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Paluck Technologies operates in diverse sectors including logistics, telecom infrastructure, and automotive services. The company has shown a strong upward trend in revenue and net income over the past few fiscal years, particularly in FY 2025 and the 11 months of FY 2026. The increasing profit margins and a decreasing debt-to-equity ratio suggest a strengthening financial position. The company’s focus on regulatory-driven opportunities, such as NGT-compliant solutions for DG sets, presents a potential growth avenue. However, investors should consider the inherent risks associated with SME listings, including lower liquidity and potentially higher volatility compared to mainboard exchanges. The competitive landscape within each of its operating segments and the company’s ability to manage its diverse service offerings effectively will be key factors for its future performance.
Paluck Technologies Limited, an engineering services and infrastructure support firm, has announced its initial public offering (IPO) with a price band set between INR 46 and INR 48 per share. The offering is scheduled to open for subscription on August 28, 2026, and close on September 1, 2026.
The company plans to raise INR 31.63 crore to INR 33.00 crore through a fresh issue of 68,76,000 equity shares. There is no offer for sale component in this IPO. The entire issue will be listed on the BSE SME platform.
Incorporated in 2010, Paluck Technologies has diversified from its origins as a diesel generator service provider into a multifaceted infrastructure solutions business. Its operations are segmented into Automobile & Engineering Services, Telecom Engineering, and Logistics & Equipment Rental. The company serves a broad client base, including infrastructure developers, EPC contractors, and cement manufacturers, with a presence across multiple Indian states.
The Logistics & Equipment Rental division operates a fleet of 92 transit mixers, 13 concrete pumps, and 23 logistics trucks, offering services such as concrete transportation and equipment rental. In Telecom Engineering, Paluck provides network implementation, installation, and maintenance services for major telecom original equipment manufacturers (OEMs), having managed over 7,500 telecom sites.
The company also operates authorized dealerships and service centers for power equipment, commercial vehicles, and two-wheelers. It is notably involved in NGT-compliant dual-fuel conversion and RECD solutions for DG sets in the Delhi NCR region, targeting regulatory-driven market opportunities.
Paluck Technologies reported a significant increase in its financial performance. For the 11 months of fiscal year 2026 (ending February 28, 2026), the company’s revenue stood at INR 105.02 crore. Net income grew to INR 13.84 crore with a margin of 13.18%, a substantial improvement from INR 2.18 crore and a 2.36% margin in FY 2023.
The promoters of Paluck Technologies include Navin Katiyar, Praveen Kumar, Sarika Katiyar, and Sumit Kumar Bajaj. Horizon Management Private Limited is the lead manager for the IPO, and Bigshare Services Private Limited is the registrar.
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