Paluck Technologies IPO Review 2026: GMP, Price, Dates, Lot Size & Allotment Details

Paluck Technologies IPO is a Book Built SME public issue of Paluck Technologies Limited. The IPO comprises a fresh issue of 68,76,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale component. At the upper price band of ₹48 per share, the total issue size is approximately ₹33.00 crore. The equity shares are proposed to be listed on the BSE SME platform.

Paluck Technologies IPO is scheduled to open for subscription on 28 August 2026 and close on 1 September 2026. The basis of allotment is scheduled for 2 September 2026, while refunds and credit of shares to demat accounts are scheduled for 3 September 2026. The proposed listing date is 4 September 2026.

Paluck Technologies Limited operates as an engineering services and infrastructure support company. The company’s business activities cover automobile and engineering services, logistics and equipment rental, telecom engineering services and related support activities. It has evolved from a diesel generator service provider into a diversified engineering and infrastructure services organisation.

The company provides concrete transportation, construction equipment rental, RMC plant-related services, infrastructure and construction logistics, telecom site implementation and maintenance services. It also provides diesel and gas generator servicing, dual-fuel conversion solutions, commercial vehicle and two-wheeler servicing and spare-parts distribution.

Paluck Technologies operates a fleet of more than 190 vehicles for construction and logistics activities, including transit mixers, logistics trucks and concrete pump units. The company serves infrastructure developers, EPC contractors and cement manufacturers across multiple regions in India. Its telecom engineering business has handled operations and maintenance activities at thousands of telecom sites.

The company was incorporated on 8 April 2010 and was originally established as a diesel generator service business. Over time, it expanded into automobile and engineering services, logistics and equipment rental and telecom engineering.

The fresh issue proceeds are proposed to be used for purchasing new Ready-Mix Concrete (RMC) machinery and DG sets, repayment or prepayment of certain borrowings, funding working-capital requirements and general corporate purposes. The disclosed amounts include ₹10 crore for RMC machinery and DG sets, ₹3.10 crore for repayment or prepayment of borrowings and ₹10 crore for working capital.

Investors should carefully evaluate the company’s financial performance, dependence on the domestic market, receivables, borrowings, capital expenditure plans, customer concentration, competition and other risks before making an investment decision.

Paluck Technologies IPO Details

InformationDetails
IPO NamePaluck Technologies IPO
Company NamePaluck Technologies Limited
IPO TypeBook Built Issue
IPO CategorySME IPO
Face Value₹10 Per Equity Share
Price Band₹46 to ₹48 Per Share
Issue Size₹33.00 Crore
Fresh Issue68,76,000 Equity Shares
Fresh Issue AmountApprox. ₹33.00 Crore
Offer for SaleNil
Total Issue Shares68,76,000 Equity Shares
Market Maker Reservation3,45,000 Equity Shares
IPO Open Date28 August 2026
IPO Close Date1 September 2026
Anchor Investor Bidding27 August 2026
Basis of Allotment2 September 2026
Refund Initiation3 September 2026
Shares Credited to Demat Account3 September 2026
Listing Date4 September 2026
Listing ExchangeBSE SME
Lot Size3,000 Equity Shares
Minimum Application2 Lots (6,000 Shares)
Minimum Application Amount₹2,88,000
RegistrarBigshare Services Private Limited
Book Running Lead ManagerHorizon Management Private Limited
Market Maker

The total issue comprises 68,76,000 fresh equity shares aggregating up to approximately ₹33 crore at the upper price band. The company will receive the proceeds from the fresh issue after applicable issue expenses.

Paluck Technologies IPO Dates

IPO EventDate
Anchor Investor Bidding27 August 2026
IPO Opening Date28 August 2026
IPO Closing Date1 September 2026
Basis of Allotment2 September 2026
Refund Initiation3 September 2026
Shares Credited to Demat Account3 September 2026
Listing Date4 September 2026

Paluck Technologies IPO is scheduled to open on 28 August 2026 and close on 1 September 2026. The basis of allotment is scheduled for 2 September 2026, followed by refunds and credit of shares on 3 September 2026. The proposed listing is scheduled for 4 September 2026.

