Hi-Tech Engineers is planning to bring its Initial Public Offering (IPO). The company has submitted its Draft Red Herring Prospectus (DRHP) to SEBI.
The money raised from the IPO will be used to grow the business and repay existing loans. This Maharashtra-based company makes hydraulic fittings.
Plan to Raise ₹70 Crore Through Fresh Issue
In the IPO, Hi-Tech Engineers plans to issue new shares worth ₹70 crore. Along with this, there will also be an offer for sale (OFS), where the company’s promoters will sell 1.19 crore shares.
The funds raised will be used to expand the company’s three manufacturing units. The company will buy new machines and equipment.
Out of the total, ₹18 crore will be used to repay loans, and the remaining amount will go towards general business needs.
Hydraulic Supplier to Various Industries
As of the end of July 2025, the company had ₹34 crore in fund-based debt and ₹8.2 crore in non-fund-based debt. Hi-Tech Engineers supplies hydraulic components to many industries, including construction, automotive, and agriculture.
It competes with companies like Aeroflex Industries, Dynamatic Technologies, and Yuken India.
Profit Increased to ₹19.6 Crore in FY25
In the financial year 2025, Hi-Tech Engineers made a profit of ₹19.6 crore, which is 69.2% higher than its profit of ₹11.6 crore in the previous year.
The company’s revenue also went up by 17.2%, reaching ₹161.4 crore in FY25. New Berry Capitals has been appointed as the book-running lead manager for the IPO.
