Paluck Technologies IPO is an SME IPO raising ₹33 Cr at ₹46 – ₹48 a share. It listed on 4 Sept 2026 at ₹47, −2.5% against its issue price of ₹48, and trades at ₹45 today (−5.4% since issue). It was subscribed 253× in total.
252.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 349-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 33 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
A criminal complaint has been filed by Tata Capital Limited ("Complainant") before the Court of Chief Metropolitan Magistrate, Karkardooma Courts, New Delhi, against our Company under Sections 138, 141, and 142 of the Negotiable Instruments Act, 1881. The complaint arises from the dishonour of a cheque dated May 27, 2025, for ₹523.43 lakhs
Our Promoters and members of our Promoter Group, have extended personal guarantees in favour of certain banks with respect to the loan facilities availed by our Company and have also provided their personal property as collateral for securing the loans availed by our Company.
There are many events that could cause significant damages to our operations, or expose us to third-party liabilities, whether or not known to us, for which we may not be insured or adequately insured
our top 1 customer accounted for 8.29%, our top 5 customers accounted for 26.98% and our top 10 customers accounted for 44.73% of our revenue from operations
Against the Company: 06^ Criminal Proceedings, 1 Tax Proceedings, 01 Material civil litigation with Aggregate amount involved of ₹228.34 lakhs
Our Company had, in the past, experienced a delay in the repayment of a loan obtained from Equitas Small Finance Bank Limited... Amount of default (₹ in Lakhs) 101.05
May-24 15-06-2024 12-11-2025 515 Due to Reconciliation
Our Company has experienced delays in filing of GST returns by the Company... delays of 70 days for July 2020 and 65 days for April 2020 under GSTR-3B
Non Appointment of Independent Director... The Company has filed a compounding application in respect of the same under Form GNL-1 on September 19, 2025
OEMs periodically review dealership performance, and their decision to continue or discontinue our dealership rights is entirely discretionary
We provide engineering and rollout services to telecom OEMs, and our revenues from this segment are directly linked to the capital expenditure cycles of telecom operators and OEMs
Upon completion of this Issue, our Promoters and members of our Promoter Group will collectively hold 57.97 % of the Equity share capital of our Company. As a result, our Promoters will have the ability to exercise significant influence over all matters requiring shareholders' approval
As of February 28, 2026 the total amount outstanding and payable as secured loans was ₹1,317.06 lakhs. In the event we default in repayment of the loans / facilities availed by us and any interest thereof, our assets may be subject to forfeiture by lenders
As on date, we have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue…we have not identified any alternate source of funding
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 10 | 1 | 1 | ₹9.4 Cr |
| Promoters | 6 | 0 | 1 | ₹6.1 Cr |
| Directors | 6 | 0 | 1 | ₹6.1 Cr |
| Subsidiaries | 0 | 0 | 0 | ₹0.0 Cr |
| Group companies | 0 | 0 | 0 | ₹0.0 Cr |
Tata Capital Limited v. Paluck Technologies: pending Sections 138, 141 and 142 complaint over a ₹523.43 lakh cheque; the dues are stated to have been fully repaid.
One company direct-tax case involving ₹181.08 lakh.
Paluck Technologies v. V.D. Concrette Flooring Private Limited: pending Section 138 complaint concerning a ₹120 lakh dishonoured cheque.
V.D. Concrette Flooring Private Limited v. Paluck Technologies, Naveen Katiyar and Vijay Chhabra: pending civil recovery suit for ₹47.26 lakh.
Soni Tyre Service v. Paluck Technologies and a director: two pending Section 138 complaints concerning a ₹24 lakh outstanding amount.
Amounts were converted at 1 crore = 100 lakh = 10 million. The company criminal total covers specifically quantified known complaints and excludes the unspecified number and amount of traffic challans. No consolidated grand total is stated; the specifically quantified known cases total ₹9.4214 crore. No statutory or regulatory action was reported against the company, promoters or directors.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
