Hy-Tech Engineers Ltd - IPO

Hy-Tech Engineers Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs.5 each (Equity Shares) of Hy-Tech Engineers Limited (Company ) for cash at a price of Rs.[*] per equity share (Including a share Premium of Rs.[*] Per Equity Share) (The Offer Price) aggregating up to Rs.[*] crores (The Offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 700.00 crores by the company (The Fresh Issue) and an offer for sale of up to 11,933,120 equity shares consisting of up to 7,500,000 equity shares of face value of Rs.5 each aggregating up to Rs.[*] crores by Hemant Tukaram Mondkar and up to 4,433,120 equity shares of face value of Rs.5 each by Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar aggregating up to Rs.[*] crores (Collectively Referred to as the Promoter Selling Shareholders And Such Equity Shares Offered By The Promoter Selling Shareholders, Offered Shares). The offer shall constitute up to [*]% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs.5 each and the offer price is [*] times the face value of equity shares. The price band and minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure requirement of our Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and procurement. Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by our Company. General corporate purposes.

Hy-Tech Engineers Ltd Contact Details

Hy-Tech Engineers Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - hytechcs@hy-techengineers.com

Website - www.hy-techengineers.com