Hy-Tech Engineers Ltd IPO
Status: Closed
Overview
IPO date
24 Aug 2026 to 27 Aug 2026
Face value
₹ 5 per share
Price
₹ 50 to ₹53 per share
Issue Size
25,610,204 shares
(aggregating up to ₹ 135.73 Cr)
(aggregating up to ₹ 135.73 Cr)
Allotment Date
28 Aug 2026
Listing at
NSE
Issue type
Book Building
Sector
Capital Goods-Non Electrical Equipment
Unlock Stock of the Month
T&C*
Strengths vs Risks of Hy-Tech Engineers Ltd
Know the pros & cons
Strengths
- Integrated operations and product development capabilities.
- Diversified customer base with wide market reach.
- Established global presence with access to growing international markets.
- Experienced leadership, deep market understanding and industry credibility.
- Decentralized cell-based manufacturing model.
Risks
- The company is dependent on a few customers for a major portion of its revenues with the company's top 10 customers contributing to 45.32%, 42.02% and 48.72% of its revenue from operations in the Fiscals 2026, 2025 and 2024, respectively. Further, the company does not enter into long-term arrangements with its customers and any failures to continue its existing arrangements with such customers could adversely affect the company's business, financial condition results of operations and cash flows.
- The company derives a significant portion of revenue from operations from exports, which accounted for 29.37%, 28.30% and 33.14% of the company's total revenue in Fiscal 2026, 2025 and 2024, respectively. Out of which a substantial portion was generated from the United States of America, which contributed 21.42%, 22.85% and 24.56% of its total revenues during the same period. Fluctuation in exchange rates, any adverse developments in these markets or restrained economic or political relations of India with the United States of America could adversely affect its business.
- In the Fiscal 2024, the company has experienced negative year on year growth in the company's profit after tax. Its may be unable to manage the company's growth and expansion operations or to successfully implement its business plan and growth strategies in a timely manner or within budget estimates, which could materially and adversely affect the company's business, results of operations and financial condition.
- Four out of the company's six Manufacturing Facilities are located in Maharashtra, India and the balance two in Madhya Pradesh. Its derived 77.64%, 77.27% and 77.43% of the company's revenue from operations during Fiscals 2026, 2025 and 2024, respectively, from the Manufacturing Facilities located in the state of Maharashtra. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in the state of Maharashtra or Madhya Pradesh where its other Manufacturing Facilities are concentrated could have an adverse effect on the company's business, results of operations and financial condition.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- The company is dependent on its suppliers for raw materials used in the company's manufacturing processes with its top 10 suppliers contribution to 65.61%, 54.78% and 65.49% of the company's total purchases in the Fiscal 2026, 2025 and 2024, respectively. Any shortages, delay or disruption in the supply of the raw materials its used in the company's manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company derives a significant portion of its revenue from operations from direct sales to the company's customers, with such direct sales contributing to 88.42%,88.60% and 90.64% of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any adverse changes in this distribution channel could adversely impact the company's business, results of operations and financial condition.
- While the company caters to multiple industry segments, a significant portion of its revenue comes from construction machinery, farming and automotive industry segments, which collectively contributed 54.82%, 52.33% and 54.55% of the company's revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Its may be affected by any reduction in the demand or requirement of products in such industries which can adversely impact the company's business, financial condition, results of operations, cash flows and prospects.
- The company depends on third party logistic providers for transportation of the company's products. Any disruption, accident or delay in transportation, by such logistic providers may hamper its supply chain and impact the company's financial performance.
- The company has not placed orders in relation to purchase of machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- A significant portion of the company's domestic revenues are derived from the western and central zones and any adverse developments in this market could adversely affect its business.
- The company's Erstwhile Subsidiary, Hy-Tech ACR Private Limited, had incurred losses and witnessed negative operating cash flows (on standalone basis) in the last three Fiscals.
- The objects of the Offer for which funds have been raised and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution. The deployment of funds is entirely at the discretion of the company's management and as per the details mentioned in the section titled "Objects of the Offer". Any revision in the estimates may requires it to reschedule the company's expenditure and may have a bearing on its expected revenues and earnings. Further, if there are any delays or cost overruns, its business, financial condition and results of operations may be adversely affected.