Paluck Technologies IPO Reservation

Investor CategoryShares Offered% of Net Issue% of Total Issue
Qualified Institutional Buyers (QIB)32,64,000 Shares49.98%47.47%
Anchor Investor19,56,000 SharesIncluded in QIB28.45%
QIB (Ex. Anchor)13,08,000 SharesIncluded in QIB19.02%
Non-Institutional Investors (NII)9,81,000 Shares15.02%14.27%
Retail Individual Investors (RII)22,86,000 Shares35.00%33.25%
Market Maker3,45,000 Shares5.02%
Total68,76,000 Shares100%100%

The reservation structure provides for 32,64,000 shares for QIBs, 9,81,000 shares for NIIs and 22,86,000 shares for retail investors. The QIB allocation includes the anchor investor portion. A separate 3,45,000 shares are reserved for the market maker.

Paluck Technologies IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum2 Lots6,000 Shares₹2,88,000
Retail Maximum2 Lots6,000 Shares₹2,88,000
S-HNI Minimum3 Lots9,000 Shares₹4,32,000
S-HNI Maximum6 Lots18,000 Shares₹8,64,000
B-HNI Minimum7 Lots21,000 Shares₹10,08,000

The Paluck Technologies IPO market lot is 3,000 shares. Individual investors need to apply for a minimum of 2 lots, or 6,000 shares. At the upper price band of ₹48 per share, the minimum application amount is ₹2,88,000.

About Paluck Technologies Limited

Paluck Technologies Limited was incorporated on 8 April 2010. The company was initially established as a diesel generator service provider and subsequently expanded into a diversified engineering and infrastructure support business.

The company operates across automobile and engineering services, logistics and equipment rental and telecom engineering services. Its business model combines equipment deployment, engineering support, maintenance services and infrastructure-related operations.

In the construction and infrastructure segment, Paluck Technologies provides concrete transportation, equipment rental, RMC-related services and logistics support. Its fleet includes transit mixers, logistics trucks and concrete pump units used to serve infrastructure developers, EPC contractors and cement manufacturers.

The company also operates in telecom engineering, where it provides implementation and maintenance services for telecom companies and OEMs. Its operations have covered thousands of telecom sites across India.

Another part of its business is automobile and engineering services. The company operates authorised service centres and dealerships and provides generator servicing, dual-fuel conversion solutions, commercial vehicle servicing, two-wheeler servicing and spare-parts distribution.

As of 28 February 2026, the company had 192 employees.

Business Operations

Paluck Technologies operates across several engineering, infrastructure and support-service segments.

  • Automobile & Engineering Services – The company provides vehicle servicing, generator servicing and other engineering-related support.
  • Logistics Services – It provides transportation and logistics support for construction and infrastructure customers.
  • Equipment Rental – The company rents construction and infrastructure equipment to customers.
  • RMC Support Services – It provides services connected with Ready-Mix Concrete operations and transportation.
  • Transit Mixer Services – Its fleet includes transit mixers used for concrete transportation.
  • Concrete Pump Services – The company operates concrete pump units supporting construction activities.
  • Construction Equipment – It provides equipment and machinery support for infrastructure and construction projects.
  • Telecom Engineering Services – The company provides telecom site implementation, operations and maintenance services.
  • Generator Services – It provides servicing of diesel and gas generators.
  • Dual-Fuel Conversion – The company provides dual-fuel conversion kit-related services.
  • Commercial Vehicle Services – It provides servicing and support for commercial vehicles.
  • Two-Wheeler Services – Its automobile operations also include two-wheeler servicing.
  • Spare Parts Distribution – The company distributes spare parts through its automobile and engineering operations.
  • OEM Partnerships – The company works with OEMs and operates authorised service centres and dealerships.
  • Infrastructure Support – Its diversified operations allow it to provide engineering and infrastructure support across multiple customer segments.

Industry Overview

India’s infrastructure and construction sectors generate demand for specialised equipment, logistics, engineering support and maintenance services. Construction companies, infrastructure developers, EPC contractors and cement manufacturers require transportation and equipment services to support project execution.

