Paluck Technologies IPO: Paluck Technologies IPO has opened for subscription from today i.e. 28th August 2026 for those investing in SME IPO. The company will raise Rs 33 crore from this issue. The price band of IPO is Rs 46 to Rs 48 per share. The share is said to be trading at a premium (GMP) of around Rs 25 in the gray market.
If the upper price band of Rs 48 and GMP of Rs 25 remains intact, then the estimated listing of the share can be at Rs 73. According to this, the potential listing gain is around 52.08%. However GMP is an unofficial indicator and the actual listing price may differ.
You can apply till 1st September
Bidding can be done in Paluck Technologies IPO from 28 August to 1 September 2026. The allotment of shares is expected to take place on September 2, while the probable date of listing on BSE SME is September 4, 2026.
This is a completely fresh issue. The company will issue a total of 68.76 lakh shares. There are 3,000 shares in one lot. The price of one lot in the upper price band is Rs 1.44 lakh. The retail investor will have to invest Rs 2.88 lakh for a minimum of 2 lots i.e. 6,000 shares. For NII i.e. HNI investors, there is a minimum of 3 lots i.e. 9,000 shares, which will be worth Rs 4.32 lakh.
Who will get how much share?
In the total issue, 3.45 lakh shares have been allotted on firm basis. The net offer to the public is 65.31 lakh shares. In this, 49.98% share has been kept for QIB, 15.02% for NII and 35% for retail investors.
The book running lead manager of the IPO is Horizon Management Private Limited. The registrar is BigShare Services Private Limited and the market maker is Giriraj Stock Broking Private Limited.
What does Paluck Technologies do?
Paluck Technologies is an engineering services and infrastructure support company. Its business is in automobile and engineering services, construction equipment rental, logistics and fleet management and telecom engineering services.
The company was started in 2009 as a proprietorship firm providing diesel generator services. It now has more than 190 specialized vehicles, including transit mixers, logistics trucks and concrete pump units.
The company provides services in many areas including Delhi-NCR, Rajasthan, Haryana, Madhya Pradesh, Gujarat, Odisha and Jammu and Kashmir. In the telecom business, the company has done operation and maintenance work on more than 7,500 sites.
Profit increased, debt decreased
The total income of the company till 28 February 2026 was Rs 105.09 crore. It was Rs 102.90 crore in FY 2025 and Rs 101.74 crore in FY 2024.
The PAT of the company increased to Rs 13.84 crore, which was Rs 9.63 crore in FY 2025 and Rs 3.43 crore in FY 2024. EBITDA also increased to Rs 23.93 crore.
As of February 28, 2026, the company's net worth was Rs 45.66 crore and total borrowings were Rs 13.17 crore. The borrowing in March 2025 was Rs 17.49 crore and in March 2024 it was Rs 30.05 crore.
Where will the IPO funds be spent?
The company will spend Rs 10 crore from the money received from IPO on purchasing RMC machinery and new DG sets. Rs 3.10 crore will be used for repayment of existing loan and Rs 10 crore for working capital. The remaining amount will be spent on general corporate needs.
GMP indicates profit up to 52%
As of 7:30 am on August 28, the GMP of Paluck Technologies was reported to be Rs 25. Adding this to the upper price band of Rs 48, the estimated listing comes to Rs 73. This means a possible listing gain of about 52.08%.
However, GMP is not an official figure. Actual listing price may vary depending on market conditions and demand. Before investing in SME IPO, it is important to understand the company's business, financial position and risks.
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