PALUCK TECHNOLOGIES LIMITED
About the company
Paluck Technologies Ltd., incorporated in 2010, began as a diesel generator service provider and has evolved into a multi-service engineering and infrastructure company. Over the years, it has diversified its operations across multiple sectors.
The company offers construction equipment rental, including concrete transport, RMC plant setups, and a large fleet of 123 transit mixers, 13 concrete pumps, and 57 trucks, serving major infrastructure projects across India.
Additionally, Paluck manages logistics and fleet operations with over 193 vehicles using ERP, SAP, and GPS systems, provides telecom engineering services for 7,500+ sites, and operates authorized service centers for generators and vehicles in Haryana.
Paluck Technologies Limited has shown consistent top-line growth from FY23 through 11M FY26, with Total Revenue expanding from â‚ą92.26 Crs to â‚ą105.02 Crs. Operating efficiency improved noticeably as EBITDA margins climbed from 16.06% in FY23 to 22.79% in 11M FY26, driving Profit After Tax up significantly from â‚ą2.18 Crs to â‚ą13.84 Crs. Additionally, the balance sheet strengthened considerably over the period, with Shareholders' Funds increasing from â‚ą15.05 Crs to â‚ą45.66 Crs.
Paluck Technologies Ltd. is promoted by Navin Katiyar, Praveen Kumar, Sarika Katiyar, and Sumit Kumar Bajaj, collectively holding 86.53% of the company’s pre-issue equity. The promoters have extensive experience in management, operations, and business development, contributing to the company’s growth since incorporation. Key roles include Navin Katiyar as Managing Director and Sumit Kumar Bajaj as CEO, driving strategic and operational decisions.
Paluck Technologies Ltd is making fresh issue of up to 68,76,000 shares having face value of Rs 10 each aggregating Rs 33 Crs. The net offer to the public is 65,31,000 shares within the price band of Rs 46-48 per share. 22,86,000 shares offered to retail, while 9,81,000 shares offered to the Non-Institutional HNI category, 32,64,000 shares to QIBs, 19,56,000 shares to Anchor investors, & 3,45,000 shares will be reserved for Market Maker to the issue.
The shares will be listed on the BSE SME platform of the Bombay Stock Exchange (BSE).
Key metrics
Subscription status by category
Strengths & risks
Strengths / Operational Highlights
Paluck Technologies Ltd– Steering Sustainable Development
Promoters Steering Sustainable Development: Paluck Technologies’ management team, led by Navin Katiyar (MD) and Sumit Kumar Bajaj (CEO), brings extensive experience in operations, administration, and strategic leadership. The promoters’ deep involvement and significant equity stake of 86.53% align their interests with the company’s growth. Their combined expertise in business management and infrastructure services positions the company to drive sustainable expansion and operational efficiency.
Integrated Asset-Driven Business Model – Paluck Technologies operates an asset-intensive, multi-segment business model, combining construction equipment rental, telecom engineering, and authorized service dealerships. By owning and digitally managing a large fleet of specialized vehicles and equipment through ERP, SAP, and GPS systems, the company maintains operational control and ensures optimal utilization. This integrated approach enhances cost efficiency, reduces downtime, and supports consistent revenue generation across its diversified services.
Growth Strategy Anchored in Client Success. Paluck Technologies’ business strategy emphasizes expanding its asset base, including one of North India’s largest construction equipment fleets, and leveraging deep expertise in telecom and NGT-compliant DG solutions. The company focuses on operational efficiency through custom IT systems, robust monitoring, and retention of an experienced management team. Future growth depends on timely execution of expansion plans, upgrading internal controls, and maintaining high service standards to meet customer expectations
Long-term growth plan focuses on sustaining competitiveness – Paluck Technologies’ long-term growth plan focuses on sustaining competitiveness across its diversified business segments despite a fragmented and highly competitive industry. The company aims to leverage its operational efficiency, strong fleet and asset base, and OEM partnerships to maintain market share and profitability. Strategic focus includes optimizing pricing, service quality, and customer retention to support sustainable expansion over time.
Risks
Paluck Technologies faces significant risks due to its reliance on a limited number of large customers, where the loss or reduction of orders could materially impact revenue and profitability. Dependence on cyclical industries like infrastructure and telecom further exposes the company to fluctuations in demand and payment terms. Additionally, any failure to meet customer commitments could harm its reputation and limit future business opportunities.
