IPO Overview

Paluck Technologies Limited, a diversified engineering‑services group serving telecom and construction sectors, opened its Initial Public Offering on 28 August 2026. The issue comprises 6,876,000 equity shares with a face value of ₹10 each, priced within a band of ₹46 to ₹48 per share, targeting gross proceeds of ₹33.00 crore. The issue is listed on the BSE SME, with the anchor bidding scheduled for 27 August 2026 and the book‑running lead manager being Horizon Management Private Limited; the registrar is Bigshare Services Private Limited.

Share Allocation

The equity share allocation is structured as follows: up to 1,956,000 shares for the anchor investor, up to 1,308,000 shares for net qualified institutional buyers, not less than 981,000 shares for non‑institutional investors, not less than 2,286,000 shares for individual investors, and 345,000 shares for the market maker.

Use of Proceeds

The net proceeds will be employed to fund part of the capital expenditure for purchasing new Ready‑Mix Concrete (RMC) machinery and diesel‑generator (DG) sets, to partially or fully repay certain outstanding borrowings, to meet working‑capital requirements, and for general corporate purposes.

Financial Highlights

For the fiscal year 2025, Paluck Technologies reported revenue of ₹1,028.10 crore, EBITDA of ₹189.95 crore and profit after tax (PAT) of ₹96.34 crore. In the first eleven months of fiscal year 2026, revenue increased to ₹1,050.16 crore, EBITDA rose to ₹239.30 crore and PAT grew to ₹138.37 crore.

Management Comments

Managing Director Mr Navin Katiyar stated that the IPO represents a defining step in the company’s evolution, enabling investment in RMC machinery, DG sets and strengthening working‑capital to pursue larger opportunities. Mr Narendra Bajaj, Director of Horizon Management, highlighted the company’s differentiated business model combining telecom engineering services with asset‑backed construction equipment and RMC rental, and expressed confidence that capital‑market access will provide greater financial flexibility for growth.