Paluck Technologies made its market debut on the BSE SME platform today, listing at ₹46.80 per share - a 2.5% discount to its IPO price of ₹48. The stock opened at ₹47.98, representing a 0.04% discount to the issue price, and touched an intraday high of ₹48 before settling at the listing price. According to Business Standard, the stock is currently trading 2.52% above its listing price with 18.21 lakh shares changing hands. The company's shares are currently trading at a premium of ₹1.20 over the issue price, showing initial market support despite the discounted listing.
The Paluck Technologies IPO was subscribed 252.67 times overall, demonstrating strong investor demand for the engineering services company. The issue, which opened for bidding on August 28, 2026 and closed on September 1, 2026, comprised 68.76 lakh equity shares with 3.45 lakh shares reserved for market makers. As reported by Business Standard, the net issue comprises 65.31 lakh equity shares with a price band of ₹46-48 per share. The company also raised ₹9.38 crore from anchor investors on August 27, 2026, with the board allotting 19.56 lakh shares at ₹48 each to 8 anchor investors.
Paluck Technologies has demonstrated strong financial performance with revenue from operations of ₹105.02 crore and net profit of ₹13.84 crore for the period ended February 28, 2026. The company's total operating revenue stands at ₹102.81 crore for the year ended March 31, 2025, showing consistent growth trajectory. According to Business Standard, the company operates over 190 specialized vehicles and has managed more than 7,500 telecom sites across India. As of February 28, 2026, the company employed 192 people and operates authorized service centers and dealerships for various OEMs, offering comprehensive engineering services across multiple Indian states.
The company plans to utilize the net proceeds for funding capital expenditure towards purchase of new Ready-Mix Concrete (RMC) machinery and DG sets ensuring compliance with environmental standards, pre-payment of certain outstanding borrowings, funding working capital requirements, and general corporate purposes. As reported by Business Standard, Paluck Technologies, founded in 2009, has evolved from a diesel generator services provider into a diversified engineering services company with operations spanning automobile and engineering services, logistics and equipment rental, and telecom engineering. The company operates across multiple Indian states, providing concrete transportation, infrastructure equipment rental, and RMC plant setup services while maintaining authorized service centers for various OEMs.
