Paluck Technologies Ltd IPO

Status: Closed

Overview

IPO date

28 Aug 2026 to 01 Sept 2026

Face value

₹ 10 per share

Price

₹ 46 to ₹48 per share

Issue Size

6,876,000 shares
(aggregating up to ₹ 33 Cr)

Allotment Date

02 Sept 2026

Listing at

NSE

Issue type

Book Building - SME

Sector

Miscellaneous

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T&C*

Strengths vs Risks of Paluck Technologies Ltd

Know the pros & cons

Strengths

Geographical presence and strategic location of our operations.
Quality Assurance and Quality Control of our products.
Strong, cordial & long-term relationship with our customers
Cost effective solutions and timely fulfilment of requirements
Well experienced management team with proven project management and implementation skills

Risks

The company is heavily dependent on a limited number of customers, and any loss of business, reduction in orders, or deterioration in commercial terms with these customers could materially and adversely affect its revenues, cash flows, profitability, and long-term growth prospects.
The Company has experienced delays in repayment of loans in the past.
There have been instances of non-compliance in filling statutory forms which were required to be filed as per the reporting requirements with the Registrar of Companies under the Companies Act in the past which may attract penalties.
There are instances of overdue accounts which may expose it to financial and operational risks.
Non-receipt of No Objection Certificates (NoCs) and consents from equipment financiers may impact the Company's ability to utilize certain assets or create further security on them.
Non-filing of statutory returns with the Registrar of Companies (RoC) for the past four years may attract regulatory action and impact the Company't compliance record.
Certain legal proceedings have been initiated against it for which the company has not been served with summons, notices or related case papers, which limits the Company's ability to make complete disclosures in this Draft Red Herring Prospectus.
The Company's projects are subject to risks of delays, cost overruns, and cancellations arising from multiple external factors such as land acquisition hurdles, statutory approvals, labor unrest, and adverse weather conditions, which could adversely affect revenue recognition, profitability, customer confidence, and its reputation in the market.
A part of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company.
The Company's revenues are closely tied to the performance of the infrastructure and construction sectors, which are cyclical in nature, and downturns in these sectors due to economic slowdowns, reduced government spending, or regulatory changes could lead to underutilization of assets, reduced margins, and adverse impact on its overall financial condition
The company is heavily dependent on the continuous availability, maintenance, and optimal utilization of its fleet and equipment, and any prolonged downtime, breakdowns, accidents, or underutilization could significantly affect the company operational performance, profitability, and reputation.
The company has intend to utilise a portion of the Net Proceeds towards capital expenditure towards the purchase of new Ready- Mix Concrete (RMC) machinery and DG sets, and the company cannot assure you that the company will be able to derive the benefits from the proposed object.
Failures to File ADT-3 for Resignation of Previous Statutory Auditor May Attract Regulatory Action and Impact the Company's Compliance Standing.
The company is yet to place orders for equipment proposed to be funded through this Issue. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, it may result in time and cost over-runs and its business, results of operations, financial condition and cash flows may be adversely affected.
The Company's business model is working capital intensive and requires substantial upfront financing for fleet, manpower, and consumables, and any delays in receivables or constraints in obtaining external funding could strain its liquidity and impact the Company's ability to deliver projects on time.
The Company's reliance on dealership and service agreements with OEMs exposes us to renewal, compliance, and termination risks, and any non-renewal or suspension of these agreements could deprive it of key revenue streams and market presence
The Company's telecom engineering business depends on contracts from OEMs, and any slowdown in network rollouts, budget constraints, or shift to in-house execution by OEMs may adversely affect order inflow and margins.
Delays in the rollout of telecom networks, particularly 5G deployment, due to regulatory uncertainties or capital expenditure constraints of operators could defer projects and materially impact the Company's growth.
A significant proportion of our operations and revenues are concentrated in North India, exposing it to regional economic, political, and regulatory risks that could disproportionately affect the Company's performance.
The Company's operate in competitive markets across telecom, logistics, equipment rental, and dealerships, and rising competition from organized and unorganized players may reduce its margins and growth prospects.
Managing diverse business operations across multiple verticals increases operational complexity, and any inefficiency in resource allocation or management oversight could impair the Company's profitability
The Company's operations are exposed to volatility in fuel prices, particularly diesel, and any inability to pass on increased costs to customers may reduce margins
The Company's business is exposed to risks of accidents, safety incidents, and third-party liabilities, which could result in financial losses and reputational harm
The Company's depend on timely availability of spare parts, and third-party services, and any disruption in supply chains could impact project execution and increase costs.
Any slowdown in economic growth, reduction in infrastructure spending, or adverse global developments could materially impact demand for its services
Significant differences exist between IGAAP used to prepare our financial information and other accounting principles, such as U.S. GAAP and IFRS, which may affect investors' assessments of the Company's financial condition.
Reputation risks arising from project delays, equipment failures, or service deficiencies could adversely affect the Company's ability to win new business.
The Company had negative cash flows from investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
The Company is dependent on a domestic market and its clients located in India for its sales and any downturn in it could reduce the Company's sales.
If the company is not able to obtain, renew or maintain our statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company business, results of operations and financial condition.
Failures to manage its inventory could have an adverse effect on the Company's net sales, profitability, cash flow and liquidity.
There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