The growth of roads, housing, commercial infrastructure, industrial projects and other construction activities can create opportunities for companies providing construction logistics and equipment rental services.

Ready-Mix Concrete is an important component of modern construction projects. RMC requires specialised transportation and pumping equipment to deliver concrete from plants to construction sites. Companies with transit mixers, concrete pumps and related equipment can participate in this segment.

The telecom sector also requires continuous engineering, implementation and maintenance support. Expansion of telecom networks and ongoing network maintenance can create recurring demand for site-related engineering services.

The automobile and generator servicing segment provides another revenue opportunity for companies with technical capabilities and OEM relationships. Servicing, maintenance, spare parts and equipment support can generate business from both corporate and retail customers.

However, infrastructure-related businesses can be capital intensive and sensitive to project cycles, payment periods and economic conditions. Equipment utilisation, fuel costs, receivables and working-capital requirements can also influence profitability.

Paluck Technologies operates across these segments through its engineering, logistics, equipment rental, telecom and automobile-related activities.

Business Strategy

Paluck Technologies follows a diversified engineering and infrastructure support model rather than depending on a single business segment.

The company intends to strengthen its RMC and infrastructure-related capabilities through capital expenditure on new Ready-Mix Concrete machinery and DG sets. Approximately ₹10 crore from the IPO proceeds is proposed for this purpose.

The company also intends to strengthen its working-capital position. Approximately ₹10 crore of the IPO proceeds is proposed to be used for funding working-capital requirements. This can support inventory, receivables and other operating requirements as the business expands.

Another objective is repayment or prepayment of certain outstanding borrowings. Approximately ₹3.10 crore is proposed to be used for this purpose. Reducing borrowings can help lower the company’s financing obligations.

The company’s diversified business model also enables it to serve infrastructure, construction, telecom and automobile customers. Its OEM relationships and geographic presence provide additional opportunities for expanding its service operations.

Paluck Technologies IPO Financial Information

The company has reported growth in profitability and net worth during the reported financial periods.

Total income increased from ₹101.74 crore in FY2024 to ₹102.90 crore in FY2025 and ₹105.09 crore for the period ended 28 February 2026. Profit After Tax increased from ₹3.43 crore in FY2024 to ₹9.63 crore in FY2025 and ₹13.84 crore for the period ended 28 February 2026.

Paluck Technologies Financial Summary

ParticularsFY2024FY2025Feb 2026
Total Income₹101.74 Crore₹102.90 Crore₹105.09 Crore
EBITDA₹13.27 Crore₹18.99 Crore₹23.93 Crore
Profit After Tax (PAT)₹3.43 Crore₹9.63 Crore₹13.84 Crore
Total Assets₹53.53 Crore₹66.98 Crore₹105.09 Crore
Net Worth₹18.48 Crore₹31.82 Crore₹45.66 Crore
Reserves and Surplus₹15.55 Crore₹28.72 Crore₹31.71 Crore
Total Borrowings₹30.05 Crore₹17.49 Crore₹13.17 Crore

The financial figures indicate improvement in profitability and net worth. PAT increased from ₹3.43 crore in FY2024 to ₹9.63 crore in FY2025 and ₹13.84 crore for the period ended 28 February 2026. Borrowings declined from ₹30.05 crore in FY2024 to ₹13.17 crore by 28 February 2026.

The February 2026 figures cover a period that is not identical to a full financial year, so investors should consider the reporting period when comparing these numbers with the FY2024 and FY2025 figures.

Paluck Technologies IPO Key Performance Indicators (KPIs)

KPIValue
Return on Equity (ROE)38.31%
Return on Capital Employed (ROCE)37.09%
Return on Net Worth (RONW)30.28%
EBITDA Margin22.79%
PAT Margin13.18%
Earnings Per Share (EPS)₹6.91
Net Asset Value (NAV) Per Share₹104.07
Price to Earnings (P/E)6.95x
Debt-to-Equity Ratio0.29

The reported financial indicators show a RONW of 30.28%, EBITDA margin of 22.79% and PAT margin of 13.18%. EPS is reported at ₹6.91. The issue is valued at approximately 6.95 times earnings at the upper price band based on the reported figures.

