Summary:
Hy-Tech Engineers IPO subscription surged to 19.31 times on Day 2, driven by overwhelming retail and NII participation. Retail investors subscribed 27.22 times, while NIIs reached 24.54 times and QIBs stood at 0.62 times. The ₹135.73 crore IPO closes on August 27, 2026, with a price band of ₹50–₹53 per share. Strong demand from the ₹2–10 lakh NII category was a key highlight, with subscription reaching 42.03 times. Institutional participation on the final day will be crucial for determining the IPO's final subscription level.
Hy-Tech Engineers, the Thane-based hydraulic fittings manufacturer, saw a massive surge in demand on Day 2 of its ₹135.73 crore mainboard IPO, with overall subscription rocketing to 19.31 times as of the update on August 25, 2026.
IPO Details
| Detail | Information |
|---|---|
| Issue Size | ₹135.73 crore (fresh issue ₹60 crore + OFS ₹75.73 crore) |
| Price Band | ₹50–₹53 per share |
| Lot Size | 283 shares |
| Minimum Investment (Retail) | ₹14,999 |
| Face Value | ₹5 per share |
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 |
| Registrar | Bigshare Services Pvt Ltd |
| Book-Running Lead Manager | New Berry Capitals Pvt Ltd |
Category-wise Breakdown on Day 2
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50,00,680 | 30,80,738 | 0.62 |
| Non Institutional Investors | 39,43,418 | 9,67,78,076 | 24.54 |
| — NII (bids above ₹10 lakh) | 26,28,946 | 4,15,31,948 | 15.80 |
| — NII (bids ₹2–10 lakh) | 13,14,472 | 5,52,46,128 | 42.03 |
| Retail Individual Investors (RIIs) | 92,01,308 | 25,05,01,695 | 27.22 |
| Total | 1,81,45,406 | 35,03,60,509 | 19.31 |
Data as of 25-Aug-2026, 4:57 PM IST, sourced from NSE Consolidated Bid Details (nseindia.com).
Hy-Tech Engineers IPO - Day 2 Subscription Status
As of the update on August 25, 2026, the issue received bids for 35,03,60,509 shares against 1,81,45,406 shares on offer, taking overall subscription to 19.31 times. Retail Individual Investors led the charge at 27.22 times, followed closely by Non-Institutional Investors at 24.54 times, while Qualified Institutional Buyers stayed comparatively muted at 0.62 times.
What Day 2 Numbers Indicate
Subscription exploding from 6.72 times on Day 1 to over 19 times by Day 2 points to a dramatic surge in both retail and NII appetite for the issue, likely driven by continued interest in the company's niche hydraulic fittings business and strong FY26 return ratios. Within the NII category, the ₹2–10 lakh bracket (42.03x) massively outpaced the above-₹10-lakh bracket (15.80x), suggesting smaller HNIs are piling in far more aggressively than larger applicants. With QIB bidding still below the 1x mark, institutional demand — which typically surges only in the closing hours of mainboard issues — remains the key swing factor for the final subscription figure by close on August 27.
Hy-Tech Engineers IPO - Timetable
| Event | Date |
|---|---|
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 |
| Allotment Finalisation | August 28, 2026 |
| Refund Initiation | August 28, 2026 |
| Demat Credit | August 31, 2026 |
| Listing Date | September 1, 2026 |
| Listing Exchanges | BSE, NSE |
Should You Apply for Hy-Tech Engineers IPO?
Incorporated in 1978 and headquartered in Thane, Maharashtra, Hy-Tech Engineers is an engineering company engaged in the design, manufacture, and supply of hydraulic fittings, with a product portfolio spanning DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal fittings, conversion fittings, and customer-specific fittings. As of March 2026, the company offered more than 11,000 SKUs catering to industries such as construction machinery, automotive, farming machinery, and injection moulding machinery. Revenue grew 16% year-on-year to ₹193.44 crore in FY26, with profit after tax rising 15% to ₹22.59 crore and Return on Capital Employed at a healthy 24.40%.
Investors considering the issue should weigh the company's long operating history, broad product range, and strong ROCE against risks such as raw material price volatility and execution risk tied to its expansion plans across the Kavathe, Shirwal, and Pithampur units. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers alone.
How to Apply for Hy-Tech Engineers IPO
Investors can apply for the Hy-Tech Engineers IPO through ASBA via their bank's net banking portal, via UPI-based ASBA through their stock broker's trading app, or offline by submitting a physical ASBA form through their broker. The minimum lot size is 283 shares, requiring a minimum investment of approximately ₹14,999 at the upper price band, with retail investors eligible to apply for up to 13 lots.
How to Check Hy-Tech Engineers IPO Subscription Status
How to check Hy-Tech Engineers IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Hy-Tech Engineers" or enter the symbol HTEL.
- Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
- The page refreshes periodically to show live bidding figures during market hours.
How to check Hy-Tech Engineers IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Hy-Tech Engineers Limited" from the list of active issues.
- View category-wise and overall subscription figures, updated through the bidding window.
How to check Hy-Tech Engineers IPO Subscription Status on Ventura?
Ventura clients can track real-time subscription status for the Hy-Tech Engineers IPO directly within the IPO section of the Ventura app or web platform, alongside category-wise bid data and allotment updates — without needing to switch between exchange websites.
IPO Subscription History
Previous Day Subscription
The issue opened with strong retail-led demand on Day 1, closing at 6.72 times overall subscription, with Retail Individual Investors at 10.02 times and Non-Institutional Investors at 6.93 times, while QIB demand stayed muted at 0.50 times.
Conclusion
Hy-Tech Engineers' IPO saw explosive momentum on Day 2, with overall subscription surging past 19 times on the back of overwhelming retail and NII interest. With two more days of bidding ahead until the issue closes on August 27, institutional demand will be the key factor to watch, as QIB bidding typically sees a sharp final-day surge in mainboard issues.