Financial snapshot
Anchor investor allocation
PROMINENT INSTITUTIONAL/DOMESTIC INVESTORS NEXUS GLO, MONEYWIS, VIKASA IND, NEXT ORBI, VIJIT GROV, 360 ONE P, PESB ALPH AND ARVESTA F HAVE SUBSCRSIBED TO ANCHOR BOOK PALUCK TECHNOLOGIES LIMITED COMPANY'S 19,56,000 SHARES.
Strengths & risks
Strengths / Operational Highlights
Paluck Technologies Ltd– Steering Sustainable Development
Promoters Steering Sustainable Development: Paluck Technologies’ management team, led by Navin Katiyar (MD) and Sumit Kumar Bajaj (CEO), brings extensive experience in operations, administration, and strategic leadership. The promoters’ deep involvement and significant equity stake of 86.53% align their interests with the company’s growth. Their combined expertise in business management and infrastructure services positions the company to drive sustainable expansion and operational efficiency.
Integrated Asset-Driven Business Model – Paluck Technologies operates an asset-intensive, multi-segment business model, combining construction equipment rental, telecom engineering, and authorized service dealerships. By owning and digitally managing a large fleet of specialized vehicles and equipment through ERP, SAP, and GPS systems, the company maintains operational control and ensures optimal utilization. This integrated approach enhances cost efficiency, reduces downtime, and supports consistent revenue generation across its diversified services.
Growth Strategy Anchored in Client Success. Paluck Technologies’ business strategy emphasizes expanding its asset base, including one of North India’s largest construction equipment fleets, and leveraging deep expertise in telecom and NGT-compliant DG solutions. The company focuses on operational efficiency through custom IT systems, robust monitoring, and retention of an experienced management team. Future growth depends on timely execution of expansion plans, upgrading internal controls, and maintaining high service standards to meet customer expectations
Long-term growth plan focuses on sustaining competitiveness – Paluck Technologies’ long-term growth plan focuses on sustaining competitiveness across its diversified business segments despite a fragmented and highly competitive industry. The company aims to leverage its operational efficiency, strong fleet and asset base, and OEM partnerships to maintain market share and profitability. Strategic focus includes optimizing pricing, service quality, and customer retention to support sustainable expansion over time.
Risks
Paluck Technologies faces significant risks due to its reliance on a limited number of large customers, where the loss or reduction of orders could materially impact revenue and profitability. Dependence on cyclical industries like infrastructure and telecom further exposes the company to fluctuations in demand and payment terms. Additionally, any failure to meet customer commitments could harm its reputation and limit future business opportunities.
Our verdict
Our View on This IPO
Paluck Technologies Limited which is tapping the capital market, enjoys a strong track record of ramping up its turnover in the last two years & building strong business relationships with its domestic customers which has helped it significantly scale up its operations.
Paluck Technologies operates an asset-intensive, multi-segment business model, combining construction equipment rental, telecom engineering, and authorized service dealerships. By owning and digitally managing a large fleet of specialized vehicles and equipment through ERP, SAP, and GPS systems, the company maintains operational control and ensures optimal utilization. This integrated approach enhances cost efficiency, reduces downtime, and supports consistent revenue generation across its diversified services.
Paluck Technologies’ business strategy emphasizes expanding its asset base, including one of North India’s largest construction equipment fleets, and leveraging deep expertise in telecom and NGT-compliant DG solutions. The company focuses on operational efficiency through custom IT systems, robust monitoring, and retention of an experienced management team. Future growth depends on timely execution of expansion plans, upgrading internal controls, and maintaining high service standards to meet customer expectations
More importantly, Paluck Technologies Limited promoters have significant industry experience and have been instrumental in the company's consistent growth. The management team's combined expertise and experience are also a significant asset going ahead
After the proposed IPO, the company’s net worth will total Rs 52.53 crs crore as on date after the IPO, & post-IPO, the equity capital will stand at Rs 20.81 crore.
We are confident that Paluck Technologies Limited will deliver consistent performance and provide a good investment opportunity for investors with a long-term horizon.
Hence, we recommend SUBSCRIBE for long-term investment.
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