- The company's promoter group member, Hy-Tech USA Inc. is engaged in a line of business similar to its. Any conflict of interest which may occur as a result could adversely affect the company's business, prospects, results of operations and financial condition.
- An increase in the cost of or a shortfall in the availability of raw materials such as carbon steel or stainless steel from the company's suppliers due to any reason could have a material adverse effect on its business, results of operations, cash flows and financial condition as the company may not be able to pass on such costs to its customers.
- The company's existing manufacturing facilities are critical to its business operations. The unexpected shutdown or slowdown of operations at any of the company's manufacturing facilities could have a material adverse effect on its business, results of operations, cash flows and financial condition.
- The company is in the process of undertaking certain expansion activities which may not materialize as expected or at all which in turn may have an adverse impact on its business and financial condition.
- The company extends credit to certain of its customers including the company's related parties. There is no assurance that its will be able to receive the same in a timely manner or receive the same at all. Any delay or non-receipt of outstanding amount will impact the company's financials.
- The company is unable to trace some of its historical records and regulatory filings of the Company. Further, there have been certain inadvertent errors or inaccuracies in the filings made with the RoC. Its cannot assure you that legal proceedings or regulatory actions will not be initiated against it in the future, which could adversely affect the company's financial condition and reputation.
- The company's registered and corporate office as well as majority of its Manufacturing Facilities are located on leased properties. There can be no assurance that these lease agreements shall be renewed upon termination or that its shall be able to obtain other premises on lease on same or similar commercial terms, which could adversely affect the company's business, results from operations, financial conditions and cash flows.
- The company may be unable to obtain, renew or maintain statutory and regulatory permits, licenses and approvals required to operates its business and operate the company's manufacturing facilities which could have an adverse effect on its business, result of operations, financial condition and cash flows.
- The company is subject to strict quality requirements, regular inspections by its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations and financial condition.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the Shareholders.
- The company is highly dependent on its Promoters, the company's Key Managerial Personnel and its Senior Management. Any inability on the company's part to retain or recruit skilled personnel could adversely affect its business, results of operations and financial condition.
- Changes in international trade policies, geopolitics and trade tariffs, export controls, economic or trade sanctions may materially and adversely affect the company's business, financial condition, cash flows and results of operations.
- The company requires sizeable amounts of working capital for its continued operation and growth. The company's inability to meet its working capital requirements could have a material adverse effect on the company's business, results of operations and financial condition. Further, any surplus production on account of inaccurate forecasting of customer requirements and failures to manage inventory could adversely affect its business, results of operations and financial condition.
- There are outstanding litigations involving the Company, Promoters and its Directors. Any adverse outcome in any of these proceedings may adversely affect the company's reputation, results of operations and financial condition.
- The company's insurance coverage on its own assets may be inadequate to protect it against all potential losses, which may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company faces competition from national and local players and its inability to compete effectively may have a material adverse impact on the company's business, results of operations and financial condition.
- The company is exposed to a significant risk from exchange rate fluctuations. If the company fails to manage its foreign currency risk, the company's business, results of operations and financial condition may be materially and adversely affected.
- The company has significant dependence on power and fuel for its manufacturing operations and any disruption or shortage of utilities could disrupt the company's manufacturing operations and increase its production costs, which could adversely affect the company's results of operations.
- The company is required to comply with certain restrictive covenants under its financing agreements. Any noncompliance may lead to, amongst others, accelerated repayment schedule, enforcement of security and suspension of further drawdowns, which may adversely affect its business, results of operations, financial condition and cash flows.
- Apart from the company's director Satish Prabhakar Kulkarni, none of its other Directors have any prior experience of directorship in listed companies.
- Information relating to the installed capacity, actual production and capacity utilization of the company's Manufacturing Facilities included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
- There have been certain delay in payment of statutory dues by the Company in the past. Any delay in payment of statutory dues by the Company in future, may result in the imposition of penalties and in turn may have as adverse effect on the Company's business, financial condition, results of operation and cash flows.
- There can be no assurance that the objects of the Offer will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
- Any disruption or failure of the company's technology systems may adversely affect its business and operations. Additionally, challenges in implementation of new technologies for the company's operations could be significant.
