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Home
InvestmentsIPOPace Digitek IPO

Pace Digitek IPO

Mainboard

Open Date

26 Sep 2025

Close Date

30 Sep 2025

Min Investment

₹ 14,144

Max Investment

₹ 5,00,000

Lot Size

68

Issue Size

₹ 819.15 Cr

Price Range

₹ 208 - ₹ 219
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
26 Sep 2025
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IPO Offer Ends
30 Sep 2025
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Allotment Finalisation
1 Oct 2025
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Refund Initialisation
3 Oct 2025
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Non-Institutional Buyers (sHNI)
3 Oct 2025
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Listing of Shares
6 Oct 2025
IPO Subscription Details as on 8 Dec 2025, 12:53 PM
Qualified Instituational Buyers (QiB)
1.6 x
Retail
1.01 x
Employees
1.7 x
Non-Institutional Buyer (bHNI)
3.09 x
Non-Institutional Buyer (sHNI)
2.52 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Pace Digitek Limited is a telecom infrastructure solution provider with significant focus on the telecom infrastructure industry including telecom towers and optical fibre cables. The company undertakes manufacturing, installation and commissioning services of products at the site and undertakes operation and maintenance of site including tower erection and optical fiber cable laying as turnkey solution. The company generates revenue from operations from 3 verticals: telecommunications, energy, and information and communication technology (ICT). The company has established operational presence in Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Jammu and Kashmir, Uttarakhand, Assam, Manipur, Arunachal Pradesh, Mizoram, Nagaland, Sikkim among others along with operations in Myanmar and Africa. The company commenced operations as an electrical equipment product manufacturer for the telecom industry, and over the years has expanded Telecom Infra operations to comprise products, projects, operations & maintenance (O&M), and services and solutions. With the acquisition of the business of GE Power Electronics India and rights over the 'Lineage Power' brand in Fiscal 2014, the company commenced 'end to end' manufacturing of direct current systems which are tailored for telecom tower companies and operators. From Fiscal 2023, the company has backward integrated supply of Telecom Infra products through its Subsidiary, Lineage Power Private Limited for the projects undertaken. The company has also been undertaking projects for solarization of telecom towers since Fiscal 2013. The company's business is broadly classified into three verticals: Telecom (providing end-to-end integrated solutions in telecom tower infrastructure and optical fibre cables), Energy (undertaking solar energy projects, solarization of telecom towers, BESS projects, and rural electrification projects), and Information, communications and technology (ICT) sector (offering customized surveillance systems, smart classrooms and smart kiosks). The company has transitioned from a manufacturer of equipment for the telecom industry to a multi-disciplinary solutions provider with offerings categorized as Products, Services, and Projects. The company, through its Subsidiary Lineage, has set up 3 manufacturing facilities in Bengaluru, Karnataka spread across 200,000 square feet. The company counts leading companies in the telecom, state owned optical fiber corporations, state owned distribution companies, and ICT amongst its customers, and has developed strong long-term relationships with customers. The company's revenue from operations increased from ₹ 5,031 million in Fiscal 2023 to ₹ 24,387.80 million in Fiscal 2025, at a CAGR of 120.15%. During the same period, profit after tax increased from ₹ 165.33 million to ₹ 2,791.02 million at a CAGR of 310.88%.
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Founded In

2007

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CEO

Padma Venugopal Maddisetty

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DRHP

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Financials of Pace Digitek IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue5,031.9624,344.8924,387.80
Other Income114.63257.77234.22
Total Income
5,146.5924,602.6624,622.02
Total Expenses
4,925.2821,535.2020,782.73
Profit Before Tax221.313,067.463,839.29
Total Profit
165.332,298.712,791.02

All figures are in million (₹)

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Utilisation of Proceeds

All figures are in million (₹)

PurposeAmount
The company proposes to utilize the Net Proceeds towards funding capital expenditure requirements for investment in the company's Subsidiary, Pace Renewable Energies Private Limited, for setting up battery energy storage systems for a project awarded by the Maharashtra State Electricity Distribution Company Limited. The investment will be made through a combination of equity and optionally convertible debt instruments in Pace Renewable Energies Private Limited. The subsidiary intends to utilize the funds towards purchase of plant and machinery from third party vendors, balance of systems, civil works expenses of MSEDCL BESS Project, and transportation costs. The company has been awarded a project for setting up pilot projects with an additional green shoe capacity of standalone battery energy storage systems at substations in Maharashtra. The MSEDCL BESS Project will be developed on a 'Build, Own and Operate' basis and supply BESS capacity to MSEDCL.6,300
The company proposes to utilize the Net Proceeds towards general corporate purposes and the business requirements of the company as approved by the Board, from time to time, subject to such utilization for general corporate purposes not exceeding 25% of the Gross Proceeds. The general corporate purposes include meeting ongoing general corporate exigencies, expenses incurred in the ordinary course of business, strategic initiatives, business development initiatives, meeting ongoing general corporate contingencies, organic or inorganic growth, other expenses including salaries, employee welfare activities, administration, insurance, repairs and maintenance, payment of taxes and duties and any other purpose, as may be approved by the Board or a duly constituted committee thereof from time to time, subject to compliance with applicable law.-
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  • End-to-end solutions provider with integrated operations in the telecom tower sector: The company provides end-to-end solutions with integrated operations in the telecom tower sector, ranging from manufacturing and supply of power management systems, project execution through EPC or turnkey mode, product life cycle management services, and O&M. The passive telecom infrastructure market size in India is estimated at ₹ 1,650-1,700 billion (cumulative) between Fiscals 2020-2024 and is projected to increase to ~₹ 2,000-2,100 billion between fiscal 2023-2028. The optical fibre EPC industry was estimated at ~ ₹ 84 billion as of Fiscal 2024 and is expected to grow to ₹ 135-140 billion by Fiscal 2028, representing a CAGR of 12.5-13.5%.
  • Diversified business segments with strong order book: The company has expanded from manufacturing electrical equipments for the telecom industry to comprise products, projects, O&M, services and solutions across telecom, energy, and ICT sectors. The company's order book as on March 31, 2025 was ₹ 76,336.17 million, demonstrating the increasingly diversified nature of business operations with 97.77% from public sector and 2.23% from private sector customers.
  • Experienced Board of Directors buttressed by technically proficient and qualified senior management personnel and employees: The company is led by a 'technocrat' Promoter with over 20 years of experience in telecommunications and energy industry. As of July 31, 2025, the company had 1,513 technically proficient employees including a dedicated 19 member R&D team with engineering background. The company has established an R&D centre at its Registered and Corporate Office.
  • Advanced manufacturing facilities with production efficiency: The company operates 3 manufacturing facilities spread across 200,000 square feet in Bengaluru, Karnataka. Manufacturing Facility 1 and Manufacturing Facility 2 are accredited with ISO 14001:2015, ISO/IEC 27001:2022, ISO 20000:2018, and ISO 9001:2015. Additionally, the company has obtained CMMi Level 3 certification. Manufacturing Facility 3 is used for manufacturing BESS with expected delivery capacity of 2.5GWh per annum, extendable to another 2.5GWh.
  • Track record of financial and operational performance with profitable growth: The company's revenue from operations increased from ₹ 5,031 million in Fiscal 2023 to ₹ 24,387.80 million in Fiscal 2025, at a CAGR of 120.15%. Profit after tax increased from ₹ 165.33 million to ₹ 2,791.02 million at a CAGR of 310.88% during the same period. EBITDA margin improved from 7.90% in Fiscal 2023 to 20.71% in Fiscal 2025.

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