Smart Market Insights
Paluck Technologies IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: August 24, 2026
Paluck Technologies Limited, an established and diversified engineering services and infrastructure support company, is gearing up to make its primary market debut with an upcoming ₹33.00 Crore SME IPO. Known for operating across construction equipment rental, logistics, and telecom engineering services, the company boasts a robust fleet of over 190 specialized vehicles, including transit mixers and concrete pumps, to serve major infrastructure developers and EPC contractors. The subscription window for this book-built issue opens on August 28 and closes on September 1, 2026. The price band is set between ₹46 to ₹48 per equity share, comprising entirely of a fresh issue of ₹33.00 Crore with no Offer for Sale (OFS) component. The company plans to utilize the fresh capital strategically—allocating ₹10.00 Crore towards purchasing new Ready-Mix Concrete (RMC) machinery and DG sets, ₹10.00 Crore to meet working capital requirements, and ₹3.10 Crore for the repayment of outstanding borrowings. Set to list on the BSE SME platform, market participants are closely watching this niche infrastructure support player. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
Paluck Technologies IPO Details
Quick IPO Factsheet
August 28, 2026
September 1, 2026
₹46 to ₹48
3,000 Shares
(Min. 2 Lot for Retail)₹33.00 Cr
₹33.00 Cr
35% Allocation
₹10 Base
BSE SME
Paluck Technologies IPO Timeline
Deep-Dive Corporate Profile: What Does Paluck Technologies Limited Do?
Paluck Technologies Limited is a diversified engineering services and infrastructure support company. Originally established as a proprietorship in 2009 and later incorporated in 2010, the company has scaled its operations across four core verticals: Automobile & Engineering Services, Construction Equipment Rental, Logistics & Fleet Management, and Telecom Engineering Services.
The company's core business model is built around serving major infrastructure developers, EPC contractors, and telecom operators. Their operational framework is defined by the following key highlights:
- Infrastructure & Logistics Fleet: The company operates a robust fleet of over 190 specialized vehicles, including transit mixers, logistics trucks, and concrete pump units. They provide crucial concrete transportation, equipment rental, and Ready-Mix Concrete (RMC) plant setup services across states like Delhi NCR, Rajasthan, Gujarat, and Madhya Pradesh.
- Telecom Engineering Services: Paluck Technologies acts as a trusted implementation and maintenance partner for major telecom operators and OEMs. To date, they have successfully managed operations, network expansion, and maintenance across more than 7,500 telecom sites throughout India.
- Authorized OEM Dealership & Servicing: The company operates as an Authorized Service Center for various Original Equipment Manufacturers (OEMs). They specialize in NGT-compliant environmental solutions, offering diesel and gas generator servicing, RECD (Retrofit Emission Control Device) solutions, and dual-fuel conversion kits.
- Tech-Enabled Operations: To manage its complex logistics and engineering verticals, the company's entire fleet is supported by an advanced, integrated digital monitoring system that utilizes ERP, SAP, and GPS tracking solutions to ensure maximum operational efficiency.
Why is the Company Raising Funds? (Objects of the Issue)
The Paluck Technologies IPO is a book-built SME issue sized at ₹33.00 Crore. This capital raise is structured entirely as a Fresh Issue of 68.76 Lakh shares, meaning there is absolutely no Offer for Sale (OFS) component from existing promoters.
The net proceeds from this fresh capital raise will be allocated toward the following primary financial objectives:
- Capital Expenditure (₹10.00 Crore): A major portion of the funds will be utilized to purchase new Ready-Mix Concrete (RMC) machinery and Diesel Generator (DG) sets. This direct investment in physical assets will allow the company to aggressively expand its infrastructure equipment rental and logistics fleet.
- Working Capital Requirements (₹10.00 Crore): To support ongoing day-to-day operational expenses, manage equipment inventory, and seamlessly execute larger engineering and telecom maintenance contracts without straining their daily liquidity.
- Debt Repayment (₹3.10 Crore): These funds are explicitly earmarked for the full or partial repayment and pre-payment of certain outstanding borrowings currently on the company's balance sheet, which will help reduce immediate finance costs.
