Prime-tech engineers are going to introduce IPO. The corporate has filed a pink herring draft potentialities with SEBI. This may use the cash gained from the IPO to enlarge the industry and pay off the debt. This can be a Maharashtra corporate that makes hydraulic fittings.
Plan to factor new stocks price Rs 70 crore
Hy-Tech Engineers Has deliberate to factor new stocks price Rs 70 crore within the IPO. The IPO will even have an be offering on the market, underneath which the promoters of the corporate will promote their 1.19 crore stocks. The corporate will use the cash from the problem at the growth of its 3 gadgets. She is going to purchase new apparatus and equipment. It’s going to use Rs 18 crore to pay off the mortgage and the remaining will likely be used for basic industry wishes.
Many industries provide hydrolics to many industries
The corporate has mentioned that on the finish of July 2025, it had a complete of Rs 34 crore and a non-fund based totally mortgage of Rs 8.2 crore. This corporate provides hydrolics to many industries. Those come with corporations from sector and so on. sector and so on. development, automobile, agriculture and so on. Prime-tech engineers compete with corporations like Aeroflex Industries, Dynamatic Applied sciences and Yuken India.
FY25 benefit of Rs 19.6 crore
Prime-tech engineers had a benefit of Rs 19.6 crore in FY25. Alternatively, that is 69.2 p.c greater than a benefit of Rs 11.6 crore a yr in the past. The corporate’s earnings in FY25 rose 17.2 in line with cent to Rs 161.4 crore. The corporate has appointed New Berry Capitals as E-book Operating Lead Supervisor.