Hi-Tech Flow Solutions Ltd. IPO Details
Hi-Tech Flow Solutions was incorporated on April 21, 1993. The company manufactures and supplies Helical Submerged Arc Welded (HSAW) pipes across 17 states and 2 union territories from facilities in Sanand, Gujarat and Nagpur, Maharashtra, primarily serving EPC contractors. Its pipes are mainly used in water transmission and infrastructure projects, with expanding applications in oil and gas, power, utilities, airports, flyovers, sewerage and data centre infrastructure
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹4,000.0 M | DRHP DOC |
Hi-Tech Flow Solutions issue details
Hi-Tech Flow Solutions IPO issue size is ₹ 4,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Hi-Tech Flow Solutions IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Hi-Tech Flow Solutions NUMBER OF SHARES ON OFFER
Hi-Tech Flow Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 417.2 | 36.4 | -14.8 | -40.9 | 12.7% |
| FY25 | 298.3 | 24.3 | 5.9 | -41.1 | 11.9% |
| FY24 | 229.0 | 18.3 | 28.6 | 18.2 | 12.2% |
Hi-Tech Flow Solutions INFORMATION ON IPO ISSUE
About Hi-Tech Flow Solutions
Hi-Tech Flow Solutions was incorporated on April 21, 1993. The company manufactures and supplies Helical Submerged Arc Welded (HSAW) pipes across 17 states and 2 union territories from facilities in Sanand, Gujarat and Nagpur, Maharashtra, primarily serving EPC contractors. Its pipes are mainly used in water transmission and infrastructure projects, with expanding applications in oil and gas, power, utilities, airports, flyovers, sewerage and data centre infrastructure
Object of the Issue
- Funding the proposed expansion by setting up API-grade HSAW pipe manufacturing unit along with a 3LPE coating unit within their existing Nagpur Facility
- Repayment or pre-payment, in part or full of certain borrowings availed by the company from banks
- General corporate purposes
Hi-Tech Flow Solutions - PROMOTERS
| Name |
|---|
| Ajay Kumar Bansal |
| Vipul Bansal |
| Nikita Bansal |
Hi-Tech Flow Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vipul Bansal | Chairman & Managing Director |
| Anand Thakorprasad Amin | Whole Time Director & Chief Operating Officer |
| Nikita Bansal | Non-Executive Director |
| Neerja Kumar | Independent Director |
| Rosy Jaiswal | Independent Director |
| Anil Kumar Bansal | Independent Director |
Hi-Tech Flow Solutions Book Running Lead Manager
InCred Capital Financial Services Limited
hfsl.ipo@incredcapital.com
Pantomath Capital Advisors Private Limited
hitechflow.ipo@pantomathgroup.com
Hi-Tech Flow Solutions Registrar to the Offer
MUFG Intime India Private Limited
hitechflow.ipo@in.mpms.mufg.com
Hi-Tech Flow Solutions Strengths
Diversified customer base
The company follows a B2B model, primarily serving EPC contractors executing large-scale water supply, pipeline and infrastructure projects for government utilities and authorities, along with dealers and distributors. This dual-channel model broadens market reach, supports varied project requirements and helps reduce customer concentration risk
Growing pipe market
According to the CareEdge Report, the Indian HSAW pipe market grew from USD 953 million in CY19 to an estimated USD 2,097 million in CY25 and is projected to reach USD 3,039 million by CY30, at a CAGR of 7.0%–8.8%. Growth is expected to be supported by investments in water and energy infrastructure, government initiatives and rising demand for API-grade HSAW pipes in the oil & gas sector
Strategically located facilities
The company operates two strategically located manufacturing facilities in Sanand, Gujarat and Umred, Nagpur, Maharashtra, serving customers across 17 states and 2 union territories and supporting exports to the Netherlands and UAE. The facilities manufacture, test and finish large-diameter HSAW pipes, with proximity to raw material sources and road infrastructure helping ensure efficient, cost-effective and timely deliveries.
Hi-Tech Flow Solutions Risks
Price volatility risks
The company depends heavily on HR coils as a key raw material, and volatility in prices may be difficult to pass on to customers under fixed-price and tender-linked contracts, particularly in high-volume, moderate-margin projects. Sharp price changes or supply disruptions could compress margins, cause inventory losses, delay production, reduce capacity utilisation and increase working capital requirements
Quality & compliance
The company’s large-diameter HSAW pipes must meet stringent customer, EPC and government specifications covering dimensions, welding, pressure resistance, testing and applicable standards. Failure to meet these quality or performance requirements could result in order cancellations, liquidated damages, warranty claims, reputational damage and adversely affect its business and financial performance
Depend on vendor services
The company relies on third-party service providers for pipe coating activities, including liquid epoxy, cement-mortar lining and polyurethane coating, as these services are not performed in-house. Any delay, disruption or failure to meet quality and technical requirements could affect product quality, order completion and contractual delivery timelines, adversely affecting its business and financial performance
IPO FAQs
The promoters of the company are Ajay Kumar Bansal, Vipul Bansal and Nikita Bansal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.