Paluck Technologies IPO Day 2: GMP ₹25
Welcome back, investors! We’re halfway through the subscription period for Paluck Technologies’ BSE SME IPO, and it’s time for our Day 2 update. As of the close of business yesterday, August 29th, 2026, the IPO remains in a rather quiet phase, with zero subscriptions across all categories. This might seem unusual, but let’s dive into what it means and what we’re seeing on the Grey Market front.
| Date | GMP | Est. Listing |
|---|---|---|
| 03 Sep | +₹10 | ₹58 |
| 02 Sep | +₹20 | ₹68 |
| 01 Sep | +₹25 | ₹73 |
| 31 Aug | +₹25 | ₹73 |
| 29 Aug | +₹25 | ₹73 |
Subscription Status
The subscription numbers for Paluck Technologies on Day 2 are, frankly, zero across the board. We’ve seen 0x subscription in the Retail Individual Investor (RII) category, 0x in Non-Institutional Investors (NII), and a complete absence of bids from Qualified Institutional Buyers (QIBs). The total subscription stands at 0x. Now, before you panic, this isn’t necessarily a red flag, especially at this early stage for an SME IPO. Often, the bulk of subscriptions, particularly from NIIs and RIIs, pour in on the final day or the last two days of the IPO. QIB subscriptions, when they do come, can also be substantial and arrive late. However, it’s worth keeping an eye on this. A complete lack of interest even on Day 2 could, in some scenarios, indicate a lack of initial buzz or investor conviction. That said, for SME IPOs, it’s not uncommon to see a slow start.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 0.00x | |
| NII / HNI | 0.00x | |
| QIB | 83.89x | |
| Total | 83.89x |
GMP Update
Let’s talk Grey Market Premium (GMP). The current GMP for Paluck Technologies is ₹25. Interestingly, this is exactly where it stood yesterday, remaining unchanged. The issue price is ₹48, and with a GMP of ₹25, the expected listing price is around ₹73 (issue price + GMP). This is a positive sign, indicating that the market sentiment, at least among those trading in the unofficial GMP market, is still optimistic about the stock’s debut. A stable GMP, even with zero subscriptions, shows underlying demand and a belief in the company’s prospects. It’s encouraging that the GMP hasn’t dipped, which is often a concern when subscription numbers are low.
Should You Apply?
So, the million-dollar question: should you be applying for Paluck Technologies? It’s a bit of a mixed bag right now. On one hand, the GMP of ₹25, suggesting a potential listing gain of over 52% (₹25 on ₹48), is certainly attractive. The expected listing price of ₹73 offers a good margin. However, the complete lack of subscription numbers on Day 2 is a point to consider. It’s crucial to remember that the IPO period runs until September 1st, 2026. There’s still time for the subscription numbers to pick up significantly. SME IPOs often see a surge in interest towards the end. The lot size is 3000 shares, meaning an investment of ₹144,000 at the issue price. As per SEBI advisor guidelines, investors should always conduct their own due diligence. If you’re comfortable with the risk associated with SME IPOs and believe in Paluck Technologies’ business model, the current GMP might present a good entry point. However, if you prefer to see strong subscription figures before committing, you might want to wait until the final day. The bottom line is, weigh the potential listing gains indicated by the GMP against the current subscription status and your own risk appetite.