Paluck Technologies IPO
PALUCK · BSE · SME · Telecommunication - Service Provider
Overview
Updated 12 days agoPaluck Technologies Limited is an engineering services and infrastructure support organization providing services in automobile, logistics, equipment rental, and telecom engineering. The company is raising funds through an IPO to finance capital expenditure for new machinery, repay borrowings, and meet working capital requirements.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,44,000 |
| bNII (min) | 7 | 21,000 | ₹10,08,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Telecommunication - Service Provider |
| Price band | ₹46–48 |
| Final issue price | ₹48.00 |
| Face value | ₹10 per share |
| Lot size | 3,000 shares |
| Minimum investment | ₹1,44,000 |
| Issue size | ₹33.00 Cr |
| Market cap at upper band | ₹99.95 Cr |
| P/E at upper band | 4.8x |
| Registrar | BIGSHARE SERVICES PRIVATE LIMITED |
| Lead managers | Horizon Management Private Limited |
| NSE symbol | PALUCK |
| ISIN | INE0LHB01010 |
Shareholder quota and promoter holding
Company & business
Paluck Technologies Limited, incorporated in 2010, is a diversified engineering services and infrastructure support organization. The company operates across four main verticals: Automobile & Engineering Services, Logistics & Equipment Rental, Telecom Engineering, and DG set-related services. It provides end-to-end solutions including concrete transportation, infrastructure equipment rental, and maintenance services for telecom and power sectors. The company serves a diverse client base, including infrastructure developers, EPC contractors, and telecom operators, leveraging strong OEM partnerships and a robust fleet of specialized vehicles and equipment. Its operations are strategically located in North India, with a focus on delivering compliant and efficient engineering solutions.
Objects of the issue — how the money will be used
- Funding capital expenditure towards the purchase of new Ready-Mix Concrete (RMC) machinery and DG sets (₹10 Cr)
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings (₹3.1 Cr)
- Funding the Working Capital requirement of our company (₹10 Cr)
- General Corporate Purpose
Key strengths
- Deep expertise in environmental product solutions (NGT compliant DG sets)
- Strong telecom contracts with well-known industry giants
- One of the largest fleets of construction equipment in North India
- Custom-grown IT system for robust monitoring and business review
- Retention of core management team for over 10 years
- Strong expertise in handling 10,000+ telecom site operations and maintenance
Key risks
- Heavy dependence on a limited number of customers
- Past delays in loan repayments and statutory filings
- Business is working capital intensive with significant upfront financing requirements
- Dependence on OEM dealership and service agreements
- Concentration of operations and revenues in North India
- Exposure to volatility in fuel prices, particularly diesel
- Risks related to accidents, safety incidents, and third-party liabilities
Promoters
Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY23 | 92.26 | -- | 2.18 | 59.68 | 15.05 | 32.47 |
| FY24 | 100.74 | -- | 3.43 | 53.53 | 18.48 | 22.56 |
| FY25 | 102.81 | -- | 9.63 | 66.98 | 31.82 | 10.21 |
| 11M FY26 | 105.02 | -- | 13.84 | 69.62 | 45.66 | 3.87 |
Key performance indicators · 11M FY26
Peers & valuation
Other Telecommunication - Service Provider IPOs
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Reliance JioJPL · BSE, NSE · Mainboard · Telecommunication - Service Provider+26.7%28 Oct Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.