There have been instances of delays in filing of GST returns by the Company. In case of any delay in in filing of statutory returns in future by the Company, the Regulatory Authorities may impose monetary penalties on i or take certain punitive actions against the Company in relation to the same which may have adverse impact on the Company's business, financial condition and results of operations.
The Company's inability to effectively manage its growth or to successfully implement the Company's business plan and growth strategy could adversely affect its business, results of operations and financial condition.
The company does not own certain premises used by the Company. Disruption of the Company's rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the company manufacturing operations and, consequently, the Company's business.
The company is dependent on information technology systems in carrying out the Company's business activities and it forms an integral part of its business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of the Company's information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
The Company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
The company may not be able to prevent others from unauthorized use of the Company's intellectual property and may in the future become subject to patent, trademark and/or other intellectual property infringement claims.
The intellectual Property Rights used by the company are registered in the name of the company, but any infringement of third-party intellectual property rights or failures to protect its intellectual property rights may adversely affect the Company's business.
The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by it to comply with these performance requirements may lead to reduction in the Company's order value, recalls or liability claims.
The Company's Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
The Company's Promoter, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company have not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
The Company's success largely depends upon the knowledge and experience of its Promoter, Directors, and the Company's Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the Company's ability to attract and retain them could adversely affect its business, operations and financial condition.
The Company's Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.
The Company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
The company has in past entered into related party transactions and the Company's may continue to do so in the future.
The Company's has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The Company's Promoters and members of its Promoter Group have extended personal guarantees with respect to loan facilities availed by the Company. Further, one of its Promoters and members of the Company's Promoter Group have extended personal properties as collateral for securing the facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect its business operations and financial condition.
In addition to the Company's existing indebtedness for the Company's existing operations, the company may incur further indebtedness during the course of business. The company cannot assure that its would be able to service the company existing and/ or additional indebtedness.
The Company's inability to procure and/or maintain adequate insurance cover in connection with its business may adversely affect the Company's operations and profitability.
The Company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
The company has not independently verified certain data in this Draft Red Herring Prospectus.
The requirements of being a listed company may strain its resources.
The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME platform of BSE in a timely manner or at all.
The price of the Equity Shares may be highly volatile after the Issue.
There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by our Promoters or members of the Company's Promoter Group may adversely affect the trading price of the Equity Shares.
Sale of Equity Shares by the Company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
The company is heavily dependent on a limited number of customers, and any loss of business, reduction in orders, or deterioration in commercial terms with these customers could materially and adversely affect its revenues, cash flows, profitability, and long-term growth prospects.
The Company has experienced delays in repayment of loans in the past, which may adversely affect its credit profile, access to future financing and investor confidence.
There have been instances of non-compliance in filling statutory forms which were required to be filed as per the reporting requirements with the Registrar of Companies under the Companies Act in the past which may attract penalties.
There have been instances of delays in filing of GST returns by the Company. In case of any delay in in filing of statutory returns in future by the Company, the Regulatory Authorities may impose monetary penalties on it or take certain punitive actions against the Company in relation to the same which may have adverse impact on its business, financial condition and results of operations.
The company's projects are subject to risks of delays, cost overruns, and cancellations arising from multiple external factors such as land acquisition hurdles, statutory approvals, labor unrest, and adverse weather conditions, which could adversely affect revenue recognition, profitability, customer confidence, and its reputation in the market.
A part of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company.
The company's revenue is closely tied to the performance of the infrastructure and construction sectors, which are cyclical in nature, and downturns in these sectors due to economic slowdowns, reduced government spending, or regulatory changes could lead to underutilization of assets, reduced margins, and adverse impact on its overall financial condition.
The company is heavily dependent on the continuous availability, maintenance, and optimal utilization of its fleet and equipment, and any prolonged downtime, breakdowns, accidents, or underutilization could significantly affect the company's operational performance, profitability, and reputation.
The company intends to utilise a portion of the Net Proceeds towards capital expenditure towards the purchase of new Ready-Mix Concrete (RMC) machinery and DG sets, and the company cannot assure you that its will be able to derive the benefits from the proposed object.
The company is yet to place orders for equipment proposed to be funded through this Issue. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, it may result in time and cost over-runs and its business, results of operations, financial condition and cash flows may be adversely affected.
The company's business model is working capital intensive and requires substantial upfront financing for fleet, manpower, and consumables, and any delays in receivables or constraints in obtaining external funding could strain its liquidity and impact the company's ability to deliver projects on time.
The company's reliance on dealership and service agreements with OEMs exposes it to renewal, compliance, and termination risks, and any non-renewal or suspension of these agreements could deprive it of key revenue streams and market presence.
