Pace Digitek IPO
Open Date
26 Sep 2025
Close Date
30 Sep 2025
Open Date
26 Sep 2025
Close Date
30 Sep 2025
Min Investment
Lot Size
Issue Size
Price Range
Subscribed

Founded In
2007
CEO
Padma Venugopal Maddisetty
Financials of Pace Digitek IPO
| Key Performance Indicators | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Operating Revenue | 5,031.96 | 24,344.89 | 24,387.80 |
| Other Income | 114.63 | 257.77 | 234.22 |
Total Income | 5,146.59 | 24,602.66 | 24,622.02 |
Total Expenses | 4,925.28 | 21,535.20 | 20,782.73 |
| Profit Before Tax | 221.31 | 3,067.46 | 3,839.29 |
Total Profit | 165.33 | 2,298.71 | 2,791.02 |
All figures are in million (₹)

Utilisation of Proceeds
All figures are in million (₹)
| Purpose | Amount |
|---|---|
| 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. | - |

- 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.

