In this offer, every Rs. There is a new issue of equity shares of 5, which collects up to Rs 700 crore by the company, and the face value by the promoter selling shareholders is Rs. There is an offer for sale of 1,19,33,120 equity shares.
Promoter Hemant Tukaram Mondkar will sell equity shares of 75,00,000 equity shares, while Surekha Hemant Mondkar will jointly flood Load up to Hemant Tukaram Mondkar, 44,33,120 equity shares.
According to the DRHP, the company will not receive any money from the offer fur for sale.
However, the amount from the fresh issue is suggested to fund the capital cost requirements for the acquisition of machinery and equipment for expansion of the Unit Unit, Shirwal Unit and Pithampur Unit -1.
The company plans to use funds for payment or pre -payment, full or partly, some outstanding borrowing and general corporate purposes.
About high-tech engineers
High-tech engineers are engaged in the design, production and supply of hydraulic fittings. Its product portfolio includes customized on customer specifications with dean-metric fittings, JIC flared and flareless fittings, O-ring face seals (ORFS) fittings and conversion fittings, fittings. As of March 31, 2025, the company’s portfolio includes more than 10,000 stock keeping units (SKUs).
The company provides its products to various industries, including construction machinery, automotive, agricultural machinery, railway and conservation. It works on business-to-business (B2B) mode, L providing domestic and international markets.
Hi-tech engineers combine direct sales with the original device manufacturers (OEM) and other industrial dysfunction customers distribution networks. In FY 2025, it supplies 152 direct customers, including OEM, and was supported by a network of distributors and distribution partners in India and abroad.
For IPOs, New Barry Capitals have been appointed as lead manager running a book, while Bigasher services will work as a registrar for offer fur.
Equity shares have been proposed to be listed on both BSE and NSE, one of them is designated as a stock exchange for the purpose of offer fur.
Also Read: 1: 1 Bonus Issue IPO-Bound Oyo; Unbelievable shares increase 25% in 1 month
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