The company's telecom engineering business depends on contracts from OEMs, and any slowdown in network rollouts, budget constraints, or shift to in-house execution by OEMs may adversely affect order inflow and margins.
The Company has negative cash flows from investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
There have been instances of delays in filing statutory employee-related returns by the Company. In case of any delay or non-compliance in filing returns under Employee Provident Fund ("EPF"), Employees' State Insurance Corporation ("ESIC") or other employee-related statutory obligations in future, the concerned regulatory authorities may impose monetary penalties or take punitive actions against the Company, which may have an adverse impact on its business, financial condition, and results of operations.
The Company has defaulted on repayment obligations under a loan facility availed from Tata Capital Limited, and legal proceedings have been initiated in this regard.
Delays in the rollout of telecom networks, particularly 5G deployment, due to regulatory uncertainties or capital expenditure constraints of operators could defer projects and materially impact the company's growth.
A significant proportion of the company's operations and revenues are concentrated in North India, exposing it to regional economic, political, and regulatory risks that could disproportionately affect the company's performance.
The company's business is exposed to risks of accidents, safety incidents, and third-party liabilities, which could result in financial losses and reputational harm.
The company is subject to risks relating to compliance with employee benefit and social security legislations, and any adverse determination regarding applicability of such laws may result in additional liabilities.
The company operates in competitive markets across telecom, logistics, equipment rental, and dealerships, and rising competition from organized and unorganized players may reduce its margins and growth prospects.
Managing diverse business operations across multiple verticals increases operational complexity, and any inefficiency in resource allocation or management oversight could impair the company's profitability.
The company's operations are exposed to volatility in fuel prices, particularly diesel, and any inability to pass on increased costs to customers may reduce margins.
The company depends on timely availability of spare parts, and third-party services, and any disruption in supply chains could impact project execution and increase costs.
Any slowdown in economic growth, reduction in infrastructure spending, or adverse global developments could materially impact demand for the company's services.
If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operates the company's business, it may have a material adverse effect on its business, results of operations and financial condition.
Significant differences exist between IGAAP used to prepare the company's financial information and other accounting principles, such as U.S. GAAP and IFRS, which may affect investors' assessments of the Company's financial condition.
Reputation risks arising from project delays, equipment failures, or service deficiencies could adversely affect the company's ability to win new business.
The Company is dependent on a domestic market and its clients located in India for its sales and any downturn in it could reduce the company's sales.
Failures to manage the company's inventory could have an adverse effect on its net sales, profitability, cash flow and liquidity.
There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
The company's inability to effectively manage its growth or to successfully implement the company's business plan and growth strategy could adversely affect its business, results of operations and financial condition.
The company does not own certain premises used by the Company. Disruption of its rights as licensee/lessee or termination of the agreements with the company's licensors/lessors would adversely impact its operations and, consequently, the company's business.
The company is dependent on information technology systems in carrying out its business activities and it forms an integral part of the company's business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of its information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
The company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
The company may not be able to prevent others from unauthorized use of its intellectual property and may in the future become subject to patent, trademark and/or other intellectual property infringement claims.
The intellectual Property Rights used by the company is registered in the name of the company, but any infringement of third-party intellectual property rights or failures to protect its intellectual property rights may adversely affect the company's business.
The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by it to comply with these performance requirements may lead to reduction in the company's order value, recalls or liability claims.
There are outstanding legal proceedings involving the Company. Any adverse outcome in such proceedings may adversely affect its reputation, business, results of operations, cash flows and financial condition.
The company's Promoter, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising/meeting the same could adversely affect the company's growth plans, operations and financial performance.
The company's success largely depends upon the knowledge and experience of its Promoter, Directors, and the company's Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the company's ability to attract and retain them could adversely affect its business, operations and financial condition.
The company's Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
The company's inability to procure and/or maintain adequate insurance cover in connection with its business may adversely affect the company's operations and profitability.
The company has in past entered into related party transactions and its may continue to do so in the future.
The company's Promoters and members of its Promoter Group have extended personal guarantees with respect to loan facilities availed by the Company. Further, one of its Promoters and members of the company's Promoter Group have extended personal properties as collateral for securing the facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect its business operations and financial condition.
In addition to the company's existing indebtedness for its existing operations, the company may incur further indebtedness during the course of business. Its cannot assure that the company would be able to service its existing and/or additional indebtedness.
The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
The requirements of being a listed company may strain the company's resources.
The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME platform of BSE in a timely manner or at all.
The price of the Equity Shares may be highly volatile after the Issue.
There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of the company's Promoter Group may adversely affect the trading price of the Equity Shares.
Sale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.