- General Corporate Purposes: The remaining balance of the net proceeds will be deployed for broad corporate initiatives, strategic business contingencies, and covering the IPO-related expenses.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹101.74 | ₹18.48 | ₹3.43 | ₹53.53 |
| FY 2025 | ₹102.90 | ₹31.82 | ₹9.63 | ₹66.98 |
| 11M FY 2026 | ₹105.09 | ₹45.66 | ₹13.84 | ₹105.09 |
Paluck Technologies IPO Key Performance Indicators (KPIs)
| Financial KPI (11M FY26)* | Value |
|---|---|
| Return on Equity (ROE) | 30.31% (11M FY26) |
| Return on Capital Employed (ROCE) | 27.43% (11M FY26) |
| EBITDA Margin | 22.79% (11M FY26) |
| PAT Margin | 13.18% (11M FY26) |
| Debt to Equity Ratio | 0.29 (11M FY26) |
| Return on Net Worth (RoNW) | 30.31% (11M FY26) |
| Earnings Per Share (EPS) | ₹6.91 (Pre-IPO) | ₹7.25 (Post-IPO) |
| Price/Earning (P/E) Ratio | 6.95x (Pre-IPO) | 6.62x (Post-IPO) |
| Net Asset Value (NAV) | ₹32.74 (Pre-IPO) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 86.55% | 57.97% |
| Public / Institutional / Others | 13.45% | 42.03% |
Paluck Technologies Limited is promoted by Navin Katiyar, Praveen Kumar, Sarika Katiyar, and Sumit Kumar Bajaj. Prior to this issue, the promoter group held a commanding 86.55% equity stake. Post-issue, factoring in the ₹33.00 Crore fresh equity dilution (with zero Offer for Sale), the promoter holding will adjust to 57.97%. The significant ₹10.00 Crore allocation for capital expenditure (RMC machinery and DG sets) alongside ₹10.00 Crore for working capital highlights a strategic move to scale their infrastructure equipment fleet and telecom servicing capabilities, positioning the company to take on larger, higher-margin contracts.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | RoNW (%) |
|---|---|---|---|
| Paluck Technologies Ltd (IPO) | 7.25 | 6.62 | 30.31% |
| *As per the official Red Herring Prospectus (RHP), there are no listed companies in India engaged in a strictly comparable business model spanning both telecom engineering services and specialized infrastructure equipment rentals. Therefore, an exact industry peer comparison is not applicable. | |||
IPO Strengths & Key Risks
Smart Market Insights
Paluck Technologies Limited has carved out a highly specialized, asset-backed niche in India's infrastructure and telecom support sectors. By seamlessly operating across construction equipment rental, logistics, and telecom engineering, the company actively manages a heavy fleet of over 190 specialized vehicles (including transit mixers and concrete pumps) and maintains over 7,500 telecom sites nationwide. This diversified B2B service model has translated into robust financial momentum, scaling total income to ₹105.09 Crore in just the 11-month period ending February 2026, alongside an impressive Profit After Tax (PAT) jump to ₹13.84 Crore.
From a balance sheet perspective, Paluck Technologies demonstrates exceptional capital efficiency with a Return on Capital Employed (ROCE) of 27.43% and a Return on Net Worth (RoNW) of 30.31%. The core fundamental catalyst for investors is that this ₹33.00 Crore SME IPO is a 100% fresh issue. The strategic allocation of ₹10.00 Crore towards capital expenditure (specifically new RMC machinery and DG sets) directly expands their revenue-generating asset base, while another ₹10.00 Crore bolsters working capital for larger contracts. However, investors must weigh critical risks: heavy reliance on a concentrated group of EPC and telecom clients, the inherent capital intensity of equipment rentals, and vulnerability to cyclical slowdowns in the real estate sector.
At the upper price band of ₹48 per share, the stock is valued at a highly attractive post-IPO P/E multiple of just 6.62x (based on annualized FY26 post-issue EPS). While the company lacks direct listed peers in the Indian public market for an exact comparison, the valuation leaves comfortable money on the table for new entrants. Backed by solid OEM partnerships and strong bottom-line growth, the issue presents a compelling risk-to-reward ratio for medium to long-term SME investors who can accommodate the ₹2.88 Lakh (2 lots / 6,000 shares) minimum retail ticket size.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and SME equities are subject to lower liquidity and broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
Paluck Technologies IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
Phone: +91-22-6263-8200
Email: ipo@bigshareonline.com
Website: bigshareonline.com
|
| 🏢 Company Contact |
Paluck Technologies Limited
Unit No- 261, JMD Megapolis, Sohna Road, Sector 48, Gurgaon, Haryana - 122001, India
Phone: +91-95400-57554
Email: cs@palucktechno.com
Website: palucktechno.com
|
| 💼 Merchant Bankers |
Horizon Management Private Limited
19 R. N. Mukherjee Road, 2nd Floor, Kolkata - 700001, West Bengal, India
Phone: +91-33-4067-5333
Email: merchantbanking@horizon.net.co
Website: horizonmanagement.in
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the Paluck Technologies IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the Paluck Technologies IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
- Official Registrar Portal: Visit the official allotment portal of Bigshare Services Private Limited.
- Stock Exchange Portal: Verify directly on the official BSE SME IPO allotment status page.