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Pace Digitek IPO is a bookbuilt issue of Rs 819.15 crore. This issue is entirely a fresh issue of 3.74 crore shares with no offer for sale.
The IPO opens for subscription on September 26, 2025, and closes on September 30, 2025. The allotment is expected to be finalized on Wednesday, October 1, 2025. The price band for the IPO is set at ₹208 to ₹219 per share, and the minimum lot size for an application is 68 shares.
Company Summary
Incorporated in 2007, Pace Digitek Limited is a multi-disciplinary solutions provider with a primary focus on the telecom infrastructure industry.
Business Verticals
- Telecom:
- Product manufacturing of passive telecom equipment.
- O&M services for telecom towers and annual maintenance of OFC and ancillary services.
- Turnkey projects, including the erection of telecom towers and the development of OFC networks.
- Energy
- Solar energy projects under a Build-Own-Operate (BOO) model.
- Solarization of telecom towers, which includes the supply and installation of solar modules, lithium-ion batteries, and related passive equipment.
- Rural electrification projects under an EPC (engineering, procurement, and construction) model.
- Manufacturing and supply of lithium-ion battery systems, used for energy storage in telecom towers.
- Information, Communication, and Technology (ICT)
- Surveillance systems
- Smart classrooms
- Smart kiosks for agricultural applications
Pace Digitek, through its subsidiary Lineage Power Pvt Ltd, offers key products to support telecom tower infrastructure. These include Power Management Solutions, such as Switch-Mode Power Supplies and Hybrid DC Power Systems, as well as solar solutions like Charge Control Units.
Manufacturing facilities: Two manufacturing facilities in Bengaluru, for manufacturing telecom infrastructure equipment and lithium-ion batteries.
As of July 31, 2025, it has 1,513 permanent employees
Company Strengths
- End-to-end solutions provider with integrated operations in the telecom tower sector.
- Diversified business segments with a strong order book.
- Experienced and qualified senior management.
- Advanced manufacturing facilities with production efficiency.
- Track record of financial and operational performance with profitable growth.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,648.96 | 2,253.87 | 840.15 |
| Total Income | 2,462.2 | 2,460.27 | 514.66 |
| Profit After Tax | 279.1 | 229.87 | 16.53 |
| EBITDA | 505.13 | 423.75 | 39.75 |
| Net Worth | 1,080.33 | 450.06 | 228.79 |
| Reserves and Surplus | 1,134.21 | 534.58 | 313.31 |
| Total Borrowing | 160.7 | 493.19 | 192.11 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Funding the Capital Expenditure requirement.
- General corporate purposes.
Promoters of the company
Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty, and Lahari Maddisetty are the company promoters.
IPO Details
| IPO Date | September 26, 2025, to September 30, 2025 |
| Listing Date | October 6, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹208 to ₹219 per share |
| Lot size | 68 shares |
| Total Issue size | 3,74,04,018 shares (aggregating upto ₹819.15 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 17,84,42,280 shares |
| Share Holding Post Issue | 21,58,46,298 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given discount if bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 68 | ₹14,892.00 |
| Retail (Max) | 13 | 884 | ₹1,93,596.00 |
| S-HNI (Min) | 14 | 952 | ₹2,08,488.00 |
| S-HNI (Max) | 67 | 4,556 | ₹9,97,764.00 |
| B-HNI (Min) | 68 | 4,624 | ₹10,12,656.00 |
Allotment Schedule
| Basis of Allotment | Wed, 1 Oct, 2025 |
| Initiation of Refunds | Fri, 3 Oct, 2025 |
| Credit of Shares to Demat | Fri, 3 Oct, 2025 |
| Tentative Listing Date | Mon, 6 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Source – SEBI, Chittorgarh
To check allotment, click here
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