Paluck Technologies to raise ₹33 crore via IPO on BSE SME

Paluck Technologies, a diversified engineering-services group serving the telecom and construction sectors, plans to raise Rs 33 crore through initial public offering on BSE SME.

The company will issue 68.76 lakh equity shares in the price band of ₹ 46 – ₹ 48 per share. The issue will open for subscription on August 28. The anchor bidding will start on Thursday.

The net proceeds from the IPO will be used partly for funding capital expenditure towards the purchase of new Ready-Mix Concrete machinery and DG sets, re-payment of certain outstanding borrowings, funding the Working Capital and general corporate purpose.

Horizon Management has been appointed as the Book Running Lead Manager while Bigshare Services will be the Registrar.

Navin Katiyar, Managing Director, Paluck Technologies said what began as a focused service business has developed into an integrated platform addressing requirements across telecom infrastructure and construction equipment, supported by established industry relationships and execution experience.

The next priority is to translate this experience into greater scale. The fresh investments are intended to improve ability to undertake larger opportunities and support the growing requirements of our customers, he said.

Narendra Bajaj, Director, Horizon Management said the company has built a differentiated business model by combining telecom engineering services with an asset-backed construction equipment and RMC rental business.

Its established execution capabilities, relationships with leading OEMs and infrastructure customers, and operating presence across multiple geographies provide the company with a strong platform to participate in ongoing infrastructure development, he aid.

“The proposed IPO is expected to support companies next phase of development through investment in RMC machinery and DG sets, working capital requirements and repayment of certain borrowings. We believe access to the capital markets will enable the company to strengthen its operating platform and pursue its growth plans with greater financial flexibility,” he added.

Published on August 24, 2026