Gurugram, January 21, 2026 – Paluck Technologies Limited, a diversified engineering services and infrastructure support company, has filed its draft papers for an initial public offering comprising a fresh issue of up to 55.10 lakh equity shares. The proposed public issue is aimed at supporting the company’s growth plans across its core business verticals, including construction equipment rental, logistics and fleet management, and telecom engineering services.
Issue Structure and Utilisation Plan
The proposed IPO is a 100 percent fresh issue, with no offer for sale component. The face value of each equity share is ₹10. The company plans to deploy the net proceeds primarily towards capital expenditure, including the purchase of new ready-mix concrete machinery and diesel generator sets, along with meeting incremental working capital requirements and general corporate purposes.Business Overview
Founded in 2009 as a proprietorship and later incorporated in 2010, Paluck Technologies has evolved into a multi-segment engineering and infrastructure services provider. The company operates across three key verticals:- Construction Equipment Rental: Provides end-to-end concrete transportation, infrastructure equipment rental and RMC plant setup services. The asset base includes 122 transit mixers, 13 concrete pumps and 55 logistics trucks, serving infrastructure developers, EPC contractors and cement manufacturers.
- Logistics and Fleet Management: Operates an owned fleet of over 190 specialised vehicles, supported by ERP, SAP and GPS-based tracking systems, enabling efficient deployment across high-growth infrastructure regions.
- Telecom Engineering Services: Acts as an implementation and maintenance partner for major telecom OEMs, with experience in managing over 7,500 telecom sites across multiple circles in India.
Financial Performance Snapshot
The company has reported steady growth in scale over recent years, supported by expansion in fleet size and geographical footprint. As of November 30, 2025, Paluck Technologies reported total shareholders’ funds of ₹3,896.19 lakh, with long-term borrowings reduced to ₹647.38 lakh, reflecting a gradual improvement in balance sheet strength.Summary of Assets and Liabilities (₹ lakh)
| Particulars | Nov 30, 2025 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Share Capital | 1,394.63 | 309.92 | 292.76 |
| Reserves & Surplus | 2,501.56 | 2,871.96 | 1,555.09 |
| Total Shareholders’ Funds | 3,896.19 | 3,181.87 | 1,847.85 |
| Long-term Borrowings | 647.38 | 619.28 | 1,372.70 |
Promoters and Management
Paluck Technologies is promoted by Navin Katiyar, Praveen Kumar, Sarika Katiyar and Sumit Kumar Bajaj. The management team brings operational experience across infrastructure services, logistics and telecom execution, with a focus on asset-led growth and long-term client relationships.About the Company
Paluck Technologies Limited is a Gurugram-based engineering services and infrastructure support company engaged in construction equipment rental, logistics and fleet management, telecom engineering services and authorised OEM servicing. The company caters to corporate and retail clients across multiple high-growth regions in India and is proposing to list its equity shares on the SME platform.Source:
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