Pace Digitek IPO – Review
Pace Digitek Limited, a multi-disciplinary solutions provider for the telecom passive infrastructure industry in India, is planning to raise ₹819 Crore through an IPO.
[Fresh Issue ₹819 Cr + OFS NIL]
Pace digitek ipo price is ₹208 – ₹219 per share
Pace Digitek: History
The Company was originally incorporated as Pace Power Systems Private Limited, a private limited company under the Companies Act, 1956, at Bengaluru, India, on March 1, 2007.
The Company was then converted into a public limited company under a special resolution passed by the shareholders on October 16, 2024, and its name was changed to Pace Digitek Limited under a fresh certificate of incorporation issued by the RoC on November 19, 2024.
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Pace Digitek: Business
Pace Digitek Ltd. is an experienced, multidisciplinary solutions provider with a strong presence in –
- Telecom Passive Infrastructure (Passive Infra) sector,
- ICT Services (Information and Communications Technology), and
- Energy Solutions.
The Company has commenced operations as a passive electrical equipment product manufacturer and, over the years, has expanded its scope to include passive infrastructure operations, products, projects, operations & maintenance (O&M), and integrated solutions.
The Company has also forayed (through its subsidiary company – Lineage), into manufacturing battery energy storage systems (BESS), which are systems that utilize batteries to capture, store, and distribute electrical energy.
It also undertakes turnkey projects for the renewable energy sector (through a subsidiary company – Pace Renewable Energies Private Limited).
Manufacturing Facilities
The company operates three manufacturing facilities in Bengaluru, Karnataka, India – Collectively, these facilities span 200,000 sq. ft.
Order Book
As of September 30, 2024, the Company maintains a robust order book of ₹6,342 crore, with 100% public sector contracts.
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Employee Strength
As of February 28, 2025, the company had 1,296 permanent employees, out of which 18 were part of the core research and development (R&D) team.
Strategies Ahead
- Foray into manufacturing battery energy storage system (BESS)
- Deepen existing products and services offerings.
- Expand geographical reach
Company Promoters
- Maddisetty Venugopal Rao,
- Padma Venugopal Maddisetty,
- Rajiv Maddisetty,
- Lahari Maddisetty
Refer to Pace Digitek DRHP for detailed information.
IPO Details
Pace Digitek IPO date = 26 to 30 September 2025
Minimum Amount = ₹14,892
Minimum Bid = 68 Shares
Face Value (FV) = ₹2
Listing On = NSE, BSE
Book Running Lead Manager
Unistone Capital
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Pace Digitek IPO (keeping a long-term view in mind)
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