Paluck Technologies IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 83.89x |
| NII | 286.74x |
| sNII (₹2L–₹10L) | 283.32x |
| bNII (above ₹10L) | 288.43x |
| Retail (RII) | 372.67x |
| Total | 789.16x |
Bidding day 5 · final figures at close of bidding: 4 Sept 2026, 6:30 pm IST
IPO Details
- Open Date
- 28 Aug 2026
- Close Date
- 1 Sept 2026
- Listing Date
- 4 Sept 2026
- Face Value
- ₹10
- Fresh Issue
- ₹31.35 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- Bigshare Services
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,88,000 |
| HNI (Min) | 3 | 9,000 | ₹4,32,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 19,56,000 | 29.95% |
| QIB (ex-anchor) | 13,08,000 | 20.03% |
| NII | 9,81,000 | 15.02% |
| — sNII (< ₹10L) | 3,24,000 | 4.96% |
| — bNII (> ₹10L) | 6,57,000 | 10.06% |
| Retail | 22,86,000 | 35% |
| Total | 65,31,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 101.74 | 3.43 | 13.27 | 18.48 | 53.53 | 30.05 | — |
| FY 2025 | 102.9 | 9.63 | 18.99 | 31.82 | 66.98 | 17.49 | — |
| Feb 2026 (interim) | 105.09 | 13.84 | 23.93 | 45.66 | 105.09 | 13.17 | 6.91 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 6.95x
- P/E (post-issue)
- 6.62x
- RoNW
- 30.31%
- RoE
- 30.31%
- RoCE
- 27.43%
- Debt / Equity
- 0.29
- EPS (pre-issue)
- ₹6.91
- EPS (post-issue)
- ₹7.25
- EBITDA Margin
- 22.79%
- PAT Margin
- 13.18%
- P/BV
- 1.47x
- NAV / share
- ₹32.74
- Market Cap
- ₹99.95 Cr
As of 28 Feb 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding capital expenditure towards the purchase of new Ready-Mix Concrete (RMC) machinery and DG sets | ₹10 Cr |
| Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company | ₹3.1 Cr |
| Funding the working capital requirements of the Company | ₹10 Cr |
| General corporate purposes | ₹4.95 Cr |
| Issue Expenses | ₹4.95 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees payable to the BRLM (inclusive underwriting commission | ₹0.35 Cr |
| Fees Payable to the Registrar to the Issue | ₹0.03 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.09 Cr |
| Fees Payable to the Regulators including Stock Exchanges | ₹0.15 Cr |
| Payment for Printing & Stationery, Postage, etc | ₹0.01 Cr |
| Fees Payable to Auditor, Legal Advisors and other Professionals | ₹0.12 Cr |
| Market Making Fees | ₹0.05 Cr |
| Underwriting and Selling Commission Fees | ₹3.63 Cr |
| Others, if any (Fees payable for Marketing & distribution expenses, Sponsor Bank/Banker(s) to the Issue, Brokerage, Depository Participant, Industry Report, Peer Review Auditors, Processing Fees* and Miscellaneous Expenses | ₹0.52 Cr |
Promoters & Shareholding
Promoters: <p>Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj</p>
- Holding (pre-issue)
- 86.55%
- Holding (post-issue)
- 57.97%
- Dilution
- 28.58%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES | FII/FPI | 3,96,000 | ₹48 | 1.9 | 20.25% |
| NEXT ORBIT GROWTH FUND III | Other | 2,70,000 | ₹48 | 1.3 | 13.8% |
| NEXUS GLOBAL OPPORTUNITIES FUND | FII/FPI | 2,40,000 | ₹48 | 1.15 | 12.27% |
| 360 ONE PRIME LTD. | Other | 2,10,000 | ₹48 | 1.01 | 10.74% |
| PESB ALPHA FUND | Other | 2,10,000 | ₹48 | 1.01 | 10.74% |
| ARVESTA FINANCIAL SERVICES PVT.LTD. | Other | 2,10,000 | ₹48 | 1.01 | 10.74% |
| MONEYWISE FINANCIAL SERVICES PVT.LTD. | Other | 2,10,000 | ₹48 | 1.01 | 10.74% |
| VIJIT GROWTH FUND | Other | 2,10,000 | ₹48 | 1.01 | 10.74% |
Anchor bidding took place on 27 Aug 2026. Anchor lock-in: 50% of shares unlock on 1 Oct 2026, the remainder on 30 Nov 2026.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Paluck Technologies IPO
The Paluck Technologies SME IPO is open between 28 Aug 2026 and 1 Sept 2026, offered at a price band of ₹46–48 per share, and is set to list on BSE. The IPO seeks to raise ₹33 crore. Retail investors bid in lots of 3000 shares, a minimum application of ₹2,88,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹31.35 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding capital expenditure towards the purchase of new ready-mix concrete (rmc) machinery and dg sets (₹10 crore), alongside funding the working capital requirements of the company (₹10 crore). In all, 5 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Paluck Technologies reported revenue of ₹105.09 crore and a net profit of ₹13.84 crore. Revenue grew from ₹101.74 crore in FY2024 to ₹105.09 crore in FY2026 (+3.0%). Net worth stood at ₹45.66 crore at the end of FY2026. At the upper band, that puts the issue at roughly 6.9× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 6.62× post-issue earnings and 1.47× book value, against a return on net worth of 30.31% and a debt-to-equity ratio of 0.29. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj</p>. Promoter holding stands at 86.55% before the issue and comes down to 57.97% after listing.
