Paluck Technologies' IPO has achieved remarkable investor response, recording a 253 times subscription on the final day of its public offering. According to Moneycontrol, investors placed bids for 124.3 crore equity shares against the 49.2 lakh shares on offer, with the total bids worth ₹5,968 crore during the three-day subscription period. The strong demand was supported by 1.6 lakh applications, building on the impressive 31.9 times subscription recorded on the opening day and 252.7 times subscription on September 1. The bids were significantly higher than the company's market capitalisation of nearly ₹100 crore, indicating substantial investor confidence in the Gurgaon-based company's prospects.
The subscription pattern demonstrated robust demand across all investor categories, with retail investors leading at 372.67 times subscription, followed by non-institutional investors at 212.4 times, and qualified institutional buyers at 83.89 times. As reported by Moneycontrol, the IPO is structured as an entirely fresh issue of 68.76 lakh shares with a price band fixed at ₹46-48 per share, looking to raise up to ₹33 crore. The IPO opened for subscription on August 28, 2026 and closed on September 1, 2026, with September 4, 2026 scheduled as the listing date on BSE SME segment.
The grey market premium has surged to more than 40 percent, indicating strong investor sentiment ahead of the listing. According to market observers, this premium reflects the exceptional demand for Paluck Technologies shares in the unofficial trading market. The company is expected to finalise IPO share allotment by September 2, 2026, while trading in equity shares is likely to commence on the BSE SME platform from September 4, 2026. Horizon Management is acting as the merchant banker for this IPO.
Paluck Technologies has evolved into a diversified engineering services and infrastructure support organisation since its establishment in 2009, operating across automobile and engineering services, logistics and equipment rental, and telecom engineering sectors. The company will utilize ₹10 crore each of the net issue proceeds to purchase new ready-mix concrete machinery and DG sets for environmental compliance, and to meet working capital requirements. Additionally, ₹3.1 crore will be allocated for debt repayment, with the remaining funds for general corporate purposes. The company plans to deploy these assets on a lease basis to clients, expecting this leasing model to provide stable and recurring cash flows while ensuring optimum asset utilization.
