Hy-Tech Engineers IPO Day 3 Subscription Status: 43.05x Subscribed; GMP at ₹40
Hy-Tech Engineers’ IPO was subscribed 43.05 times on Day 3 as of the afternoon (2:00 p.m. to 3:30 p.m. IST) on 26 August 2026, up from 19.31 times at the Day 2 close. Non-Institutional Investors (NIIs) led demand at 67.25 times, followed by retail investors at 55.65 times. Qualified Institutional Buyers (QIBs) were at 0.76 times. The latest Grey Market Premium (GMP) reading was ₹40, although trackers showed a ₹30-₹40 range. The issue remains open until 27 August 2026.
| Metric | Latest update |
| Bidding day | Day 3, interim |
| Data status | Afternoon (2:00 p.m. to 3:30 p.m. IST) on 26 August 2026 |
| Overall subscription | 43.05x |
| QIB subscription | 0.76x |
| NII subscription | 67.25x |
| Retail subscription | 55.65x |
| Latest GMP | ₹40 |
| Observed GMP range | ₹30-₹40 |
| GMP percentage at ₹40 | 75.5% |
| Indicative price at ₹40 GMP | ₹93 |
| Closing date | 27 August 2026 |
Hy-Tech Engineers IPO Day 3 Subscription Status
Hy-Tech Engineers IPO reached 43.05 times overall subscription in the latest verified Day 3 snapshot. Demand has accelerated significantly from the Day 2 close, led by the NII and retail categories.
| Investor category | Day 3 interim | Day 2 close | Change |
| Qualified Institutional Buyers | 0.76x | 0.62x | +0.14x |
| Non-Institutional Investors | 67.25x | 24.54x | +42.71x |
| Retail Individual Investors | 55.65x | 27.22x | +28.43x |
| Overall | 43.05x | 19.31x | +23.74x |
NII subscription has recorded the largest absolute increase, rising by 42.71 times from the Day 2 close. Retail demand has also more than doubled from its previous closing level.
QIB participation has increased from 0.62 times to 0.76 times but remains below full subscription in this interim snapshot. Institutional bidding often develops later in an IPO’s bidding period, but the current figures do not establish how that category will finish.
Subscription multiples measure shares bid for relative to shares available in each category. They should not be interpreted as the number of unique applicants.
How Subscription Changed From Day 2
Overall subscription increased from 19.31 times at the Day 2 close to 43.05 times on Day 3, an absolute rise of 23.74 times.
The main driver has been the NII book, where subscription climbed from 24.54 times to 67.25 times. Retail demand also increased sharply from 27.22 times to 55.65 times.
| Bidding stage | Overall | QIB | NII | Retail |
| Day 1 close | 7.74x | 0.51x | 8.79x | 11.22x |
| Day 2 close | 19.31x | 0.62x | 24.54x | 27.22x |
| Day 3 interim | 43.05x | 0.76x | 67.25x | 55.65x |
The progression shows that demand has continued to build over all three bidding days so far. However, it remains concentrated in the NII and retail categories rather than being evenly distributed across the investor book.
Hy-Tech Engineers IPO GMP Today and Estimated Listing Price
The latest available Hy-Tech Engineers IPO GMP reading was ₹40 as of the afternoon (2:00 p.m. to 3:30 p.m. IST) on 26 August 2026. The previous available reading was around ₹30, indicating an increase in the latest quote.
GMP trackers are not fully aligned. Available readings on 26 August ranged from approximately ₹30 to ₹40, so ₹40 should be viewed as the latest observed reading rather than a universally agreed grey-market quote.
Using ₹40 and the upper price band of ₹53:
Indicative price = ₹53 + ₹40 = ₹93
GMP percentage = ₹40 ÷ ₹53 × 100 = approximately 75.5%
| GMP observation | GMP | Indicative price | Premium to upper band |
| Latest observed reading | ₹40 | ₹93 | 75.5% |
| Lower tracker reading | ₹30 | ₹83 | 56.6% |
Grey Market Premium is unofficial, unregulated, and can change quickly. It is not published by SEBI, NSE, or BSE. An indicative price based on GMP is not a forecast or guarantee of the actual listing price.
What Stands Out in Today’s Bidding
The first notable signal is the pace of subscription growth. Overall demand has risen from 19.31 times at the Day 2 close to 43.05 times, with NIIs contributing the largest increase. Retail demand has also remained substantial at 55.65 times.
The second signal is the higher latest GMP reading alongside rising subscription. Both indicators have strengthened compared with earlier observations, although they measure different things.
There are important limitations. QIB subscription remains below 1 time in the latest interim data, and GMP trackers disagree materially at ₹30-₹40. High subscription does not prove fair valuation, business quality, or future returns, while 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 |
One retail lot contains 283 shares. At the upper price band of ₹53, the minimum investment is ₹14,999.
Brief Company and Financial Context
Hy-Tech Engineers manufactures hydraulic fittings for industries including construction equipment, farming machinery, automobiles, and other hydraulic applications, serving customers in India and overseas.
The company reported total revenue of ₹193.44 crore in FY2026, up from ₹166.71 crore in FY2025, while profit after tax increased to ₹22.59 crore from ₹19.62 crore. Of the fresh issue proceeds, about ₹29.97 crore is earmarked for machinery and equipment for capacity expansion, and ₹16 crore for repayment or prepayment of borrowings. A material risk is customer concentration, as the top 10 customers contributed 45.32% of FY2026 revenue from operations.
What Happens Next
Hy-Tech Engineers IPO remains open until 27 August 2026. Investors can monitor whether overall demand continues to build, whether QIB subscription moves above full coverage, whether NII and retail momentum persists, and whether the ₹30-₹40 GMP range narrows or changes materially during the remaining bidding period.
Frequently Asked Questions (FAQs)
Q: How many times was the Hy-Tech Engineers IPO subscribed on Day 3?
A: Hy-Tech Engineers IPO was subscribed 43.05 times overall in the latest verified interim snapshot on 26 August 2026. NII subscription stood at 67.25 times, retail at 55.65 times, and QIB demand at 0.76 times.
Q: Is the Hy-Tech Engineers IPO Day 3 subscription figure final?
A: No. The 43.05 times figure is an interim Day 3 snapshot. The IPO remains open until 27 August 2026, so overall and category-wise subscription multiples can continue to change as further bids are submitted.
Q: What is the Hy-Tech Engineers IPO GMP today?
A: The latest observed GMP was ₹40 on 26 August 2026, while other trackers showed readings closer to ₹30. The available range is therefore approximately ₹30-₹40. GMP is unofficial and can change rapidly.
Q: What listing price does the current Hy-Tech Engineers IPO GMP indicate?
A: At a ₹40 GMP and an upper issue price of ₹53, the indicative price is ₹93 per share, about 75.5% above the upper price band. A ₹30 GMP would indicate ₹83. These are grey-market calculations, not listing-price forecasts.
Q: Does 43.05 times subscription guarantee a premium listing for Hy-Tech Engineers?
A: No. Subscription multiples show bid quantity relative to shares offered, while GMP reflects unofficial grey-market activity. Neither high subscription nor a positive GMP guarantees a premium listing, fair valuation, business performance, or future returns.
Disclaimer
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