IPO Listed — 04 Sep 2026
Listing Price: ₹46.8
Paluck Technologies SME IPO GMP History | Listing Price ₹46.8 & Kostak Rate
Paluck Technologies SME IPO has been listed on September 4, 2026 at a listing price of ₹46.8, against the issue price of ₹48 — a loss of ₹1.2 (-2.5%). The GMP peaked at ₹30 on 31 August 2026 and reached a low of ₹9 on 4 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Paluck Technologies SME IPO raised ₹33 Cr. through its IPO at a price band of ₹46 to ₹48 per share, with a lot size of 3000 shares. The IPO was open for subscription from 28 Aug 2026 to 01 Sep 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Sep 2026 | ₹ 9 | 18.75% | ₹ 0 | ₹ 0 | |
| 03 Sep 2026 | ₹ 9 | 18.75% | ₹ 0 | ₹ 0 | |
| 02 Sep 2026 | ₹ 10 | 20.83% | ₹ 0 | ₹ 0 | |
| 01 Sep 2026 | ₹ 20 | 41.67% | ₹ 0 | ₹ 0 | |
| 31 Aug 2026 | ₹ 30 | 62.50% | ₹ 0 | ₹ 0 | |
| 30 Aug 2026 | ₹ 25 | 52.08% | ₹ 0 | ₹ 0 | |
| 29 Aug 2026 | ₹ 25 | 52.08% | ₹ 0 | ₹ 0 | |
| 28 Aug 2026 | ₹ 25 | 52.08% | ₹ 0 | ₹ 0 | |
| 27 Aug 2026 | ₹ 25 | 52.08% | ₹ 0 | ₹ 0 | |
| 26 Aug 2026 | ₹ 25 | 52.08% | ₹ 0 | ₹ 0 | |
| 25 Aug 2026 | ₹ 18 | 37.50% | ₹ 0 | ₹ 0 | |
| 24 Aug 2026 | ₹ 10 | 20.83% | ₹ 0 | ₹ 0 |
Paluck Technologies SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 28 Aug, 2026 |
| Close Date | 01 Sep, 2026 |
| Allotment Date | 02 Sep, 2026 |
| Refund Date | 03 Sep, 2026 |
| Credit to Demat | 03 Sep, 2026 |
| Listing Date | 04 Sep, 2026 |
Paluck Technologies SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹48 |
| GMP-Based Estimate (Pre-Listing) | ₹57 (+18.8%) |
| Actual Listing Price | ₹46.8 (-2.5%) |
| Listing Gain / Loss | ₹-1.2 per share |
| Listing Date | 04 Sep, 2026 |
Is Paluck Technologies SME IPO GMP Reliable?
Grey market premium for Paluck Technologies SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Paluck Technologies SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Paluck Technologies SME IPO IPO Kostak Rate Explained
The Kostak rate for Paluck Technologies SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Paluck Technologies SME IPO
In construction equipment rental and logistics it carries concrete, rents out infrastructure equipment and sets up ready mix concrete plants. It runs a fleet of more than 190 specialised vehicles, including transit mixers, logistics trucks and concrete pump units, serving infrastructure developers, EPC contractors and cement makers across Delhi NCR, Rajasthan, Haryana, Madhya Pradesh, Gujarat, Odisha and Jammu & Kashmir. The fleet is tracked through a digital monitoring system linked to ERP, SAP and GPS.
In telecom engineering it works as an implementation and maintenance partner for major telecom operators and equipment makers, and has handled operations and maintenance across more than 7,500 telecom sites in India. It is also an authorised service centre and dealer for various OEMs, doing diesel and gas generator servicing, dual fuel conversion kits, RECD solutions, commercial vehicle and two wheeler servicing and spare parts distribution. As on 28 February 2026 it had 192 employees.
Strengths & Risks
Strengths
- ✓ Profit has grown strongly, from Rs 3.43 crore in FY2024 to Rs 9.63 crore in FY2025 and Rs 13.84 crore for the period ended 28 February 2026.
- ✓ EBITDA has improved steadily, from Rs 13.27 crore in FY2024 to Rs 18.99 crore in FY2025 and Rs 23.93 crore in the latest period.
- ✓ The company has cut its debt sharply while growing, with borrowing down from Rs 30.05 crore in FY2024 to Rs 17.49 crore in FY2025 and Rs 13.17 crore in the latest period.
- ✓ Net worth has grown from Rs 18.48 crore in FY2024 to Rs 45.66 crore in the latest period.
- ✓ The business runs across four different segments, engineering services, equipment rental, logistics and telecom, so a slowdown in one does not stop everything.
- ✓ It owns a large fleet of more than 190 specialised vehicles, including transit mixers and concrete pumps, which it describes as one of the largest construction equipment rental fleets in North India.
- ✓ It has handled operations and maintenance across more than 7,500 telecom sites, which shows it can work at scale for large operators.
- ✓ The fleet is monitored through a system linked to ERP, SAP and GPS, which helps utilisation and billing.
- ✓ The whole issue is fresh capital, with Rs 10 crore for new ready mix concrete machinery and DG sets and Rs 10 crore for working capital.
Risks
- ⚠ Sales have been almost flat. Total income was Rs 101.74 crore in FY2024 and Rs 102.90 crore in FY2025, which is barely 1% growth, and the profit rise has come from margin rather than from selling more.
- ⚠ The financial data shows total assets and total income both as exactly Rs 105.09 crore for the period ended 28 February 2026. Two different items showing the same figure looks like an error and should be checked in the RHP.
- ⚠ The latest period is an eleven month stub ending 28 February 2026, not a full year, so it cannot be compared directly with the full years before it.
- ⚠ Equipment rental is a capital heavy business. A fleet of transit mixers and concrete pumps wears out and needs regular replacement, which keeps absorbing cash.
- ⚠ Rental demand depends on construction and infrastructure activity. If projects slow down, vehicles sit idle while the cost of owning them continues.
- ⚠ Telecom operations and maintenance work is contract based with a few large operators, who have strong bargaining power on rates at every renewal.
- ⚠ A part of the business is diesel generator servicing and dual fuel conversion. Emission and environmental rules in this area keep changing, which can help or hurt depending on how they move.
- ⚠ Promoter holding falls sharply from 86.55% to 57.97% after the issue.
- ⚠ This is an SME issue. One lot is 3,000 shares, which is Rs 1.44 lakh at the upper band of Rs 48, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Paluck Technologies SME IPO
What is the GMP of Paluck Technologies SME IPO?
The current Grey Market Premium (GMP) of Paluck Technologies SME IPO is ₹ 9.
What is the Kostak Price of Paluck Technologies SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Paluck Technologies SME IPO is currently not available.
What is the Subject to Sauda Price of Paluck Technologies SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Paluck Technologies SME IPO?
Paluck Technologies SME IPO listed on September 4, 2026 at ₹46.8, against the issue price of ₹48 — a loss of -2.5%.
How did the GMP of Paluck Technologies SME IPO trend before listing?
The GMP of Paluck Technologies SME IPO was stable in its final days before listing. The GMP peaked at ₹30 on 31 August 2026. View the day-wise table above for the complete GMP history.
Explore Paluck Technologies SME IPO Further
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