New Berry Capitals Pvt. Ltd.

Incorporated in December 1978, Hy-Tech Engineers Limited is a specialized engineering company engaged in the design, manufacture, and supply of high-performance hydraulic fittings for fluid power systems. Backed by over four decades of domain experience, the company maintains a broad product catalog of over 11,000 SKUs. Its core offerings include DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion adapters, and custom-engineered hydraulic components.

B2B Distribution, End-Markets & Global Reach

The company operates an institutional B2B commercial model across domestic and overseas markets, serving original equipment manufacturers (OEMs) and industrial clients via direct enterprise sales and authorized distribution networks. Hy-Tech’s product suite caters to mission-critical capital equipment sectors, including construction machinery, automotive manufacturing, agricultural equipment, injection molding systems, and general hydraulic machinery. Market penetration is further strengthened by specialized defense and railway certifications. As of March 31, 2026, the company maintained an export footprint spanning key global markets, including the USA, Germany, Italy, Belgium, Poland, Russia, Brazil, Saudi Arabia, UAE, Thailand, and Hungary.

Manufacturing Infrastructure & Backward Integration

Hy-Tech operates four primary manufacturing facilities located in Thane, Shirwal, Kavathe, and Pithampur. The business features a strong backward integration model anchored by its Nashik facility, which produces and supplies captive forged components to its primary manufacturing plants, ensuring quality control, supply chain reliability, and margin optimization.

Operational Scale & Human Capital

As of March 31, 2026, the organization supported its manufacturing and corporate operations with a workforce of 721 personnel, comprising 468 permanent employees and 253 contractual staff deployed across core functions, including production, design R&D, supply chain, quality control, sales and marketing, finance, and human resources.

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• Integrated operations and product development capabilities.
• Diversified customer base with wide market reach.
• Experienced leadership, deep market understanding and industry credibility.
• Established global presence with access to growing international markets.
• Decentralized cell-based manufacturing model.

The Company IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Funding capital expenditure requirement of the Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and procurement Pithampur Unit-I (Rs 29.97 Cr)
• Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company (Rs 16 Cr)
• General Corporate Purposes.

At the upper band of IPO ₹ 53, the stock is valued at 19.63 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.