Hy-Tech Engineers IPO Day 2: GMP soars 57%, subscription reaches 7.74x. Should you subscribe?

The Hy-Tech Engineers IPO entered its second day of bidding after receiving 7.74 times subscription on Day 1, led by strong retail and non-institutional demand. With a grey market premium of Rs 30, indicating a potential 57% listing gain, the Rs 135.73-crore issue has attracted bullish investor interest.