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Hy-Tech Engineers IPO GMP signals near 85% grey-market pop
The IPO, booked at around 245 times, is expected to list around Sept. 1, 2026 under the T+3 rule, after bidding ended Aug. 27.
Hy-Tech Engineers Ltd has drawn strong subscription demand ahead of its planned IPO listing, with bidding ending Aug. 27, 2026, LiveMint Markets reports.
The ₹136 crore public issue was subscribed around 245 times, with the retail segment subscribed about 175 times, the NII portion filled more than 210 times, and the QIB portion subscribed to nearly 250 times.
In the grey market, observers cited an IPO GMP of ₹45, which they said equates to roughly an 85% listing pop versus the IPO upper price band of ₹53 per share.
With India’s T+3 listing rule, the deal must list within three days after bidding ends, and observers said the most likely listing date is Sept. 1, 2026, with allotment finalized shortly thereafter.