Paluck Technologies IPO Listing: Shares List At Over 2% Discount
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Paluck Technologies’ shares listed at over 2% discount on the BSE SME platform. The issue was oversubscribed by 271.68 times overall and 372.67 times in the retail category.
Paluck Technologies’ shares started trading on the Bombay Stock Exchange’s (BSE’s) dedicated platform for small and medium-sized enterprises (SMEs) on a muted note. They are listed at ₹46.80 apiece, translating into a discount of 2.50%.
Paluck Technologies IPO And Subscription Details
Paluck Technologies initial public offering (IPO) opened for public subscription on 28 August and closed on 1 September. It received an overwhelming response from investors, with the issue getting oversubscribed by a staggering 271.68 times. The retail portion was subscribed 372.67 times, while the non-institutional investors (NII) quota got subscribed 286.74 times. Qualified institutional investors (QIBs) also bid strongly, with their portion getting subscribed 83.39 times.
The SME IPO comprised entirely of a fresh issue of 68.76 lakh equity shares. The company raised a total of ₹33 crore through this public offering.
Paluck Technologies’ IPO price band was set between ₹46 and ₹48 per share.
About Paluck Technologies Limited
Established in 2010, Paluck Technologies Ltd is an engineering and infrastructure support company working across several sectors, including automobile services, construction equipment rentals, logistics, fleet management and telecom engineering. Its journey began with a diesel generator service business in 2009. At present, the company operates over 190 specialised vehicles across India and provides services such as concrete transportation, equipment rentals, RMC plant setup and logistics support.
Also Read - NSE IPO Gets Key Supreme Court Clearance As ₹31,000-Crore Issue Moves Closer
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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