- Certain sections of this Red Herring Prospectus disclose information from the CARE Report which has been prepared exclusively for the Offer and commissioned by the Company and paid for by the Company exclusively in connection with the Offer, and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The requirements of being a publicly listed company may strain its resources.
- The company's failure to maintain optimum inventory levels could adversely affect its business, financial condition, results of operation and cash flow.
- The company's Promoter has extended personal guarantee in connection with some of its debt facilities granted to the Company. There can be no assurance that such personal guarantee will be continued to be provided by the company's Promoters in future or can be called at any time, affecting the financial arrangements.
- Post the filing of the Draft Red Herring Prospectus, a claim has been made against the Company. There is no assurance that the claimant will not initiate legal or other proceedings against the Company, which may adversely affect its reputation and business or requires it to incur expenditure in defending such proceedings.
- The company operates in a competitive and fragmented industry with low barriers to entry and may be unable to compete with a range of unorganized sector.
- Activities involving the company's manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of its production units may adversely affect the company's production schedules, costs, revenue and ability to meet customer demand.
- The company's business may be impacted by disruptions, shifting customer preferences, and cost-related factors within the industries the company's serve. Its profitability, business and commercial success is significantly dependent on the company's ability to anticipate evolving industry trends and customer requirements and utilize its resources to enhance and develop the company's products that efficiently satisfy and meet its customer's specific requirements in a timely manner. Any failures on the company's part to do so, may have an impact on the reputation of its products, which could have an adverse effect on the company's revenue, reputation, financial conditions, results of operations and cash flows.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately report, the company's financial risks. Despite its internal control systems, the company may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect its reputation, business, financial condition, results of operations and cash flows.
- If the company is unable to maintain and enhance its brand, including the company's ability to protect its brand through intellectual property, the sales of the company's products will suffer, which would have a material adverse effect on its results of operations.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
- If we fail to effectively implement our production schedules, our business and results of operations may be materially and adversely affected.
- The information included in this Red Herring Prospectus in relation to our listed peers may not be comparable and it may be difficult to benchmark and evaluate our financial performance against other operators who operate in the same industry as us.
- We have in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to our operations and financial performance that may vary from any standard methodology that is applicable across the industry we operate.
- Accidents and natural disasters could result in the slowdown or stoppage of our business and could also cause us to incur liabilities arising from human fatalities and damage to property.
- Fraud or misconduct by our employees could adversely affect our reputation, business, results of operations and financial condition.
- Our future fund requirements, in the form of further issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
- Our ability to pay dividends in the future will depend on our future cash flows, working capital requirements, capital expenditures and financial condition.
Hy-Tech Engineers Ltd Peer Comparison
Understand the company’s industry standing
Hy-Tech Engineers Ltd
Aeroflex Industries Limited
Dynamatic Technologies Limited
Face Value
5
2
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
189.404
441.935
1621.34
EPS-Basis
2.7
4.28
47.73
EPS-Diluted
2.7
4.28
47.73
NAV Per Share
14.61
33.8
1168.41
P/E-Basic EPS
19.63
107.04
230.32
P/E-Diluted EPS
---
---
---
RONW(%)
20.24
14.06
7.89
Latest NAV Period
---
---
---
Latest NAV
---
---
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The IPO opens on 24 Aug 2026 & closes on 27 Aug 2026.
Hy-Tech Engineers Limited was incorporated as Hy-Tech Engineers Private Limited', dated December 18, 1978, issued by Registrar of Companies, Maharashtra at Mumbai. Subsequently, Company was converted into a public Company and the name was changed to Hy-Tech Engineers Limited' and a fresh certificate of Incorporation dated March 23, 2022 was issued by the RoC.
The Company is engaged in the the design, manufacture and supply of Hydraulic fittings for auto and industrial sector. The product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings and conversion fittings, as well as fittings customized to customer specifications.
The Company began operations by setting up a unit in Pune, Maharashtra in 1987. It set up the Thane unit in 2005, established the Pithampur Unit I in Madhya Pradesh in 2008, the Shirwal Unit in Maharashtra in 2010. The Company acquired the erstwhile subsidiary, Sagar Forge Private Limited, which was merged with the Company via Scheme of Arrangement in 2014. It further began operations at Nashik Unit previously operated by Sagar Forge Private Limited. In 2021, Company set up the Unit-II at Pithampur in Madhya Pradesh in 2021 and Kavathe Unit in Maharashtra in 2022-23.
