Paluck Technologies IPO- Company Analysis
Paluck Technologies IPO under the SME IPO category is a bookbuild issue of Rs. 33 Cr by Paluck Technologies Limited, which is a multifaceted engineering services and infrastructure support business that operates in the areas of telecom engineering services, construction equipment rental, automotive and engineering services, and logistics and fleet management.
Since its founding in 2009 as a sole proprietorship offering diesel generator services, the company has grown into a number of technical and infrastructure sectors.
The company offers concrete transportation, infrastructure equipment rental, and RMC plant setup services under the Construction Equipment Rental and Logistics sector.
Paluck Technologies IPO Details
The Paluck Technologies IPO date of opening is 28 Aug 2026; its initial public offering will end on 01 Sep, IPO allotment on Sep 02 and refund initiation on Sep 03, 2026.
The Rs. 33 crore new SME IPO comprises a wholly fresh issue of 0.69 crore shares.
The Paluck Technologies IPO listing date (expected) might be Friday, Sep 04, 2026, and the listing on the BSE and SME.
The Paluck Technologies IPO price band is Rs. 46 to Rs. 48.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 28, 2026 |
|
IPO Closing Date |
Sep 01, 2026 |
|
IPO Allotment Date |
Sep 02, 2026 |
|
Refund Initiation |
Sep 03, 2026 |
|
IPO Listing Date |
Sep 04, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
28 Feb 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
689.75 |
1,085.05 |
1,189.79 |
|
Net Cash Flow Investing Activities |
(0.79) |
2.17 |
86.90 |
|
Net Cash Flow Financing Activities |
(700.68) |
(1,072.67) |
(1,280.05) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding capital expenditure towards the purchase of new Ready-Mix Concrete (RMC) machinery and DG sets. ~ Rs. 10 Cr.
-
Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. ~ Rs. 3.10 Cr.
-
Funding the working capital requirements of the Company. ~ Rs. 10 Cr.
-
General Corporate Purposes.
Listed Peers of Paluck Technologies Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Feb 28, 2026) |
|
ROE |
30.31% |
|
ROCE |
27.43% |
|
Debt/Equity |
0.29 |
|
RoNW |
30.31% |
|
PAT Margin |
13.18% |
|
EBITDA Margin |
22.79% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 31.51 from the last year, the resulting P/E ratio is 1.52x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
6.91 |
7.25 |
|
P/E (x) |
6.95 |
6.62 |
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IPO's Strengths
-
Deep expertise in NGT-compliant environmental solutions and DG sets.
-
Strong track record in managing 7,500+ telecom sites.
-
One of the largest construction equipment rental fleets in North India.
-
Long-standing relationships with leading telecom operators and OEMs.
IPO's Weaknesses
-
The company is heavily dependent on a limited number of customers. Any loss of business, reduction in orders, or deterioration in commercial terms with these customers could materially and adversely affect its revenues, cash flows, profitability, and long-term growth prospects.
-
The company has experienced delays in repayment of loans in the past. Such delays may adversely affect its credit profile, access to future financing, and investor confidence.
-
There have been instances of non-compliance in filing statutory forms required under the reporting requirements of the Registrar of Companies under the Companies Act. Such non-compliance may attract penalties.
Paluck Technologies IPO GMP (Grey Market Premium)
Paluck Technologies IPO GMP today has not started yet as of 24 August 2026, while writing this information.
Paluck Technologies IPO Summary
|
IPO Opening & Closing Date |
28 Aug, 2026 to 01 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 46 to Rs. 48 per Share. |
|
Lot Size |
3000 Shares |
|
Issue Size |
68,76,000 Shares (Rs. 33 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
65,31,000 Shares (Rs. 31 Cr) |
|
Market Makers |
3,45,000 Shares (Rs. 2 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (6000 Shares) for Rs. 2,88,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (9000 Shares) for Rs. 4,32,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Paluck Technologies IPO Allotment Status
To check the Paluck Technologies IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Paluck Technologies Ltd.
-
Navin Katiyar
-
Praveen Kumar
-
Sarika Katiyar
-
Sumit Kumar Bajaj.
|
Pre-Issue Promoter Shareholding |
86.55% |
|
Post-Issue Promoter Shareholding |
57.97% |
IPO Lead Managers
Horizon Management Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Paluck Technologies IPO reflects the company’s growth journey across engineering services, infrastructure support, and logistics sectors. With improving financial performance, rising profitability, and reduced borrowings, the company shows positive business momentum.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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