Now Reading: Paluck Technologies IPO opens August 28, price band set at Rs 46-48
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Paluck Technologies IPO opens August 28, price band set at Rs 46-48
Paluck Technologies IPO opens August 28, price band set at Rs 46-48
Paluck Technologies has set a price band of Rs 46 to Rs 48 per share for its initial public offering on the BSE SME platform. The issue opens for subscription on Friday,…
Paluck Technologies has set a price band of Rs 46 to Rs 48 per share for its initial public offering on the BSE SME platform. The issue opens for subscription on Friday, August 28, 2026, and closes on Tuesday, September 1, 2026. The company aims to raise Rs 33 crore through the IPO, offering 68.76 lakh equity shares of face value Rs 10 each.
The issue includes an anchor investor portion of up to 19.56 lakh shares and reservations for qualified institutional buyers, non-institutional investors and individual investors. Anchor bidding will take place on August 27, 2026. Proceeds will fund capital expenditure for new Ready-Mix Concrete machinery and DG sets, as well as debt repayment and working capital needs.
In FY25, the Gurugram-based company reported revenue of Rs 10,281 lakh and profit after tax of Rs 963.38 lakh. For the first 11 months of FY26, revenue stood at Rs 10,501.58 lakh and PAT at Rs 1,383.71 lakh. Horizon Management Private is the book-running lead manager for the issue.
Indian Opinion Analysis
Paluck Technologies is listing on the BSE SME platform, which has lower disclosure norms and a minimum application size of Rs 1 lakh, restricting participation largely to institutional and high-net-worth investors. The company's shift from diesel generator services into telecom and construction equipment rental mirrors a broader trend among Indian SMEs diversifying into infrastructure-linked businesses to tap government capex spending. The IPO size of Rs 33 crore is modest, a key measure of investor appetite will be the subscription multiple at close on September 1, 2026. A strong response could pave the way for a main-board listing in future years, though SME stocks face lower liquidity and fewer analyst coverage than their main-board peers.
Source: livemint.com
This story was synthesised by AI from the source linked above.
