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, 4 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 ₹0 implying an expected listing around ₹48, about +0.0% 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.

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 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 &amp; 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 &amp; 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 &amp; Business Review Retention of Core Management Team since last 10 Years. Strong Expertise of handling 10000+ Telecom Site&rsquo;s Operations &amp; Maintenance