Paluck Technologies Ltd Peer Comparison

Understand the company’s industry standing

Paluck Technologies Ltd

Face Value

Standalone / Consolidated

Standalone

Total Income Rs. Cr.

102.81

EPS-Basis

31.51

EPS-Diluted

31.51

NAV Per Share

104.07

P/E-Basic EPS

1.52

P/E-Diluted EPS

---

RONW(%)

30.28

Latest NAV Period

---

Latest NAV

---

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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 28 Aug 2026 & closes on 01 Sept 2026.

Paluck Technologies Limited was initially incorporated on April 08, 2010 as Private Company dated April 08, 2010 at Delhi. Further, Company has converted the status into a Public Company vide fresh Certificate of Incorporation w.e.f. October 22, 2021 issued by the Registrar of Companies, Delhi. Paluck Technologies was originally founded in 2009 by Navin Katiyar as a proprietorship firm, engaged in providing diesel generator services. Over the years, the Company has evolved into a diversified engineering services and infrastructure support organisation, with operations spanning Automobile & Engineering Services, Logistics & Equipment Rental, Telecom Engineering. The journey began with Power Generation Service Provider with Aditya Birla Retail Limited in year 2010. The Company entered into Telecom and Engineering Service Division in 2011, started Authorized Service Center and Dealership for prominent OEMs in 2012 and further started Equipment Installation and Commissioning & Operation & Maintenance services in the Telecom Division in 2014. It diversified in the Construction Equipment Rental Division in 2016. The Company opened service centers in Ghaziabad and Rewari in 2024. In the Construction Equipment Rental segment, the Company provides end-to-end concrete transportation, infrastructure equipment rental, and RMC plant setup services. The Logistics and Fleet Management division supports infrastructure and construction logistics through its owned fleet of over 193 specialized vehicles including transit mixers, logistic trucks and pump units. Company has established itself as a trusted implementation and maintenance partner for major telecom operators through support in network expansion, upgrade and maintenance programs across multiple telecom circles. Company is planning the Fresh Issue IPO of 55,10,000 Equity Shares of Rs 10 per share.