Grey market premium (GMP)
In the unofficial grey market, Paluck Technologies shares are quoted at a premium of ₹9 implying an expected listing around ₹57, about +18.8% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Paluck Technologies IPO was subscribed 789.16 times overall. The strongest demand came from retail investors at 372.67 times, with qualified institutional buyers (QIB) at 83.89× and non-institutional investors (NII) at 286.74×.
Listing performance
Paluck Technologies listed on 4 Sept 2026 at ₹46.8, a discount of -2.5% over the issue price of ₹48.
What to weigh
When evaluating the Paluck Technologies IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Paluck Technologies
Incorporated in 2010, Paluck Technologies initially started as diesel generator services provider company but over the time, it has grown into a multi-service engineering and infrastructure company. Today, the company operates in several key areas: Construction Equipment Rental : Provides concrete transport, RMC plant setup, and equipment rentals using a large fleet (123 transit mixers, 13 concrete pumps, 57 trucks) for major infrastructure companies across India in regions like Delhi NCR, Rajasthan, Gujarat, and more. Logistics & Fleet Management : Manages a fleet of over 193 vehicles, including mixers and pumps, supported by digital systems like ERP, SAP, and GPS for smooth operations. Telecom Engineering Services : Works with top telecom operators and OEMs to install and maintain over 7,500 telecom sites across India. Authorized Dealerships & Service Centers : Offers services and parts for diesel/gas generators and commercial/two-wheeler vehicles in Haryana. Also installs dual-fuel kits and emission control devices as per NGT rules. Competitive Strengths Deep Expertise of Environmental Product Solution (NGT Compliant DG Sets) Telecom Contracts with big well known giant One of the largest Fleet of Renting Construction Equipment's in North India Custom grown IT SYSTEM for Robust Monitoring & Business Review Retention of Core Management Team since last 10 Years. Strong Expertise of handling 10000+ Telecom Site’s Operations & Maintenance
Paluck Technologies — Contact Details
- Registered office
- 192/6,, Nitin Vihar, Opp. Indian Oil Petrol Pump, Near Hero Honda Chowk, Gurugram, Haryana, 122001
- Phone
- 9540057554
- cs@palucktechno.com
- Website
- palucktechno.com/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Paluck Technologies IPO price band?
- The Paluck Technologies IPO price band is ₹46 to ₹48 per share, with a lot size of 3000 shares.
- What was the Paluck Technologies IPO GMP before listing?
- The final grey market premium recorded before the Paluck Technologies IPO listed was ₹9. The IPO listed on 4 Sept 2026 at ₹46.8, -2.5% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Paluck Technologies IPO open and close?
- The Paluck Technologies IPO opens on 28 Aug 2026 and closes on 1 Sept 2026.
- When is the Paluck Technologies IPO allotment and listing date?
- Allotment is expected on 2 Sept 2026. The shares are scheduled to list on 4 Sept 2026 on BSE.
- How many times was the Paluck Technologies IPO subscribed?
- The Paluck Technologies IPO was subscribed 789.16 times in total across all investor categories.
- What is the reservation split in the Paluck Technologies IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20.03% (plus 29.95% anchor), non-institutional investors 15.02%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Paluck Technologies and what is their holding?
- The promoters are <p>Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj</p>. Promoter holding is 86.55% before the issue and 57.97% after listing.
- What is the P/E ratio of the Paluck Technologies IPO?
- At the upper price band, the Paluck Technologies IPO is valued at 6.95× pre-issue earnings and 6.62× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Paluck Technologies IPO?
- The net proceeds go primarily toward funding capital expenditure towards the purchase of new ready-mix concrete (rmc) machinery and dg sets, among 5 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Paluck Technologies IPO?
- The book-running lead manager is Horizon Management Pvt.Ltd.. Bigshare Services is the registrar to the issue.
- Is Paluck Technologies a Mainboard or SME IPO?
- Paluck Technologies is an SME IPO, listing on BSE (SME platform).