Company is planning the initial public offer by raising money of Rs 70 Cr equity shares of face value Rs 5 each via fresh issue and by issuing 11,933,120 equity shares thru' offer for sale.
Hy-Tech Engineers Ltd IPO will close on 27 Aug 2026.
- Integrated operations and product development capabilities.
- Diversified customer base with wide market reach.
- Established global presence with access to growing international markets.
- Experienced leadership, deep market understanding and industry credibility.
- Decentralized cell-based manufacturing model.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Hemant Tukaram Mondkar | 54137840 | 64.81 | 45156879 | 47.61 |
| 2 | Surekha Hemant Mondkar jointl | 20737920 | 24.83 | 15429431 | 16.27 |
| 3 | Ashwin Hemant Mondkar | 6976080 | 8.35 | 6976080 | 7.35 |
- The company is dependent on a few customers for a major portion of its revenues with the company's top 10 customers contributing to 45.32%, 42.02% and 48.72% of its revenue from operations in the Fiscals 2026, 2025 and 2024, respectively. Further, the company does not enter into long-term arrangements with its customers and any failures to continue its existing arrangements with such customers could adversely affect the company's business, financial condition results of operations and cash flows.
- The company derives a significant portion of revenue from operations from exports, which accounted for 29.37%, 28.30% and 33.14% of the company's total revenue in Fiscal 2026, 2025 and 2024, respectively. Out of which a substantial portion was generated from the United States of America, which contributed 21.42%, 22.85% and 24.56% of its total revenues during the same period. Fluctuation in exchange rates, any adverse developments in these markets or restrained economic or political relations of India with the United States of America could adversely affect its business.
- In the Fiscal 2024, the company has experienced negative year on year growth in the company's profit after tax. Its may be unable to manage the company's growth and expansion operations or to successfully implement its business plan and growth strategies in a timely manner or within budget estimates, which could materially and adversely affect the company's business, results of operations and financial condition.
- Four out of the company's six Manufacturing Facilities are located in Maharashtra, India and the balance two in Madhya Pradesh. Its derived 77.64%, 77.27% and 77.43% of the company's revenue from operations during Fiscals 2026, 2025 and 2024, respectively, from the Manufacturing Facilities located in the state of Maharashtra. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in the state of Maharashtra or Madhya Pradesh where its other Manufacturing Facilities are concentrated could have an adverse effect on the company's business, results of operations and financial condition.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- The company is dependent on its suppliers for raw materials used in the company's manufacturing processes with its top 10 suppliers contribution to 65.61%, 54.78% and 65.49% of the company's total purchases in the Fiscal 2026, 2025 and 2024, respectively. Any shortages, delay or disruption in the supply of the raw materials its used in the company's manufacturing process may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company derives a significant portion of its revenue from operations from direct sales to the company's customers, with such direct sales contributing to 88.42%,88.60% and 90.64% of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any adverse changes in this distribution channel could adversely impact the company's business, results of operations and financial condition.
- While the company caters to multiple industry segments, a significant portion of its revenue comes from construction machinery, farming and automotive industry segments, which collectively contributed 54.82%, 52.33% and 54.55% of the company's revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Its may be affected by any reduction in the demand or requirement of products in such industries which can adversely impact the company's business, financial condition, results of operations, cash flows and prospects.
- The company depends on third party logistic providers for transportation of the company's products. Any disruption, accident or delay in transportation, by such logistic providers may hamper its supply chain and impact the company's financial performance.
- The company has not placed orders in relation to purchase of machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- A significant portion of the company's domestic revenues are derived from the western and central zones and any adverse developments in this market could adversely affect its business.
- The company's Erstwhile Subsidiary, Hy-Tech ACR Private Limited, had incurred losses and witnessed negative operating cash flows (on standalone basis) in the last three Fiscals.
- The objects of the Offer for which funds have been raised and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution. The deployment of funds is entirely at the discretion of the company's management and as per the details mentioned in the section titled "Objects of the Offer". Any revision in the estimates may requires it to reschedule the company's expenditure and may have a bearing on its expected revenues and earnings. Further, if there are any delays or cost overruns, its business, financial condition and results of operations may be adversely affected.