Paluck Technologies Ltd IPO will close on 01 Sept 2026.

Geographical presence and strategic location of our operations.
Quality Assurance and Quality Control of our products.
Strong, cordial & long-term relationship with our customers
Cost effective solutions and timely fulfilment of requirements
Well experienced management team with proven project management and implementation skills

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	Navin Katiyar	4770596	34.21	4770596	22.91
2	Praveen Kumar	3281769	23.53	3281769	15.76
3	Sarika Katiyar	1384911	9.93	1384911	6.65
4	Sumit Kumar Bajaj	2632500	18.88	2632500	12.64

The company is heavily dependent on a limited number of customers, and any loss of business, reduction in orders, or deterioration in commercial terms with these customers could materially and adversely affect its revenues, cash flows, profitability, and long-term growth prospects.
The Company has experienced delays in repayment of loans in the past.
There have been instances of non-compliance in filling statutory forms which were required to be filed as per the reporting requirements with the Registrar of Companies under the Companies Act in the past which may attract penalties.
There are instances of overdue accounts which may expose it to financial and operational risks.
Non-receipt of No Objection Certificates (NoCs) and consents from equipment financiers may impact the Company's ability to utilize certain assets or create further security on them.
Non-filing of statutory returns with the Registrar of Companies (RoC) for the past four years may attract regulatory action and impact the Company't compliance record.
Certain legal proceedings have been initiated against it for which the company has not been served with summons, notices or related case papers, which limits the Company's ability to make complete disclosures in this Draft Red Herring Prospectus.
The Company's projects are subject to risks of delays, cost overruns, and cancellations arising from multiple external factors such as land acquisition hurdles, statutory approvals, labor unrest, and adverse weather conditions, which could adversely affect revenue recognition, profitability, customer confidence, and its reputation in the market.
A part of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company.
The Company's revenues are closely tied to the performance of the infrastructure and construction sectors, which are cyclical in nature, and downturns in these sectors due to economic slowdowns, reduced government spending, or regulatory changes could lead to underutilization of assets, reduced margins, and adverse impact on its overall financial condition
The company is heavily dependent on the continuous availability, maintenance, and optimal utilization of its fleet and equipment, and any prolonged downtime, breakdowns, accidents, or underutilization could significantly affect the company operational performance, profitability, and reputation.
The company has intend to utilise a portion of the Net Proceeds towards capital expenditure towards the purchase of new Ready- Mix Concrete (RMC) machinery and DG sets, and the company cannot assure you that the company will be able to derive the benefits from the proposed object.
Failures to File ADT-3 for Resignation of Previous Statutory Auditor May Attract Regulatory Action and Impact the Company's Compliance Standing.
The company is yet to place orders for equipment proposed to be funded through this Issue. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, it may result in time and cost over-runs and its business, results of operations, financial condition and cash flows may be adversely affected.
The Company's business model is working capital intensive and requires substantial upfront financing for fleet, manpower, and consumables, and any delays in receivables or constraints in obtaining external funding could strain its liquidity and impact the Company's ability to deliver projects on time.
The Company's reliance on dealership and service agreements with OEMs exposes us to renewal, compliance, and termination risks, and any non-renewal or suspension of these agreements could deprive it of key revenue streams and market presence
The Company's telecom engineering business depends on contracts from OEMs, and any slowdown in network rollouts, budget constraints, or shift to in-house execution by OEMs may adversely affect order inflow and margins.
Delays in the rollout of telecom networks, particularly 5G deployment, due to regulatory uncertainties or capital expenditure constraints of operators could defer projects and materially impact the Company's growth.
A significant proportion of our operations and revenues are concentrated in North India, exposing it to regional economic, political, and regulatory risks that could disproportionately affect the Company's performance.
The Company's operate in competitive markets across telecom, logistics, equipment rental, and dealerships, and rising competition from organized and unorganized players may reduce its margins and growth prospects.
Managing diverse business operations across multiple verticals increases operational complexity, and any inefficiency in resource allocation or management oversight could impair the Company's profitability
The Company's operations are exposed to volatility in fuel prices, particularly diesel, and any inability to pass on increased costs to customers may reduce margins
The Company's business is exposed to risks of accidents, safety incidents, and third-party liabilities, which could result in financial losses and reputational harm
The Company's depend on timely availability of spare parts, and third-party services, and any disruption in supply chains could impact project execution and increase costs.
