Pace Digitek was incorporated on March 1, 2007. The company is a multi-disciplinary solutions provider specialising in telecom passive infrastructure, offering turnkey solutions across India, Myanmar, and Africa. It has evolved from manufacturing passive electrical equipment to providing products, projects, O&M, and comprehensive services
| Bidding Dates |
|---|
| 26 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 1.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,144 | 1 | 13 | 68 | 37.4 M | ₹208 - ₹219 | 69.5 % | ₹7780.0 M - ₹8191.5 M | RHP DOC |
Pace Digitek IPO SUBSCRIPTION STATUS
30 Sep '25Pace Digitek IPO overall subscription rate was 1.59 times the total available shares
Pace Digitek IPO retail subscription rate was 1.03 times in the retail segment
Pace Digitek IPO non-institutional investor subscription rate was 2.9 times in the non-institutional investor category
Pace Digitek IPO Qualified Institutional Bidder subscription rate was 1.6 times the available shares for Qualified Institutional Bidder
Pace Digitek IPO Employees subscription rate was 1.73 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
30 Sep 2025 (Day 3) | 1.03x | 2.9x | 1.6x | 1.73x |
29 Sep 2025 (Day 2) | 0.62x | 0.78x | 0.23x | 1.09x |
26 Sep 2025 (Day 1) | 0.18x | 0.09x | 0.17x | 0.33x |
Pace Digitek FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 2,438.8 | 279.2 | -175.9 | -212.0 | 20.7% |
| FY24 | 2,434.5 | 232.0 | 214.1 | 208.2 | 17.4% |
| FY23 | 503.2 | 16.8 | -43.8 | -49.6 | 7.9% |
Pace Digitek IPO SUBSCRIPTION STATUS DETAILS
Pace Digitek had 37.4 M shares on offer
Pace Digitek IPO offer price was in the range ₹208 - ₹219
Pace Digitek IPO minimum Investment was ₹14144
Pace Digitek IPO issue size was ₹ 7780.0 M - ₹ 8191.5 M
Pace Digitek had a minimum lot size of 68 Shares per application
Pace Digitek NUMBER OF SHARES ON OFFER
Pace Digitek IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Pace Digitek Allotment Status | Exchange/ Registrar |
Pace Digitek IPO subscription opened on 26 Sep 2025, and closed on 30 Sep 2025
IPO allotment for Pace Digitek was finalized on Wednesday, 01 Oct 2025
IPO listing for Pace Digitek was on NSE and BSE on Monday, 06 Oct 2025
Pace Digitek IPO LISTING GAINS
| Issue Price (adjusted) | 219.0 |
| Listing Open Price | 225.0 |
| Listing Close Price | 218.0 |
| Listing Gain% | 2.7% |
| Current Gain% | -16.7% |
Pace Digitek Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pace Digitek Ltd. | 182.5 | 3939.4 | 13.1 | 1.5 | 1.4 | 13.5 | 5.6 | 2687.4 | 9.1 | 297.6 | 11.2 | 13.9 | 8.5 |
| HFCL Ltd. | 219.8 | 33642.6 | 58.8 | 0 | 5.6 | 6.4 | 3.5 | 5014.5 | 21.6 | 311.7 | 75.7 | 3.7 | 1591.6 |
| Sterlite Technologies Ltd. | 632.4 | 32497.2 | 133.7 | 0.3 | 5.8 | 2.5 | 0.9 | 4804 | 19.1 | 56 | 145.5 | 4.7 | 457.4 |
| Birla Cable Ltd. | 294.3 | 882.8 | 19.1 | 0 | 1 | 6 | 3.6 | 774.9 | 16.6 | 16.9 | 245.6 | 15.4 | 656.8 |
| Aksh Optifibre Ltd. | 6.4 | 104.6 | -8 | -0.2 | 0.8 | 0 | -4.4 | 129.2 | -1.8 | -13.1 | 49.7 | -0.8 | 49.7 |
| Clenon Enterprises Ltd. | 45 | 49.2 | -20.5 | 0.1 | 13.9 | -33.1 | -16.9 | 3.5 | 80.8 | -2.4 | -238.4 | -2.2 | -238.5 |
Pace Digitek INFORMATION ON IPO ISSUE
About Pace Digitek
Pace Digitek was incorporated on March 1, 2007. The company is a multi-disciplinary solutions provider specialising in telecom passive infrastructure, offering turnkey solutions across India, Myanmar, and Africa. It has evolved from manufacturing passive electrical equipment to providing products, projects, O&M, and comprehensive services
Object of the Issue
- Funding capital expenditure requirement for investment in its subsidiary, Pace Renewable Energies, for setting up battery energy storage systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company Limited
- General corporate purposes
Pace Digitek - PROMOTERS
| Name |
|---|
| Maddisetty Venugopal Rao |
| Padma Venugopal Maddisetty |
| Rajiv Maddisetty |
| Lahari Maddisetty |
Pace Digitek - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Maddisetty Venugopal Rao | Chairman & Managing Director |
| Padma Venugopal Maddisetty | Whole Time Director |
| Rajiv Maddisetty | Whole Time Director |
| Satishchandra B Ogale | Independent Director |
| Om Prakash Mishra | Independent Director |
| Prabhakar Reddy Patil | Independent Director |
Pace Digitek Book Running Lead Manager
Unistone Capital Private Limited
mb@unistonecapital.com
Pace Digitek Registrar to the Offer
MUFG Intime India Private Limited
pacedigitek.ipo@in.mpms.mufg.com
Pace Digitek Strengths
Diversified business segments
The company initially focused on manufacturing passive electrical equipment and later expanded into products, projects, O&M, and services in Passive Infra. The acquisition of GE Power Electronics India's business and 'Lineage Power' rights in FY14 enabled end-to-end DC system manufacturing for telecom towers, strengthening its position in energy management
Advanced manufacturing facilities
Through its subsidiary Lineage, the company operates three manufacturing facilities in Karnataka for Passive Infra equipment, lithium-ion battery systems, and BESS. These facilities hold certifications, including ISO 14001:2015, ISO/IEC 27001:2022, ISO 20000:2018, ISO 9001:2015, and CMMi Level 3
Pace Digitek Risks
Competition
A large share of the company's orders comes from government-related entities through tenders, awarded to the lowest bidder meeting eligibility criteria. Failure to win bids or the need to lower bid values could negatively impact performance
Quality standards & certifications
The company's products must meet stringent quality standards and hold multiple quality certifications. Failure to renew these accreditations could harm its reputation, impacting customer acquisition and retention, ultimately affecting business performance and financial stability
Credit risk
The company faces counterparty credit risk, as customers or counterparties may delay or default on payments or contractual obligations, potentially impacting cash flows and financial stability
IPO FAQs
The promoters of the company are Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty and Lahari Maddisetty.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 208.0 - 219.0.
The IPO application opens on Sep 26, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 68. The maximum lot size for the IPO is 884.
For all category investors, the minimum application amount for this IPO is Rs. 14,144.0, the maximum value for this IPO is Rs 193,596.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
Pace Digitek Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.