Paluck Technologies IPO Targets ₹33 Cr Raise

Paluck Technologies IPO Targets ₹33 Cr Raise

Paluck Technologies Limited, a diversified engineering‑services group serving telecom and construction customers, announced that its Initial Public Offering opened on Friday, 28 August 2026. The issue aims to raise ₹33.00 crore by issuing 68,76,000 equity shares with a face value of ₹10 each at a price band of ₹46‑₹48 per share. Allocation of the shares is as follows: up to 19,56,000 shares for anchor investors, up to 13,08,000 shares for net qualified institutional buyers, not less than 9,81,000 shares for non‑institutional investors, not less than 22,86,000 shares for individual investors, and 3,45,000 shares for the market maker. Anchor bidding is scheduled for Thursday, 27 August 2026, the issue opened on 28 August 2026 and will close on Tuesday, 1 September 2026. Horizon Management Private Limited acts as the Book Running Lead Manager and Bigshare Services Private Limited is the registrar for the issue.

The net proceeds will be utilised for part of the funding of capital expenditure towards the purchase of new Ready‑Mix Concrete (RMC) machinery and diesel‑generator (DG) sets, for pre‑payment or repayment of certain outstanding borrowings, to meet working‑capital requirements and for general corporate purposes. Managing Director Navin Katiyar stated that the IPO is a defining step in the company’s evolution, providing resources to invest in RMC machinery, DG sets and to strengthen working capital, thereby enabling the firm to undertake larger opportunities. Narendra Bajaj, Director of Horizon Management, highlighted the company’s differentiated business model that combines telecom engineering services with asset‑backed construction equipment and RMC rental, and said the capital raised will support the next phase of development and enhance financial flexibility.

Paluck Technologies Limited, headquartered in Gurugram, has over 15 years of operating experience and has expanded from diesel‑generator and engine services into telecom, electrical, solar, equipment rental and allied engineering solutions. In FY25 the company reported revenue of ₹10,281.00 lakh, EBITDA of ₹1,899.48 lakh and profit after tax of ₹963.38 lakh. For the first eleven months of FY26, revenue increased to ₹10,501.58 lakh, EBITDA rose to ₹2,392.98 lakh and PAT grew to ₹1,383.71 lakh.