Any slowdown in economic growth, reduction in infrastructure spending, or adverse global developments could materially impact demand for its services
Significant differences exist between IGAAP used to prepare our financial information and other accounting principles, such as U.S. GAAP and IFRS, which may affect investors' assessments of the Company's financial condition.
Reputation risks arising from project delays, equipment failures, or service deficiencies could adversely affect the Company's ability to win new business.
The Company had negative cash flows from investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
The Company is dependent on a domestic market and its clients located in India for its sales and any downturn in it could reduce the Company's sales.
If the company is not able to obtain, renew or maintain our statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company business, results of operations and financial condition.
Failures to manage its inventory could have an adverse effect on the Company's net sales, profitability, cash flow and liquidity.
There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
There have been instances of delays in filing of GST returns by the Company. In case of any delay in in filing of statutory returns in future by the Company, the Regulatory Authorities may impose monetary penalties on i or take certain punitive actions against the Company in relation to the same which may have adverse impact on the Company's business, financial condition and results of operations.
The Company's inability to effectively manage its growth or to successfully implement the Company's business plan and growth strategy could adversely affect its business, results of operations and financial condition.
The company does not own certain premises used by the Company. Disruption of the Company's rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the company manufacturing operations and, consequently, the Company's business.
The company is dependent on information technology systems in carrying out the Company's business activities and it forms an integral part of its business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of the Company's information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
The Company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
The company may not be able to prevent others from unauthorized use of the Company's intellectual property and may in the future become subject to patent, trademark and/or other intellectual property infringement claims.
The intellectual Property Rights used by the company are registered in the name of the company, but any infringement of third-party intellectual property rights or failures to protect its intellectual property rights may adversely affect the Company's business.
The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by it to comply with these performance requirements may lead to reduction in the Company's order value, recalls or liability claims.
The Company's Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
The Company's Promoter, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company have not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
The Company's success largely depends upon the knowledge and experience of its Promoter, Directors, and the Company's Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the Company's ability to attract and retain them could adversely affect its business, operations and financial condition.
The Company's Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.
The Company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
The company has in past entered into related party transactions and the Company's may continue to do so in the future.
The Company's has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The Company's Promoters and members of its Promoter Group have extended personal guarantees with respect to loan facilities availed by the Company. Further, one of its Promoters and members of the Company's Promoter Group have extended personal properties as collateral for securing the facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect its business operations and financial condition.
In addition to the Company's existing indebtedness for the Company's existing operations, the company may incur further indebtedness during the course of business. The company cannot assure that its would be able to service the company existing and/ or additional indebtedness.
The Company's inability to procure and/or maintain adequate insurance cover in connection with its business may adversely affect the Company's operations and profitability.
The Company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
The company has not independently verified certain data in this Draft Red Herring Prospectus.
The requirements of being a listed company may strain its resources.
The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME platform of BSE in a timely manner or at all.
The price of the Equity Shares may be highly volatile after the Issue.
There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by our Promoters or members of the Company's Promoter Group may adversely affect the trading price of the Equity Shares.
Sale of Equity Shares by the Company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
The company is heavily dependent on a limited number of customers, and any loss of business, reduction in orders, or deterioration in commercial terms with these customers could materially and adversely affect its revenues, cash flows, profitability, and long-term growth prospects.
The Company has experienced delays in repayment of loans in the past, which may adversely affect its credit profile, access to future financing and investor confidence.
