About Paluck Technologies IPO
Paluck Technologies IPO Details
Paluck Technologies IPO is a BSE SME issue of ₹33.00 crore. The equity shares have a face value of ₹10 each and are proposed to be listed on the BSE SME platform. The price band is fixed at ₹46–₹48 per share, and the market lot is 3,000 equity shares. Retail investors must apply for a minimum of two lots comprising 6,000 shares. The minimum investment required by an individual investor is ₹2,88,000 at the upper price band.
The IPO will open for subscription from August 28 to September 1, 2026, with a tentative listing date of September 4, 2026. Horizon Management Private Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue.
Paluck Technologies IPO Date & Timeline
The Paluck Technologies IPO is scheduled to open for subscription on August 28, 2026 and close on September 1, 2026. The basis of allotment is expected to be finalised on September 2, 2026.
Refunds are expected to be initiated and shares credited to successful investors’ demat accounts on September 3, 2026. Finally, Paluck Technologies Limited shares are tentatively scheduled to be listed on BSE SME on September 4, 2026.
Paluck Technologies IPO Timeline
| IPO Open Date | Fri, Aug 28, 2026 |
| IPO Close Date | Tue, Sep 1, 2026 |
| Basis of Allotment | Wed, Sep 2, 2026 |
| Initiation of Refunds | Thu, Sep 3, 2026 |
| Credit of Shares to Demat | Thu, Sep 3, 2026 |
| Listing Date | Fri, Sep 4, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Paluck Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | 28 Aug to 1 Sep, 2026 |
| Listing Date | 4 Sep, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 46 to ₹ 48 |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Total Issue Size | 68,76,000 shares (agg. up to ₹ 33 Cr) |
| Reserved for Market Maker | 3,45,000 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 65,31,000 shares (agg. up to ₹ 31 Cr) |
| Net Offered to Public | 65,31,000 shares (agg. up to ₹ 31 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,39,46,282 shares |
| Share Holding Post Issue | 2,08,22,282 shares |
Paluck Technologies IPO GMP
“Grey Market Premium” or GMP is the unofficial premium at which IPO shares trade before their official listing on a stock exchange.
The Paluck Technologies IPO GMP is currently trading at ₹25, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹73, which is 52.08% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹48 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹25 and a lot size of 3000 shares.
Paluck Technologies IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 30 Aug 2026 | ₹48 | ₹25 | 30 Aug, 202609:52 AM |
| 29 Aug 2026 | ₹48 | ₹25 | 29 Aug, 202610:16 AM |
| 28 Aug 2026 | ₹48 | ₹25 | 29 Aug, 202610:15 AM |
| 27 Aug 2026 | ₹48 | ₹25 | 27 Aug, 202609:59 AM |
| 26 Aug 2026 | ₹48 | ₹25 | 26 Aug, 202602:38 PM |
| 25 Aug 2026 | ₹48 | ₹10 | 25 Aug, 202610:03 AM |
| 24 Aug, 2026 | ₹48 | ₹0 | 24 Aug, 202610:03 AM |
Company Background
Paluck Technologies Limited is a Gurugram, Haryana-based multi-service engineering and infrastructure company. The company was incorporated in 2010 and initially operated as a diesel-generator services provider before expanding into engineering and infrastructure-related activities.
The company’s business is associated with diesel-generator sets, engineering services, infrastructure operations and ready-mix concrete (RMC)-related equipment. Its proposed capital expenditure on new RMC machinery and DG sets indicates a focus on expanding operating capacity.
Operations and Product Range
Paluck Technologies operates in engineering and infrastructure-related activities. Its business portfolio includes:
- • Diesel-generator services: Equipment-related support and services associated with DG sets.
- • Engineering and infrastructure services: Project-related operational and execution capabilities.
- • Ready-mix concrete machinery: Equipment used in RMC-related operations.
- • Equipment deployment and maintenance: Deployment, utilisation and upkeep of operating assets.
The company’s business model combines machinery, project execution, technical capability, customer relationships, equipment utilisation and working-capital management.
Facilities and Capacity
Paluck Technologies’ capacity is influenced by its machinery base, equipment availability, project pipeline, technical workforce, working-capital position and ability to deploy equipment efficiently.
The company proposes to use ₹24 crore from the net IPO proceeds to purchase new RMC machinery and DG sets. This capital expenditure may strengthen operating capacity, subject to successful procurement, deployment, project demand and execution.
As an engineering and infrastructure-oriented business, its ability to win contracts, manage projects, maintain equipment and collect payments on time will be important to converting capacity into revenue and profitability.
Brands and Market Presence
Paluck Technologies primarily operates as a business-to-business engineering and infrastructure services provider rather than as a consumer-facing brand. Its market presence depends on project-execution capability, machinery availability, service quality, commercial relationships and customer confidence.
The company’s ability to secure repeat business, maintain client relationships, compete for projects and manage equipment effectively will influence its expansion prospects in the infrastructure and engineering-services market.
Revenue Streams and Business Model
Paluck Technologies earns revenue from engineering and infrastructure-related operations, including activities associated with DG sets, equipment deployment and project execution.
