Hy-Tech Engineers IPO Day 2 Subscription Status: 12.65x Subscribed; GMP at ₹23
Hy-Tech Engineers’ IPO was subscribed 12.65 times on Day 2 as of 25 August 2026, up from 7.74 times at the Day 1 close. Retail investors led the major categories at 18.33 times, followed by Non-Institutional Investors (NIIs) at 14.74 times, while Qualified Institutional Buyers (QIBs) stood at 0.55 times. The latest reliably timestamped Grey Market Premium (GMP) was ₹23, although trackers differed at ₹23-₹30. Bidding closes on 27 August 2026.
| Metric | Latest update |
| Bidding day | Day 2 |
| Data status | 25 August 2026 |
| Overall subscription | 12.65x |
| QIB subscription | 0.55x |
| NII subscription | 14.74x |
| Retail subscription | 18.33x |
| Small NII | 25.90x |
| Big NII | 9.17x |
| Reference GMP | ₹23 |
| Observed GMP range | ₹23-₹30 |
| GMP percentage at ₹23 | 43.4% |
| Indicative price at ₹23 GMP | ₹76 |
| Closing date | 27 August 2026 |
Hy-Tech Engineers IPO Day 2 Subscription Status
Hy-Tech Engineers IPO reached 12.65 times overall subscription in the latest available Day 2 snapshot on 25 August 2026. Retail demand continued to lead among the major categories, while NII participation also increased sharply from the first-day close.
| Investor category | Day 2 | Day 1 close | Change |
| Qualified Institutional Buyers | 0.55x | 0.51x | +0.04x |
| Non-Institutional Investors | 14.74x | 8.79x | +5.95x |
| Small NII | 25.90x | 15.20x | +10.70x |
| Big NII | 9.17x | 5.58x | +3.59x |
| Retail Individual Investors | 18.33x | 11.22x | +7.11x |
| Overall | 12.65x | 7.74x | +4.91x |
The strongest multiple was in the small-NII segment at 25.90 times. However, subscription multiples should be viewed alongside category allocations. A smaller reserved pool can reach a high multiple more quickly.
Subscription data measures the quantity of shares bid for relative to shares available. It does not represent the number of unique applicants.
How Subscription Changed From Day 1
Overall demand increased from 7.74 times at the Day 1 close to 12.65 times on Day 2, an absolute rise of 4.91 times.
Retail subscription moved from 11.22 times to 18.33 times, while NII demand climbed from 8.79 times to 14.74 times. Within the NII book, small-NII demand rose particularly sharply to 25.90 times.
QIB participation, in contrast, increased only marginally from 0.51 times to 0.55 times and remained below full subscription. Institutional bids often build later in the bidding period, but the current data does not establish whether that will happen in this issue.
The Day 2 numbers therefore show stronger overall demand than Day 1, but participation remains concentrated mainly in the retail and NII categories.
Hy-Tech Engineers IPO GMP Today and Estimated Listing Price
The latest reliably timestamped Hy-Tech Engineers IPO GMP reading was ₹23 as of early afternoon (12:00 noon to 2:00 p.m. IST) on 25 August 2026. The same tracker had recorded ₹22 on 24 August, implying a ₹1 increase on a like-for-like basis.
However, another established tracker reported a ₹30 GMP in the late morning (11:00 a.m. to 12:00 noon IST) on 25 August 2026. Because grey-market quotes are unofficial and can vary between trackers, the observed Day 2 range is ₹23-₹30 rather than one universally agreed price.
Using the latest ₹23 reference reading and the ₹53 upper price band:
Indicative price = ₹53 + ₹23 = ₹76
GMP percentage = ₹23 ÷ ₹53 × 100 = approximately 43.4%
At the higher ₹30 tracker reading, the indicative price would be ₹83, equivalent to a 56.6% premium over the upper price band.
GMP is unofficial, unregulated, and can change quickly. It is not published by the Securities and Exchange Board of India (SEBI), NSE, or BSE, and it does not guarantee the actual listing price or gains.
What Stands Out in Today’s Bidding
The clearest Day 2 signal is the acceleration in retail and NII demand. Retail subscription increased by 7.11 times from the Day 1 close, while NII subscription rose by 5.95 times. This pushed overall demand further above the shares available.
Two limitations remain important. First, QIB subscription was only 0.55 times in the latest snapshot, so demand was not yet equally strong across the major categories. Second, the ₹23-₹30 GMP range shows meaningful disagreement in the unofficial market.
High subscription does not establish fair valuation, business quality, or future returns. Similarly, a positive GMP does not guarantee a premium listing.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹50-₹53 per share |
| Lot size | 283 shares |
| Minimum retail investment | ₹14,999 |
| Total issue size | ₹135.73 crore |
| Fresh issue | ₹60 crore |
| Offer for Sale (OFS) | ₹75.73 crore |
| Issue type | Book-built mainboard IPO |
| Opening date | 24 August 2026 |
| Closing date | 27 August 2026 |
| Expected listing date | 1 September 2026 |
| Exchange | BSE and NSE |
The minimum retail application is one lot of 283 shares, requiring ₹14,999 at the upper price band of ₹53.
Brief Company and Financial Context
Hy-Tech Engineers manufactures hydraulic fittings used in construction equipment, automobiles, agricultural machinery, injection moulding equipment, and other hydraulic systems. It offers more than 11,000 products and serves customers in India and overseas.
Total revenue increased from ₹166.71 crore in FY2025 to ₹193.44 crore in FY2026, while profit after tax rose from ₹19.62 crore to ₹22.59 crore. From the fresh issue, about ₹29.97 crore is planned for machinery and expansion, while ₹16 crore is earmarked for repayment or prepayment of borrowings. One material risk is customer concentration, with the top 10 customers contributing about 45.32% of FY2026 revenue.
What Happens Next
The IPO remains open until 27 August 2026. Investors can monitor whether QIB participation broadens, whether retail and NII demand continues to rise, and whether the GMP range narrows or changes materially as the issue approaches its closing day.
Frequently Asked Questions (FAQs)
Q: How many times was the Hy-Tech Engineers IPO subscribed on Day 2?
A: Hy-Tech Engineers IPO was subscribed 12.65 times overall in the latest available Day 2 snapshot on 25 August 2026. Retail subscription stood at 18.33 times, NII demand at 14.74 times, and QIB subscription at 0.55 times.
Q: How did Hy-Tech Engineers IPO subscription change from Day 1 to Day 2?
A: Overall subscription increased from 7.74 times at the Day 1 close to 12.65 times on Day 2, a rise of 4.91 times. Retail and NII demand recorded the largest increases, while QIB participation changed only slightly.
Q: What is the Hy-Tech Engineers IPO GMP today?
A: The latest reliably timestamped reference reading was ₹23 on 25 August 2026. Another tracker reported ₹30 earlier the same day, so available grey-market readings differed between ₹ 23 and ₹ 30. GMP is unofficial and can change rapidly.
Q: What listing price does the current Hy-Tech Engineers IPO GMP indicate?
A: Using the ₹23 reference GMP and the ₹53 upper issue price gives an indicative price of ₹76 per share, about 43.4% above the upper band. At a ₹30 GMP, the corresponding indicative price would be ₹83. Neither figure is a listing-price forecast.
Q: Does high subscription guarantee Hy-Tech Engineers shares will list at a premium?
A: No. Subscription multiples measure bid demand relative to shares reserved, while GMP is an unofficial market indicator. High subscription and a positive GMP do not guarantee a premium listing, fair valuation, business performance, or future investment returns.
Disclaimer
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