Objects of the Paluck Technologies IPO

The company intends to utilise the net proceeds from the fresh issue for the following purposes:

  • Purchase of new Ready-Mix Concrete (RMC) machinery and DG sets.
  • Pre-payment or repayment, in part or full, of certain outstanding borrowings.
  • Funding the working-capital requirements of the company.
  • General corporate purposes.

The proposed allocation includes approximately ₹10 crore for RMC machinery and DG sets, ₹3.10 crore for repayment or prepayment of borrowings and ₹10 crore for working capital.

The proposed capital expenditure is intended to strengthen the company’s RMC and infrastructure-related operations, while the working-capital allocation is intended to support its operating requirements.

Paluck Technologies IPO GMP

Paluck Technologies IPO GMP refers to the unofficial premium at which the company’s shares may be traded in the grey market before listing.

ParticularValue
Paluck Technologies IPO GMP₹18
IPO Price₹46 to ₹48
Estimated Listing Price₹66
GMP Percentage37.50%

The reported grey-market premium has reached ₹18 on 26 August 2026, compared with ₹10 reported on 25 August 2026. GMP is unofficial and can change rapidly before listing. It should not be considered a guaranteed listing price or investment return.

Paluck Technologies IPO Listing Performance

Paluck Technologies shares are scheduled to be listed on the BSE SME platform on 4 September 2026.

ParticularValue
Listing ExchangeBSE SME
Listing Date4 September 2026
Issue Price₹48 Per Share
Listing Price
Listing Gain
Listing Gain (%)

The listing price and listing gain are kept blank because the company’s shares have not yet commenced trading. The actual listing price will be known on the listing date.

Paluck Technologies IPO Subscription Status

Paluck Technologies IPO is scheduled to open for subscription on 28 August 2026 and close on 1 September 2026.

Paluck Technologies IPO Subscription

Investor CategorySubscription
Qualified Institutional Buyers (QIB)
Non-Institutional Investors (NII)
Retail Individual Investors (RII)
Employee Category
Total Subscription

Subscription figures are kept blank because the IPO has not yet opened for public bidding. The subscription figures should be updated during the IPO period based on the latest available exchange data.

Paluck Technologies IPO Review

Paluck Technologies Limited operates across engineering services, infrastructure support, logistics and equipment rental, telecom engineering and automobile-related services.

The company has evolved from a diesel generator service provider into a diversified engineering and infrastructure organisation. Its business model covers several complementary activities, including RMC-related services, construction equipment rental, logistics, telecom site implementation and maintenance, generator servicing and automobile services.

The company’s construction and logistics business has a sizeable fleet consisting of transit mixers, logistics trucks and concrete pump units. These assets support customers such as infrastructure developers, EPC contractors and cement manufacturers.

Its telecom engineering segment provides implementation and maintenance services and has handled operations and maintenance activities across thousands of telecom sites. The company also has relationships with OEMs through authorised service centres and dealerships.

Financially, the company has reported strong improvement in profitability. PAT increased from ₹3.43 crore in FY2024 to ₹9.63 crore in FY2025 and ₹13.84 crore for the period ended 28 February 2026. EBITDA increased from ₹13.27 crore in FY2024 to ₹18.99 crore in FY2025 and ₹23.93 crore in the February 2026 period.

Borrowings have also declined over the reported periods, falling from ₹30.05 crore in FY2024 to ₹17.49 crore in FY2025 and ₹13.17 crore as of 28 February 2026. This indicates an improvement in the company’s reported debt position.

The IPO proceeds are intended to support capital expenditure, working capital and debt repayment. These uses are directly connected to the company’s operating and expansion requirements.

At the same time, investors should consider that the company operates entirely in the domestic market. It reported no export revenue during the relevant periods, meaning changes in Indian economic conditions and domestic infrastructure demand could affect its business.

The company also had trade receivables of ₹27.53 crore as of 28 February 2026 and outstanding financial indebtedness of ₹9.13 crore according to the disclosed offer-document information. Working-capital management and timely collection from customers therefore remain important factors.

