India’s infrastructure boom is creating exciting opportunities for investors, and Pace Digitek Ltd., a Bengaluru-based telecom and energy solutions provider, is stepping into the spotlight with its Initial Public Offering (IPO). Scheduled to open on September 26, 2025, this IPO is drawing attention for its strong financials, public sector contracts, and strategic focus on renewable energy.
Pace Digitek Ltd. IPO Key Details
| Category | Details |
|---|---|
| IPO Open Date | September 26, 2025 |
| IPO Close Date | September 30, 2025 |
| Allotment Finalization | October 1, 2025 |
| Refund Initiation | October 3, 2025 |
| Demat Credit Date | October 3, 2025 |
| Listing Date | October 6, 2025 |
| Issue Size | ₹819.15 crore (Fresh Issue) |
| Price Band | ₹208 – ₹219 per share |
| Lot Size | 68 shares |
| Minimum Investment | ₹14,892 |
| Face Value | ₹2 per share |
| Lead Manager | Unistone Capital Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Pace Digitek Ltd. Financial Performance
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Revenue | ₹2,434.5 crore | ₹2,438.8 crore |
| Net Profit | ₹229.9 crore | ₹279.1 crore |
| EPS (Pre-IPO) | ₹15.64 | — |
| EPS (Post-IPO) | — | ₹12.93 |
| ROE | — | 23.09% |
| ROCE | — | 37.89% |
| Debt-to-Equity Ratio | — | 0.13 |
These numbers reflect a financially sound company with strong returns and minimal debt.
Use of IPO Proceeds
The company plans to deploy ₹630 crore from the IPO proceeds toward establishing Battery Energy Storage Systems (BESS) for a project awarded by Maharashtra State Electricity Distribution Company (MSEDCL). This will be executed via its subsidiary, Pace Renewable Energies. The remaining funds will be used for general corporate purposes.
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Grey Market Premium (GMP)
As of the IPO opening, the Grey Market Premium stands at ₹27 per share. This implies a potential listing price of ₹246—about 12.33% above the upper price band of ₹219. While GMP is unofficial, it often reflects investor sentiment and demand.
Pace Digitek Company Details
Founded in 2007, Pace Digitek Ltd. operates across three key verticals:
- Telecom Infrastructure: Towers, optical fibre cables, and passive equipment
- Energy Solutions: Solar and Battery Energy Storage Systems (BESS)
- ICT Services: Turnkey projects and maintenance for public and private sectors
With a ₹7,633.6 crore order book (98% from government clients), the company is deeply embedded in India’s infrastructure development.
Investment Considerations
Strengths
- Strong public sector order book
- Diversified business model across telecom and energy
- High ROE and ROCE
- Low debt levels
- Strategic focus on renewable energy
Risks
- Heavily dependent on government contracts
- Execution risks in large-scale energy projects
- Sectoral volatility due to regulatory changes
Pace Digitek Ltd. presents a compelling investment opportunity for those looking to tap into India’s infrastructure and renewable energy growth. With solid financials, a strategic roadmap, and strong public sector backing, the IPO offers long-term potential. However, investors should assess their risk appetite and consult financial advisors before subscribing.
Pace Digitek Ltd. IPO – Frequently Asked Questions (FAQ)
1. What is Pace Digitek Ltd.?
Pace Digitek Ltd. is a Bengaluru-based company specialising in telecom infrastructure, energy solutions (including solar and battery storage), and ICT services. It has a strong presence in public sector projects across India.
2. When does the IPO open and close?
- Opens: September 26, 2025
- Closes: September 30, 2025
3. What is the price band for the IPO?
The price band is set between ₹208 and ₹219 per equity share.
4. What is the lot size and minimum investment?
The lot size is 68 shares, and the minimum investment for retail investors is ₹14,892.
5. What is the total issue size?
The IPO is a fresh issue worth ₹819.15 crore.
6. Where will the shares be listed?
Shares will be listed on both the BSE and NSE on October 6, 2025.
7. Who are the lead manager and registrar for the IPO?
- Lead Manager: Unistone Capital Pvt. Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
8. What is the Grey Market Premium (GMP)?
As of now, the GMP is ₹27 per share, indicating strong investor interest and a potential listing price of ₹246.
9. Is Pace Digitek Ltd. profitable?
Yes. In FY 2025, the company reported a net profit of ₹279.1 crore with strong returns on equity and capital employed.
10. How can I apply for the IPO?
You can apply through your broker or trading platform using UPI or ASBA (Application Supported by Blocked Amount) via your bank.
11. Who are the promoters of the company?
The company is promoted by Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty, and Lahari Maddisetty.
12. What is the post-IPO shareholding structure?
Promoter holding will reduce from 84.07% pre-IPO, but they will retain significant control post-IPO.
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