- The company's promoter group member, Hy-Tech USA Inc. is engaged in a line of business similar to its. Any conflict of interest which may occur as a result could adversely affect the company's business, prospects, results of operations and financial condition.
- An increase in the cost of or a shortfall in the availability of raw materials such as carbon steel or stainless steel from the company's suppliers due to any reason could have a material adverse effect on its business, results of operations, cash flows and financial condition as the company may not be able to pass on such costs to its customers.
- The company's existing manufacturing facilities are critical to its business operations. The unexpected shutdown or slowdown of operations at any of the company's manufacturing facilities could have a material adverse effect on its business, results of operations, cash flows and financial condition.
- The company is in the process of undertaking certain expansion activities which may not materialize as expected or at all which in turn may have an adverse impact on its business and financial condition.
- The company extends credit to certain of its customers including the company's related parties. There is no assurance that its will be able to receive the same in a timely manner or receive the same at all. Any delay or non-receipt of outstanding amount will impact the company's financials.
- The company is unable to trace some of its historical records and regulatory filings of the Company. Further, there have been certain inadvertent errors or inaccuracies in the filings made with the RoC. Its cannot assure you that legal proceedings or regulatory actions will not be initiated against it in the future, which could adversely affect the company's financial condition and reputation.
- The company's registered and corporate office as well as majority of its Manufacturing Facilities are located on leased properties. There can be no assurance that these lease agreements shall be renewed upon termination or that its shall be able to obtain other premises on lease on same or similar commercial terms, which could adversely affect the company's business, results from operations, financial conditions and cash flows.
- The company may be unable to obtain, renew or maintain statutory and regulatory permits, licenses and approvals required to operates its business and operate the company's manufacturing facilities which could have an adverse effect on its business, result of operations, financial condition and cash flows.
- The company is subject to strict quality requirements, regular inspections by its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations and financial condition.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the Shareholders.
- The company is highly dependent on its Promoters, the company's Key Managerial Personnel and its Senior Management. Any inability on the company's part to retain or recruit skilled personnel could adversely affect its business, results of operations and financial condition.
- Changes in international trade policies, geopolitics and trade tariffs, export controls, economic or trade sanctions may materially and adversely affect the company's business, financial condition, cash flows and results of operations.
- The company requires sizeable amounts of working capital for its continued operation and growth. The company's inability to meet its working capital requirements could have a material adverse effect on the company's business, results of operations and financial condition. Further, any surplus production on account of inaccurate forecasting of customer requirements and failures to manage inventory could adversely affect its business, results of operations and financial condition.
- There are outstanding litigations involving the Company, Promoters and its Directors. Any adverse outcome in any of these proceedings may adversely affect the company's reputation, results of operations and financial condition.
- The company's insurance coverage on its own assets may be inadequate to protect it against all potential losses, which may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company faces competition from national and local players and its inability to compete effectively may have a material adverse impact on the company's business, results of operations and financial condition.
- The company is exposed to a significant risk from exchange rate fluctuations. If the company fails to manage its foreign currency risk, the company's business, results of operations and financial condition may be materially and adversely affected.
- The company has significant dependence on power and fuel for its manufacturing operations and any disruption or shortage of utilities could disrupt the company's manufacturing operations and increase its production costs, which could adversely affect the company's results of operations.
- The company is required to comply with certain restrictive covenants under its financing agreements. Any noncompliance may lead to, amongst others, accelerated repayment schedule, enforcement of security and suspension of further drawdowns, which may adversely affect its business, results of operations, financial condition and cash flows.
- Apart from the company's director Satish Prabhakar Kulkarni, none of its other Directors have any prior experience of directorship in listed companies.
- Information relating to the installed capacity, actual production and capacity utilization of the company's Manufacturing Facilities included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
- There have been certain delay in payment of statutory dues by the Company in the past. Any delay in payment of statutory dues by the Company in future, may result in the imposition of penalties and in turn may have as adverse effect on the Company's business, financial condition, results of operation and cash flows.