Overall, Paluck Technologies IPO provides exposure to a diversified engineering and infrastructure support company with improving profitability, declining borrowings and a broad service portfolio. Investors should nevertheless evaluate the company’s valuation, asset utilisation, working-capital requirements, domestic concentration and execution risks before making an investment decision.

Paluck Technologies IPO Strengths

  • Diversified business across engineering, infrastructure, logistics, telecom and automobile services.
  • Established operating history since incorporation in 2010.
  • Business presence across multiple infrastructure-related activities.
  • Large fleet supporting construction and logistics operations.
  • Experience in RMC transportation and related infrastructure services.
  • Telecom engineering and maintenance capabilities.
  • Relationships with OEMs and authorised service-centre operations.
  • Improving profitability during the reported periods.
  • Strong increase in PAT between FY2024 and FY2026.
  • Improvement in net worth during the reported periods.
  • Decline in total borrowings from FY2024 to February 2026.
  • Proposed IPO investment in RMC machinery and DG sets can strengthen operating capacity.
  • Exposure to India’s infrastructure and construction activity.

Paluck Technologies IPO Risk Factors

  • The company is entirely dependent on the domestic Indian market.
  • Infrastructure and construction activities can be cyclical.
  • Equipment-intensive operations require significant capital and maintenance expenditure.
  • Working-capital requirements can increase with business growth.
  • Trade receivables can affect cash flow if collections are delayed.
  • The company operates in competitive engineering and infrastructure-service markets.
  • Dependence on infrastructure, construction and telecom customers may expose the company to sector-specific risks.
  • Changes in government infrastructure spending or project delays could affect demand.
  • Fuel, maintenance and operating costs can affect margins.
  • The company’s business depends on effective utilisation of its equipment and vehicle fleet.
  • Outstanding borrowings continue to create financial obligations.
  • SME-listed shares may have lower liquidity compared with mainboard companies.

Paluck Technologies IPO Promoters

The promoters of Paluck Technologies Limited are Navin Katiyar, Praveen Kumar, Sarika Katiyar and Sumit Kumar Bajaj. The promoter and promoter group held approximately 86.55% of the company’s pre-IPO share capital. The holding is expected to reduce to approximately 57.97% after the issue.

Paluck Technologies IPO Promoters Details

PromoterDesignation
Navin KatiyarManaging Director
Praveen KumarExecutive Director
Sarika KatiyarPromoter
Sumit Kumar BajajExecutive Director & CEO

Navin Katiyar serves as Managing Director, while Sumit Kumar Bajaj serves as Executive Director and Chief Executive Officer. Praveen Kumar is an Executive Director, while Sarika Katiyar is identified as a promoter.

Paluck Technologies IPO Management Team

NameDesignation
Navin KatiyarManaging Director
Sumit Kumar BajajExecutive Director & CEO
Praveen KumarExecutive Director
Arun KumarIndependent Director
Pallvi SharmaIndependent Director
Gopal KrishanIndependent Director
Chirag ManniChief Financial Officer
Sumit KumarCompany Secretary & Compliance Officer

The company’s management and key managerial personnel include its Managing Director, Executive Director and CEO, Executive Director, independent directors, Chief Financial Officer and Company Secretary and Compliance Officer.

Paluck Technologies IPO Registrar Details

The registrar is responsible for processing IPO applications, finalising the basis of allotment, processing refunds, crediting shares to successful applicants and handling investor-related services.

ParticularDetails
Registrar NameBigshare Services Private Limited
Websitehttps://ipo.bigshareonline.com/IPO_Status.html
IPO Allotment Statushttps://ipo.bigshareonline.com/IPO_Status.html
Email ID[email protected]
Contact Number+91 8657578989 / 8069219065 / 8069219060

Bigshare Services Private Limited is the registrar to the Paluck Technologies IPO.

Paluck Technologies IPO Lead Manager Details

Horizon Management Private Limited is the Book Running Lead Manager for the Paluck Technologies IPO.