Revenue growth depends on project awards, equipment utilisation, customer orders, pricing, execution timelines, raw-material and fuel costs, payment cycles and availability of working capital. The business also requires investment in machinery, equipment maintenance, workforce, project management and receivable collection.
Financial Performance
Paluck Technologies reported total income of ₹102.90 crore in FY25, compared with ₹101.74 crore in FY24 and ₹92.30 crore in FY23. Total income increased by approximately 1.1% in FY25, following growth of around 10.2% in FY24.
Profit after tax (PAT) rose to ₹9.63 crore in FY25 from ₹3.43 crore in FY24 and ₹2.18 crore in FY23. EBITDA increased to ₹18.99 crore in FY25 from ₹13.27 crore in FY24.
The balance sheet strengthened in FY25. Net worth increased to ₹31.82 crore from ₹18.48 crore in FY24, while total borrowings declined to ₹17.49 crore from ₹30.05 crore. Total assets rose to ₹66.98 crore, and reserves and surplus increased to ₹28.72 crore.
Management and Shareholding
Paluck Technologies is promoted by Mr. Navin Katiyar, Mr. Praveen Kumar, Ms. Sarika Katiyar and Mr. Sumit Kumar Bajaj. The IPO consists primarily of a fresh issue, and the fresh-issue proceeds will accrue to the company after deducting issue expenses.
The promoter & promoter group holds 86.55% equity pre-IPO, which will be diluted after IPO due to the fresh issue, making it 57.97%.
Board and Key Management
Paluck Technologies’ board and management oversee engineering and infrastructure operations, project execution, machinery deployment, customer relationships, financial controls, working-capital management and compliance requirements.
Navin Katiyar is serving as Managing Director, along with Sumit Kumar Bajaj as the Executive Director & CEO, while Praveen Kumar is the Executive Director included in the board of Paluck Technologies along with other key executive and non-executive directors.
Paluck Technologies IPO Financial Information
Latest Revenue
105.02
₹ Crore
Profit After Tax
13.84
₹ Crore
Net Worth
45.66
₹ Crore
Total Borrowing
13.17
₹ Crore
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 28 Feb 2026 (Standalone) | 105.09 | 105.02 | 13.84 | 45.66 | 31.71 | 13.17 |
| 31 Mar 2025 (Standalone) | 66.98 | 102.81 | 9.63 | 31.82 | 28.72 | 17.49 |
| 31 Mar 2024(Standalone) | 53.53 | 100.74 | 3.43 | 18.48 | 15.55 | 30.05 |
| Amount in ₹ Crore | ||||||
Paluck Technologies Key Performance Indicator
| KPI | Values(28 Feb 2026) |
|---|---|
| ROE | 30.31 % |
| ROCE | 27.43 % |
| Debt/Equity | 0.29 |
| RoNW | 30.31 % |
| PAT Margin | 13.18 % |
| EBITDA Margin | 22.79 % |
| Price to Book Value | 1.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.91 | 7.25 |
| P/E (x) | 6.95 | 6.62 |
Paluck Technologies IPO Objectives
The company intends to use the net proceeds from the fresh issue for the following purposes:
- • Purchase of new ready-mix concrete machinery and diesel-generator sets: ₹24 crore
- • Repayment or prepayment, in full or part, of certain outstanding borrowings: ₹6 crore
- • General corporate purposes
Paluck Technologies IPO Review
Paluck Technologies offers investors exposure to an engineering and infrastructure-oriented company that has expanded from diesel-generator services. Its proposed use of fresh capital for RMC machinery and DG sets may help expand equipment capacity and support project-execution capability.
Financially, total income remained broadly stable at ₹102.90 crore in FY25 compared with ₹101.74 crore in FY24. However, PAT increased sharply to ₹9.63 crore from ₹3.43 crore, EBITDA rose to ₹18.99 crore from ₹13.27 crore, net worth increased to ₹31.82 crore and borrowings declined to ₹17.49 crore.
Investors should assess the company’s project pipeline, ability to deploy new equipment profitably, project-execution capability, customer concentration, receivable cycle, cash-flow conversion, raw-material and fuel costs, working-capital requirements and valuation before applying.
Key risks include project delays, customer concentration, competitive bidding, machinery utilisation risk, equipment-maintenance costs, working-capital intensity, delayed receivables, raw-material and fuel-price movements and SME-listing liquidity risk.
Overall, the IPO provides exposure to an engineering and infrastructure services company, but investors should evaluate its valuation, business concentration, project pipeline and ability to translate the proposed machinery investment into sustainable revenue growth.
Conclusion
Paluck Technologies IPO offers investors an opportunity to participate in an engineering and infrastructure-oriented company with operations linked to diesel-generator services, equipment deployment and ready-mix concrete machinery.
The fresh issue is proposed to be used mainly for purchasing new RMC machinery and DG sets, as well as repayment or prepayment of certain borrowings. The investment case depends on the company’s ability to deploy machinery efficiently, win and execute projects, manage working capital and sustain profitability.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | 2,88,000 |
| Individual investors (Retail) (Max) | 2 | 6,000 | 2,88,000 |
| S-HNI (Min) | 3 | 9,000 | 4,32,000 |
| S-HNI (Max) | 6 | 18,000 | 8,64,000 |
| B-HNI (Min) | 7 | 21,000 | 10,08,000 |