- There can be no assurance that the objects of the Offer will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
- Any disruption or failure of the company's technology systems may adversely affect its business and operations. Additionally, challenges in implementation of new technologies for the company's operations could be significant.
- Certain sections of this Red Herring Prospectus disclose information from the CARE Report which has been prepared exclusively for the Offer and commissioned by the Company and paid for by the Company exclusively in connection with the Offer, and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The requirements of being a publicly listed company may strain its resources.
- The company's failure to maintain optimum inventory levels could adversely affect its business, financial condition, results of operation and cash flow.
- The company's Promoter has extended personal guarantee in connection with some of its debt facilities granted to the Company. There can be no assurance that such personal guarantee will be continued to be provided by the company's Promoters in future or can be called at any time, affecting the financial arrangements.
- Post the filing of the Draft Red Herring Prospectus, a claim has been made against the Company. There is no assurance that the claimant will not initiate legal or other proceedings against the Company, which may adversely affect its reputation and business or requires it to incur expenditure in defending such proceedings.
- The company operates in a competitive and fragmented industry with low barriers to entry and may be unable to compete with a range of unorganized sector.
- Activities involving the company's manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of its production units may adversely affect the company's production schedules, costs, revenue and ability to meet customer demand.
- The company's business may be impacted by disruptions, shifting customer preferences, and cost-related factors within the industries the company's serve. Its profitability, business and commercial success is significantly dependent on the company's ability to anticipate evolving industry trends and customer requirements and utilize its resources to enhance and develop the company's products that efficiently satisfy and meet its customer's specific requirements in a timely manner. Any failures on the company's part to do so, may have an impact on the reputation of its products, which could have an adverse effect on the company's revenue, reputation, financial conditions, results of operations and cash flows.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately report, the company's financial risks. Despite its internal control systems, the company may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect its reputation, business, financial condition, results of operations and cash flows.
- If the company is unable to maintain and enhance its brand, including the company's ability to protect its brand through intellectual property, the sales of the company's products will suffer, which would have a material adverse effect on its results of operations.
- The company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
- If we fail to effectively implement our production schedules, our business and results of operations may be materially and adversely affected.
- The information included in this Red Herring Prospectus in relation to our listed peers may not be comparable and it may be difficult to benchmark and evaluate our financial performance against other operators who operate in the same industry as us.
- We have in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to our operations and financial performance that may vary from any standard methodology that is applicable across the industry we operate.
- Accidents and natural disasters could result in the slowdown or stoppage of our business and could also cause us to incur liabilities arising from human fatalities and damage to property.
- Fraud or misconduct by our employees could adversely affect our reputation, business, results of operations and financial condition.
- Our future fund requirements, in the form of further issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
- Our ability to pay dividends in the future will depend on our future cash flows, working capital requirements, capital expenditures and financial condition.
The Issue type of Hy-Tech Engineers Ltd is Book Building.
The minimum application for shares of Hy-Tech Engineers Ltd is 283.
The total shares issue of Hy-Tech Engineers Ltd is 25610204.
Initial public offer of 25,610,204 equity shares of face value of Rs. 5 each ("Equity Shares") of Hy-Tech Engineers Limited ("Company" ) for cash at a price of Rs. 53 per equity share (Including a share Premium of Rs. 48 Per Equity Share) (The "Offer Price") aggregating to Rs. 135.73 Crores ("The Offer") comprising a fresh issue of 11,320,754 equity shares aggregating to Rs. 60.00 crores by the company (The "Fresh Issue") and an offer for sale of 14,289,450 equity shares consisting of 8,980,961 equity shares of face value of Rs. 5 each aggregating to Rs. 47.60 Crores by Hemant Tukaram Mondkar and 5,308,489 equity shares of face value of Rs. 5 each by Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar aggregating to Rs. 28.14 Crores (Collectively Referred to as the "Promoter Selling Shareholders" And Such Equity Shares Offered By The Promoter Selling Shareholders, "Offered Shares"). The offer shall constitute up to 27.00% of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 53 per equity share of face value of Rs. 5 each.
The floor price 10.60 times the face value of the equity shares, respectively.
Bids can be made for a minimum of 283 equity shares of face value of Rs. 5 each and in multiples of 283 equity shares of face value of Rs. 5 each thereafter.