Paluck Technologies SME IPO
Paluck Technologies IPO — date, price band, GMP & allotment 2026
Paluck Technologies Limited is a diversified engineering services and infrastructure support company working in automobile and engineering services, construction equipment rental, logistics and fleet management, and telecom engineering. It runs a fleet of over 190 specialised vehicles and has handled maintenance across more than 7,500 telecom sites.
Stock price
Paluck Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 28 Aug 2026
- Close 01 Sep 2026
- Allotment 02 Sep 2026
- Refund/credit 03 Sep 2026
- Listing 04 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 Aug to 1 Sep, 2026 |
|---|---|
| Price Band | ₹46 – ₹48 |
| Face Value | ₹10 |
| Lot Size | 3000 Shares |
| Issue Size | ₹33 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,88,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 3000 shares at the ₹48 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 6,000 | ₹2,88,000 |
| Retail (max) | 2 | 6,000 | ₹2,88,000 |
| HNI (min) | 3 | 9,000 | ₹4,32,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 9
- 01Profit 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.
- 02EBITDA 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.
- 03The 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.
- 04Net worth has grown from Rs 18.48 crore in FY2024 to Rs 45.66 crore in the latest period.
- 05The business runs across four different segments, engineering services, equipment rental, logistics and telecom, so a slowdown in one does not stop everything.
- 06It 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.
- 07It has handled operations and maintenance across more than 7,500 telecom sites, which shows it can work at scale for large operators.
- 08The fleet is monitored through a system linked to ERP, SAP and GPS, which helps utilisation and billing.
- 09The 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 · 9
- 01Sales 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.
- 02The 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.
- 03The 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.
- 04Equipment rental is a capital heavy business. A fleet of transit mixers and concrete pumps wears out and needs regular replacement, which keeps absorbing cash.
- 05Rental demand depends on construction and infrastructure activity. If projects slow down, vehicles sit idle while the cost of owning them continues.
- 06Telecom operations and maintenance work is contract based with a few large operators, who have strong bargaining power on rates at every renewal.
- 07A 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.
- 08Promoter holding falls sharply from 86.55% to 57.97% after the issue.
- 09This 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.
Three years of numbers
All figures in ₹ crore, as reported in the Paluck Technologies offer document.
| Metric | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 105.09 | 66.98 | 53.53 |
| Total Income | 105.09 | 102.90 | 101.74 |
| Profit After Tax | 13.84 | 9.63 | 3.43 |
| EBITDA | 23.93 | 18.99 | 13.27 |
| NET Worth | 45.66 | 31.82 | 18.48 |
| Reserves and Surplus | 31.71 | 28.72 | 15.55 |
| Total Borrowing | 13.17 | 17.49 | 30.05 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Paluck Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Paluck Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.25 |
| P/E Ratio (x) | 6.62 |
| Market Cap at Offer Price (₹ Cr) | ₹91.63 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹48 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹23.10 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
9540057554
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Horizon Management Pvt. Ltd.
5 issues handledBest listing: Atharva Polyplast (+15.0%). Weakest: Yajur Fibres (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Paluck Technologies?
The current Grey Market Premium is ₹9, or 18.75% over the issue price.
What is the Paluck Technologies IPO price band?
₹46 to ₹48, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 September 2026, with listing on 4 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