There have been instances of non-compliance in filling statutory forms which were required to be filed as per the reporting requirements with the Registrar of Companies under the Companies Act in the past which may attract penalties.
There have been instances of delays in filing of GST returns by the Company. In case of any delay in in filing of statutory returns in future by the Company, the Regulatory Authorities may impose monetary penalties on it or take certain punitive actions against the Company in relation to the same which may have adverse impact on its business, financial condition and results of operations.
The company's projects are subject to risks of delays, cost overruns, and cancellations arising from multiple external factors such as land acquisition hurdles, statutory approvals, labor unrest, and adverse weather conditions, which could adversely affect revenue recognition, profitability, customer confidence, and its reputation in the market.
A part of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company.
The company's revenue is closely tied to the performance of the infrastructure and construction sectors, which are cyclical in nature, and downturns in these sectors due to economic slowdowns, reduced government spending, or regulatory changes could lead to underutilization of assets, reduced margins, and adverse impact on its overall financial condition.
The company is heavily dependent on the continuous availability, maintenance, and optimal utilization of its fleet and equipment, and any prolonged downtime, breakdowns, accidents, or underutilization could significantly affect the company's operational performance, profitability, and reputation.
The company intends to utilise a portion of the Net Proceeds towards capital expenditure towards the purchase of new Ready-Mix Concrete (RMC) machinery and DG sets, and the company cannot assure you that its will be able to derive the benefits from the proposed object.
The company is yet to place orders for equipment proposed to be funded through this Issue. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, it may result in time and cost over-runs and its business, results of operations, financial condition and cash flows may be adversely affected.
The company's business model is working capital intensive and requires substantial upfront financing for fleet, manpower, and consumables, and any delays in receivables or constraints in obtaining external funding could strain its liquidity and impact the company's ability to deliver projects on time.
The company's reliance on dealership and service agreements with OEMs exposes it to renewal, compliance, and termination risks, and any non-renewal or suspension of these agreements could deprive it of key revenue streams and market presence.
The company's telecom engineering business depends on contracts from OEMs, and any slowdown in network rollouts, budget constraints, or shift to in-house execution by OEMs may adversely affect order inflow and margins.
The Company has negative cash flows from investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
There have been instances of delays in filing statutory employee-related returns by the Company. In case of any delay or non-compliance in filing returns under Employee Provident Fund ("EPF"), Employees' State Insurance Corporation ("ESIC") or other employee-related statutory obligations in future, the concerned regulatory authorities may impose monetary penalties or take punitive actions against the Company, which may have an adverse impact on its business, financial condition, and results of operations.
The Company has defaulted on repayment obligations under a loan facility availed from Tata Capital Limited, and legal proceedings have been initiated in this regard.
Delays in the rollout of telecom networks, particularly 5G deployment, due to regulatory uncertainties or capital expenditure constraints of operators could defer projects and materially impact the company's growth.
A significant proportion of the company's operations and revenues are concentrated in North India, exposing it to regional economic, political, and regulatory risks that could disproportionately affect the company's performance.
The company's business is exposed to risks of accidents, safety incidents, and third-party liabilities, which could result in financial losses and reputational harm.
The company is subject to risks relating to compliance with employee benefit and social security legislations, and any adverse determination regarding applicability of such laws may result in additional liabilities.
The company operates in competitive markets across telecom, logistics, equipment rental, and dealerships, and rising competition from organized and unorganized players may reduce its margins and growth prospects.
Managing diverse business operations across multiple verticals increases operational complexity, and any inefficiency in resource allocation or management oversight could impair the company's profitability.
The company's operations are exposed to volatility in fuel prices, particularly diesel, and any inability to pass on increased costs to customers may reduce margins.
The company depends on timely availability of spare parts, and third-party services, and any disruption in supply chains could impact project execution and increase costs.
Any slowdown in economic growth, reduction in infrastructure spending, or adverse global developments could materially impact demand for the company's services.
If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operates the company's business, it may have a material adverse effect on its business, results of operations and financial condition.