ParticularDetails
Lead ManagerHorizon Management Private Limited
RoleBook Running Lead Manager

Paluck Technologies Limited Contact Details

ParticularDetails
Company NamePaluck Technologies Limited
Registered Office192/6, Nitin Vihar, Opp. Indian Oil Petrol Pump, Near Hero Honda Chowk, Gurugram, Haryana – 122001
Websitehttps://palucktechno.com/
Email ID[email protected]
Contact Number9540057554

The company’s registered office is located in Gurugram, Haryana.

How to Check Paluck Technologies IPO Allotment Status

Investors can check the Paluck Technologies IPO allotment status after the basis of allotment is finalised through the registrar’s IPO allotment facility.

Through Bigshare Services Private Limited

  1. Visit the official Bigshare IPO allotment facility.
  2. Select Paluck Technologies IPO from the available IPO list.
  3. Choose PAN Number, Application Number or DP/Client ID.
  4. Enter the required details.
  5. Submit the information to view the allotment status.

The basis of allotment is scheduled for 2 September 2026, while refunds and credit of shares to demat accounts are scheduled for 3 September 2026. The proposed listing date is 4 September 2026.

Paluck Technologies IPO Conclusion

Paluck Technologies IPO provides investors with an opportunity to invest in a diversified engineering and infrastructure support company operating across automobile and engineering services, logistics and equipment rental and telecom engineering services.

The company has expanded from its original diesel generator servicing business into multiple infrastructure-related activities. Its operations include RMC-related services, construction equipment rental, logistics support, telecom site implementation and maintenance, generator servicing, automobile servicing and spare-parts distribution.

The company’s financial performance has improved significantly. PAT increased from ₹3.43 crore in FY2024 to ₹9.63 crore in FY2025 and ₹13.84 crore for the period ended 28 February 2026. EBITDA also increased from ₹13.27 crore to ₹23.93 crore over the same reported periods.

The company has also reduced its reported borrowings from ₹30.05 crore in FY2024 to ₹13.17 crore as of 28 February 2026. Its net worth increased from ₹18.48 crore to ₹45.66 crore during the same period.

The IPO proceeds are proposed to fund RMC machinery and DG sets, working-capital requirements, repayment or prepayment of borrowings and general corporate purposes.

However, investors should consider the company’s domestic-market dependence, infrastructure-sector exposure, working-capital requirements, receivables, equipment-related costs, competition and other business risks before investing.

A detailed assessment of the company’s financial performance, IPO valuation, business strategy, industry outlook and risk factors can help investors determine whether Paluck Technologies IPO is suitable for their investment objectives.

Paluck Technologies IPO FAQs

What is Paluck Technologies IPO?

Paluck Technologies IPO is a Book Built SME public issue of Paluck Technologies Limited, an engineering and infrastructure support company operating across automobile and engineering services, logistics and equipment rental and telecom engineering services.

What is the Paluck Technologies IPO Price?

The Paluck Technologies IPO price band is ₹46 to ₹48 per equity share.

What is the Paluck Technologies IPO Issue Size?

The total Paluck Technologies IPO issue size is approximately ₹33.00 crore, comprising 68,76,000 fresh equity shares. There is no Offer for Sale component.

When will Paluck Technologies IPO open and close?

The Paluck Technologies IPO is scheduled to open on 28 August 2026 and close on 1 September 2026.

What is the Paluck Technologies IPO Lot Size?

The Paluck Technologies IPO lot size is 3,000 equity shares. Individual investors need to apply for a minimum of 2 lots, or 6,000 shares.

What is the minimum investment in Paluck Technologies IPO?

At the upper price band of ₹48 per share, the minimum application of 6,000 shares requires ₹2,88,000.

What is the Paluck Technologies IPO GMP?

The reported Paluck Technologies IPO GMP reached ₹18 on 26 August 2026. GMP is unofficial and can change before listing.

When is the Paluck Technologies IPO Allotment Date?

The Paluck Technologies IPO basis of allotment is scheduled for 2 September 2026.

What is the Paluck Technologies IPO Listing Date?

Paluck Technologies shares are scheduled to be listed on the BSE SME platform on 4 September 2026.

Who is the registrar for Paluck Technologies IPO?

Bigshare Services Private Limited is the registrar to the Paluck Technologies IPO.

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