Paluck Technologies IPO

Paluck Technologies IPO is a book-built issue worth ₹33 crore. It comprises of 69 lakh shares, with no offer-for-sale component.

The IPO will open for subscription on August 28, 2026, and close on September 1, 2026. The allotment is expected to be finalised on September 2, 2026. The company is proposed to list on the BSE SME platform on September 4, 2026.

The IPO has a price band of ₹46 to ₹48 per share, with a lot size of 3,000 shares. Retail investors need to apply for at least 2 lots, or 6,000 shares, requiring a minimum investment of ₹2.88 lakh at the upper price band. HNI investors need to apply for at least 3 lots, or 9,000 shares, amounting to ₹4.32 lakh.

Horizon Management Pvt. Ltd. is the book-running lead manager for the IPO, while Bigshare Services Pvt. Ltd. is the registrar. Giriraj Stock Broking Pvt. Ltd. has been appointed as the market maker.

Paluck Technologies IPO Important Dates

About Paluck Technologies

Paluck Technologies Limited is an Indian engineering services and infrastructure support company established in 2010. It started as a diesel generator service provider and has since expanded its operations across four major business segments.

The company provides automobile and engineering services, including commercial vehicle servicing, dual-fuel conversions and emission control solutions. It is also an authorised service partner and dealer for brands such as Ashok Leyland, Bosch and Kirloskar.

Paluck Technologies also offers construction equipment rental and logistics services. It provides equipment such as transit mixers and concrete pumps to infrastructure and EPC companies and operates a fleet of more than 190 specialised vehicles equipped with GPS and digital tracking systems.

In addition, the company provides telecom engineering services, including network expansion, tower installation and site maintenance for telecom operators and equipment manufacturers. Headquartered in Gurgaon, Haryana, Paluck Technologies serves clients in the infrastructure, automotive, telecom and energy sectors across several states in India.

Paluck Technologies IPO Objectives

• The company will spend ₹10.00 crore to purchase new machinery to make Ready-Mix Concrete (RMC) and Diesel Generator (DG) sets.
• The company will additionally spend ₹10.00 crore to support day-to-day operational liquidity and increase their buffer of working capital.
• It will spend ₹3.10 crore on pre-payment or repayment, in full or in part, of certain outstanding borrowings.
• It will also use the IPO proceeds cover issue expenses and fund broader operational and strategic activities.

Industry Outlook

1. India’s expected GDP growth of 6.3%–6.8% in FY 2025–26 is supporting industrial activity, power generation and infrastructure development.
2. Government infrastructure spending and projects under the National Infrastructure Pipeline (NIP) are increasing demand for construction equipment rentals and Ready-Mix Concrete (RMC) facilities.
3. India’s growing telecom sector and rapid 5G rollout are creating demand for network expansion, tower installation and maintenance services.
4. The shift towards cleaner mobility and stricter emission norms is creating opportunities in dual-fuel conversions, RECD solutions and related engineering services.

Financial Performance of Paluck Technologies

Paluck Technologies Peer Comparison

Based on the offering details provided in the Red Herring Prospectus (RHP), Paluck Technologies Limited states that there are no directly comparable listed peers in India that strictly align with its unique combination of diesel generator services, telecom engineering, and fleet management operations.

Strengths and Opportunities for Paluck Technologies

1. Paluck Technologies operates more than 190 specialised vehicles, including transit mixers, concrete pumps and logistics trucks, serving infrastructure and cement companies across several states.
2. The company has managed and maintained more than 7,500–10,000 telecom sites across India for major telecom operators and OEMs.
3. Paluck Technologies specialises in NGT-compliant RECD installations and dual-fuel conversion kits, helping customers meet emission requirements.
4. Its fleet is supported by ERP, SAP and GPS-based tracking systems, enabling better route planning, vehicle deployment and equipment utilisation.
5. The company has maintained a stable core management team for more than 10 years, supporting consistent business operations and strategy.
6. Its presence across automobile services, equipment rentals, logistics and telecom infrastructure helps reduce dependence on any single business segment.
7. The company has established relationships with major OEMs and operates authorised service centres for vehicle and generator servicing and spare parts.
8. Rising government spending on highways, smart cities and large infrastructure projects could support demand for the company’s equipment rental and logistics services.
9. Continued 5G rollout, network upgrades and telecom site maintenance could create sustained demand for its telecom engineering services.
10. Tighter environmental regulations could increase demand for RECD installations and dual-fuel conversion solutions for generator sets. 

Risks and Threats for Paluck Technologies

1. The company faces legal proceedings involving ₹228.34 lakh and a criminal complaint from Tata Capital related to a loan default of ₹523.43 lakh.
2. The top 10 customers contributed 44.73% of revenue in the 11-month period ended February 28, 2026, and accounted for 65.56% in FY23, creating dependence on a limited customer base.
3. The company has reported delays in servicing certain loans, including ₹101.05 lakh in delayed repayments to Equitas Small Finance Bank during 2025–26.
4. The business requires significant investment in equipment, with ₹10 crore of IPO proceeds earmarked for new RMC machinery and generator sets.
5. The company has allocated ₹10 crore, or more than 40% of the fresh issue proceeds, towards its working capital requirements.
6. Its logistics and equipment operations are concentrated mainly in North India, particularly Delhi NCR, Haryana and Rajasthan, exposing it to regional economic risks.
7. Managing a fleet of more than 190 specialised vehicles involves high maintenance costs and risks from vehicle downtime or underutilisation.
8. Working capital tied up in receivables and inventory has contributed to fluctuations in operating cash flows despite revenue growth.
9. Reliance on key OEMs for specialised equipment, spare parts and emission control devices could expose the company to supply disruptions.
10. Unsecured loans from promoters and related parties may be recalled at short notice, which could put pressure on the company’s liquidity.

Paluck Technologies IPO Reservation

Paluck Technologies IPO Promoter Holding

The promoters of the company are: Praveen Kumar, Navin Katiyar, Sumit Kumar Bajaj, and Sarika Katiyar. 

Paluck Technologies IPO Registrar and Lead Managers

Paluck Technologies IPO Lead Managers

Horizon Management Pvt.Ltd.

Registrar for Paluck Technologies IPO 

Name: Bigshare Services Pvt.Ltd.

Phone: 8657578989

Email ID: ipo@bigshareonline.com

How To Check the Allotment Status of the Paluck Technologies IPO?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Paluck Technologies IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Apply for Paluck Technologies IPO Online?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Paluck Technologies IPO 

Address: 192/6, Nitin Vihar, Opp. Indian Oil Petrol Pump, Near Hero Honda Chowk, Gurugram, Haryana, 122001

Phone: 9540057554

Email ID: cs@palucktechno.com