhakar Kulkarni is an Independent Director and has been associated with Hy Tech Engineers Limited since June 30, 2022. - **NONE** (PromoterBackground): Vivek Sadashiv Patwardhan is an Independent Director and has been associated with the Company since September 16, 2021.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Vivek Sadashiv Patwardhan is an Independent Director and has been associated with Hy Tech Engineers Limited since September 16, 2021. - **NONE** (PromoterBackground): Ashwin Hemant Mondkar is the Non-Executive Director and has been associated with the Company since May 27, 2021.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Ashwin Hemant Mondkar is the Non-Executive Director and has been associated with the company since May 27, 2021. - **NONE** (PromoterBackground): Surekha Hemant Mondkar is the Whole-time Director and has been associated with the Company since 2021.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Surekha Hemant Mondkar is the Whole-time Director and has been associated with the company since 2021. - **NONE** (SubsidiaryPerformance): Clause V of the MoA was further amended on February 06, 2025 to reflect the sub-division of equity shares from ₹52,00,00,000 divided into 5,20,00,000 equity shares of ₹10 each to ₹52,00,00,000 divided into 10,40,00,000 Equity Shares of ₹5 each.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim made about the amendment to Clause V of the MoA for Hy Tech Engineers Limited. - **NONE** (SubsidiaryPerformance): Clause V of the MoA was amended on February 06, 2025 to reflect the increase in the authorized share capital from ₹35,00,00,000 divided into 3,50,00,000 equity shares of ₹10 each to ₹52,00,00,000 divided into 5,20,00,000 equity shares of ₹10 each.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the amendment of Clause V of the MoA for Hy Tech Engineers Limited. - **NONE** (SubsidiaryPerformance): Clause V of the MoA was amended on February 24, 2022 to reflect the increase in the authorized share capital from ₹75,00,000 divided into 7,50,000 equity shares of ₹10 each to ₹35,00,00,000 divided into 3,50,00,000 equity shares of ₹10 each.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim made about the amendment of Clause V of the MoA for Hy Tech Engineers Limited. ## Common questions ### How big is the Hy Tech Engineers Limited IPO? Hy Tech Engineers Limited's IPO comprises a fresh issue of ₹60 Cr and an offer for sale of ₹76 Cr, according to its Red Herring Prospectus. The price band was ₹50.00 to ₹53.00 per share and the final offer price was ₹53.00 per share. ### What are Hy Tech Engineers Limited's revenue and profit? Hy Tech Engineers Limited reported revenue from operations of ₹189 Cr in FY26, +17.4% versus FY25. Net profit was ₹23 Cr (FY25: ₹20 Cr). Revenue grew at a compound rate of 17.3% a year from FY24 to FY26. Figures are read from the RHP, as printed there. ### How much do promoters own in Hy Tech Engineers Limited? Promoters hold 98.0% of Hy Tech Engineers Limited before the IPO. ### How will Hy Tech Engineers Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding capital expenditure requirement of our Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and Pithampur Unit-I Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by our Company (₹16 Cr); General corporate purposes (₹6.0 Cr). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Hy Tech Engineers Limited's RHP? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Hy Tech Engineers Limited do? The biggest red flag in the Hy Tech Engineers Limited IPO? There is absolutely no verifiable record—no web search results—to corroborate, contradict, or even update the existence of the certificate of verification they claim to possess. ### Who manages the Hy Tech Engineers Limited IPO? Book running lead managers: New Berry Capitals Private Limited. Registrar to the offer: Bigshare Services Private Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Hy Tech Engineers Limited IPO documents? All 1 filing for Hy Tech Engineers Limited (RHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Hy Tech Engineers Limited - Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1787913136327.pdf) (Red Herring Prospectus, filed 28 Aug 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.