Significant differences exist between IGAAP used to prepare the company's financial information and other accounting principles, such as U.S. GAAP and IFRS, which may affect investors' assessments of the Company's financial condition.
Reputation risks arising from project delays, equipment failures, or service deficiencies could adversely affect the company's ability to win new business.
The Company is dependent on a domestic market and its clients located in India for its sales and any downturn in it could reduce the company's sales.
Failures to manage the company's inventory could have an adverse effect on its net sales, profitability, cash flow and liquidity.
There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
The company's inability to effectively manage its growth or to successfully implement the company's business plan and growth strategy could adversely affect its business, results of operations and financial condition.
The company does not own certain premises used by the Company. Disruption of its rights as licensee/lessee or termination of the agreements with the company's licensors/lessors would adversely impact its operations and, consequently, the company's business.
The company is dependent on information technology systems in carrying out its business activities and it forms an integral part of the company's business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of its information technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.
The company's lenders have charge over its movable and immovable properties in respect of finance availed by it.
The company may not be able to prevent others from unauthorized use of its intellectual property and may in the future become subject to patent, trademark and/or other intellectual property infringement claims.
The intellectual Property Rights used by the company is registered in the name of the company, but any infringement of third-party intellectual property rights or failures to protect its intellectual property rights may adversely affect the company's business.
The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by it to comply with these performance requirements may lead to reduction in the company's order value, recalls or liability claims.
There are outstanding legal proceedings involving the Company. Any adverse outcome in such proceedings may adversely affect its reputation, business, results of operations, cash flows and financial condition.
The company's Promoter, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising/meeting the same could adversely affect the company's growth plans, operations and financial performance.
The company's success largely depends upon the knowledge and experience of its Promoter, Directors, and the company's Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the company's ability to attract and retain them could adversely affect its business, operations and financial condition.
The company's Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
The average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
The company's inability to procure and/or maintain adequate insurance cover in connection with its business may adversely affect the company's operations and profitability.
The company has in past entered into related party transactions and its may continue to do so in the future.
The company's Promoters and members of its Promoter Group have extended personal guarantees with respect to loan facilities availed by the Company. Further, one of its Promoters and members of the company's Promoter Group have extended personal properties as collateral for securing the facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect its business operations and financial condition.
In addition to the company's existing indebtedness for its existing operations, the company may incur further indebtedness during the course of business. Its cannot assure that the company would be able to service its existing and/or additional indebtedness.
The company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
The requirements of being a listed company may strain the company's resources.
The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME platform of BSE in a timely manner or at all.
The price of the Equity Shares may be highly volatile after the Issue.
There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of the company's Promoter Group may adversely affect the trading price of the Equity Shares.
Sale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.

The Issue type of Paluck Technologies Ltd is Book Building - SME.

The minimum application for shares of Paluck Technologies Ltd is 6000.

The total shares issue of Paluck Technologies Ltd is 6876000.

Initial public offer of 68,76,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 48 per equity share (including a share premium of Rs. 38 per equity share) for cash, aggregating to Rs. 33 Crores ("Public Issue") out of which 3,45,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 48 per equity share for cash, aggregating Rs. 1.66 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation portion"). The public issue less market maker reservation Portion i.e. Issue of 65,31,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 48 per equity share for cash, aggregating up to Rs. 31.35 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constituted 33.02% and 31.36% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 48/- per equity share of face value of Rs. 10/- each. The floor price is 4.80 times of the face value of the equity shares. Bids can be made for a minimum of 6000 equity shares and in multiples of 3000 equity shares thereafter.

Paluck Technologies Ltd IPO

Objectives of Paluck Technologies Ltd IPO