Pace Digitek IPO
Bookbuilding IPO | ₹819.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Sep 26, 2025
IPO Close
Tue, Sep 30, 2025
Price Band
₹208.00 to ₹219.00
Market Cap (Pre-IPO)
₹4,727.03 Cr
IPO Details
| IPO Date | Sep 26, 2025 to Sep 30, 2025 |
| Listing Date | Tentative: Oct 06, 2025 |
| Face Value | ₹2.00 per share |
| Price Band | ₹208.00 to ₹219.00 |
| Lot Size | 68 Shares (Minimum: ₹14,892.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹819.00 Crores |
| Total Shares Offered | 37,409,047 shares |
| Offer For Sale | 37,409,047 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.69x |
| NII | 3.06x |
| RII | 1.09x |
| Total | 1.68x |
Pace Digitek IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,86,56,346 (49.87%) |
| Retail Shares Offered | 1,30,59,443 (34.91%) |
| NII Shares Offered | 55,96,905 (14.96%) |
Pace Digitek IPO Lot Size
Investors can bid for a minimum of 68 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,892 |
| Retail (Max) | 13 | 884 | ₹193,596 |
| S-HNI (Min) | 14 | 952 | ₹208,488 |
| S-HNI (Max) | 67 | 4,556 | ₹997,764 |
| B-HNI (Min) | 68 | 4,624 | ₹1,012,656 |
Pace Digitek Financial Information (Restated Consolidated)
Pace Digitek Ltd.'s revenue not changed and profit after tax (PAT) rose by 21% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,648.96 | 2,253.87 | 840.15 |
| Total Income | 2,462.20 | 2,460.27 | 514.66 |
| Profit After Tax | 279.10 | 229.87 | 16.53 |
| EBITDA | 505.13 | 423.75 | 39.75 |
| NET Worth | 1,080.33 | 450.06 | 228.79 |
| Reserves and Surplus | 1,134.21 | 534.58 | 313.31 |
| Total Borrowing | 160.70 | 493.19 | 192.11 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 23.09% |
| ROCE (Return on Capital Employed) | 37.89% |
| Debt/Equity | 0.13 |
| RoNW (Return on Net Worth) | 22.87% |
| PAT Margin (Profit After Tax Margin) | 11.44% |
| EBITDA Margin | 20.71% |
| Price to Book Value | 3.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.64 | 12.93 |
| P/E (x) | 14.00 | 16.94 |
| Promoter Holding | 84.07% | 69.50% |
Company Promoters
- Maddisetty Venugopal Rao
- Padma Venugopal Maddisetty
- Rajiv Maddisetty and Lahari Maddisetty are the company promoters.
Company Overview
Incorporated in 2007, Pace Digitek Limited is a multi-disciplinary solutions provider with a primary focus on the telecom infrastructure industry.
Pace Digitek Business Verticals
1. Telecom:
- Product manufacturing of passive telecom equipment.
- O&M services for telecom towers and annual maintenance of OFC and ancillary services.
- Turnkey projects, including the erection of telecom towers and the development of OFC networks.
2. Energy
- Solar energy projects under a Build-Own-Operate (BOO) model.
- Solarisation of telecom towers, which includes the supply and installation of solar modules, lithium-ion batteries, and related passive equipment.
- Rural electrification projects under an EPC (engineering, procurement, and construction) model.
- Manufacturing and supply of lithium-ion battery systems, used for energy storage in telecom towers.
3. Information, Communication and Technology (ICT)
- Surveillance systems
- Smart classrooms
- Smart kiosks for agricultural applications
Pace Digitek, through its subsidiary Lineage Power Pvt Ltd, offers key products to support telecom tower infrastructure. These include Power Management Solutions such as Switch-mode Power Supply and Hybrid DC Power Systems, as well as solar solutions like Charge Control Units.
Manufacturing facilities: 2 manufacturing facilities in Bengaluru, for manufacturing telecom infrastructure equipment and lithium-ion batteries.
As of July 31, 2025, it has 1,513 permanent employees.
Company Strengths
- End-to-end solutions provider with integrated operations in the telecom tower sector.
- Diversified business segments with a strong order book.
- Experienced and qualified senior management.
- Advanced manufacturing facilities with production efficiency.
- Track record of financial and operational performance with profitable growth.
Use of Proceeds
| 1) | Funding the Capital Expenditure requirement. | 630.00 |
| 2) | General corporate purposes. | 115.83 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Pace Digitek IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Pace Digitek | 16.30 | 16.30 | 71.24 | 0.00 | 22.87 | 0.00 | Consolidated |
| HFCL | 1.23 | 1.23 | 28.28 | 60.07 | 4.35 | 0.00 | Consolidated |
| Exicom Tele-Systems | -9.11 | -9.11 | 64.35 | 0.00 | -17.93 | 0.00 | Consolidated |
| Bondada Engineering | 10.33 | 10.28 | 41.24 | 37.76 | 25.05 | 0.00 | Consolidated |
Quick Info
| Sector | Telecom Infrastructure |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,727.03 Cr |
Important Dates
| IPO Open | Sep 26, 2025 |
| IPO Close | Sep 30, 2025 |
| Allotment Date | Oct 01, 2025 |
| Credit to Demat | Oct 03, 2025 |
| Listing Date | Tentative: Oct 06, 2025 |
Lead Manager(s)
Unistone Capital Pvt.Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
91-22-4918 6270
Description
- Pace Digitek Ltd. IPO is a book build issue of ₹819.15 crores. The issue is entirely a fresh issue of 3.74 crore shares of ₹819.15 crore.
- Pace Digitek IPO bidding started from Sep 26, 2025 and ended on Sep 30, 2025. The allotment for Pace Digitek IPO was finalized on Oct 1, 2025. The shares got listed on BSE, NSE on Oct 6, 2025.
- Pace Digitek IPO price band is set at ₹219.00 per share . The lot size for an application is 68. The minimum amount of investment required by an retail is ₹14,892 (68 shares) (based on upper price). The lot size investment for sNII is 14 lots (952 shares), amounting to ₹2,08,488, and for bNII, it is 68 lots (4,624 shares), amounting to ₹10,12,656.
- The issue includes a reservation of up to 1,00,502 shares for employees offered at a discount of ₹20.00 to the issue price.