New Delhi-based Hi-Tech Flow Solutions Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).

The Hi-Tech Flow Solutions IPO, with a face value of Rs 2 per equity share, comprises a fresh issue of equity shares worth up to Rs 300 crore and an offer for sale (OFS) by promoters Ajay Kumar Bansal and Vipul Bansal. Under the offer for sale, Ajay Kumar Bansal is offering shares worth up to Rs 75 crore, while Vipul Kumar Bansal is offering shares worth up to Rs 25 crore.

In addition, investor The Wealth Company Alternates Trust – India Inflection Opportunity Fund is offering up to 20,268,225 shares as part of the offer.

Hi-Tech Flow Solutions IPO: Pre-IPO Placement

The company, in consultation with the book-running lead managers, may consider a pre-IPO placement of equity shares aggregating up to Rs 60 crore.

If the proposed pre-IPO placement is completed, the size of the fresh issue of the IPO will be reduced accordingly.

IPO Proceeds to Fund Expansion and Debt Repayment

According to the DRHP filed with SEBI, Hi-Tech Flow Solutions Limited plans to utilise a portion of the proceeds from the fresh issue for its proposed manufacturing expansion.

Around Rs 125.9 crore from the fresh issue will be utilised to fund the proposed expansion through the establishment of an API-grade HSAW pipe manufacturing unit along with a 3LPE coating unit within the company’s existing Nagpur facility.

The company also proposes to utilise Rs 90 crore from the IPO proceeds towards the repayment or pre-payment, either partly or fully, of certain borrowings availed from banks.

The remaining proceeds will be utilised for general corporate purposes.

Hi-Tech Flow Solutions IPO Offer Structure

The Hi-Tech Flow Solutions IPO will be made through the book-building process.

Under the proposed IPO allocation structure, not more than 50% of the net offer will be allocated to Qualified Institutional Buyers (QIBs).

Further, not less than 15% of the net offer will be allocated to Non-Institutional Bidders (NII), while not less than 35% of the net offer will be allocated to Retail Individual Bidders (RIBs).

Hi-Tech Flow Solutions Manufacturing Capacity

As of the date of the Draft Red Herring Prospectus, Hi-Tech Flow Solutions Limited has a total installed manufacturing capacity of 160,000 metric tonnes per annum (MTPA).

Of the total installed capacity, 40,000 MTPA is located at the company’s Sanand facility, while 120,000 MTPA is located at its Nagpur facility.

The company has also supplied an aggregate of 154,000 MT of HSAW pipes during the last three fiscals.

The proposed expansion at the Nagpur facility, including the API-grade HSAW pipe manufacturing unit and 3LPE coating unit, is expected to further strengthen the company’s manufacturing capabilities.

Hi-Tech Flow Solutions IPO Book-Running Lead Managers and Registrar

InCred Capital Financial Services Limited and Pantomath Capital Advisors Private Limited are the book-running lead managers for the proposed IPO.

MUFG Intime India Private Limited has been appointed as the registrar to the issue.

DRHP Link: https://www.incredcapital.com/wp-content/uploads/2026/09/DRHP.pdf