Pace Digitek’s ₹819 crore IPO to open for subscription on September 26: Check price band, business model, financials & more

Incorporated in March 2007, Pace Digitek Limited is a telecom infrastructure solution provider with a significant focus on telecom tower erection and optical fibre cables. It undertakes manufacturing, installation, commissioning, operation and maintenance (O&M) of the telecom tower and optical fibre cable laying.

Pace Digitek IPO details

Pace Digitek IPO aims to raise ₹819.15 crore through its public issue. The issue is 100% book-built and a fresh issue of 3.74 crore shares.

The company has fixed the price band of the issue at ₹208 to ₹219 per share. The lot size, or the minimum bid quantity to apply for the issue, is 68 shares. This equates to a minimum investment amount of ₹14,892 per lot at the upper end of the price band for retail investors.

Pace Digitek has appointed Unistone Capital Pvt.Ltd as the book-running lead managers of the IPO, while MUFG Intime India Pvt.Ltd is the registrar for the issue.

Pace Digitek IPO: Important dates

Pace Digitek IPO will remain open for bidding from 26 to 30 September. After the bidding is closed, the allotment of shares is expected to be finalised on October 1.

Successful bidders can expect the shares to be credited to their demat accounts by October 3, with others receiving refunds on the same day. Pace Digitek shares are scheduled to list on the BSE and NSE on October 6.

Pace Digitek IPO objective

• Capital expenditure: The company will utilise up to ₹630 crore towards funding the capital expenditure requirement.
• General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes.

Financial snapshot

About the company

Pace Digitek Limited generates its revenue through three business verticals: telecommunications, energy, and information and communication technology (ICT). The telecom segment accounted for 94.22% of FY25 revenues, underpinned by turnkey tower installation, laying of optical fibre cable (OFC), and end-to-end O&M services.

The energy segment, representing 5.59% of FY25 revenues through telecom tower solarisation, battery energy storage systems (BESS), and rural electrification EPC projects. ICT products contribute 0.19% of revenues, covering smart surveillance, smart classrooms, and kiosks, marking the government's drive in digital infrastructure.

Pace Digitek's business model is highly integrated. From its subsidiary Lineage Power Pvt. Ltd., the company has three plants in Bengaluru and Bidadi spanning 200,000 sq. ft. These plants manufacture telecom power systems, lithium-ion battery systems, and BESS. In FY25, the company commissioned 3,740 telecom towers and laid 6,619 km of OFC, highlighting its project execution prowess. Meanwhile, its production facilities churned out 4,234 telecommunication power equipment units and 3,308 lithium-ion battery racks during the same year.

The company has a substantial order book of ₹7,633.61 crore as of March 31, 2025, spread across telecom towers, OFC, solar, BESS, and rural electrification projects. With diversification into BESS projects worth ₹2,470 crore, totalling to the energy segment worth ₹4,063 crore and telecom orders worth ₹3.570 crore.

The company has evolved to meet the requirements of this change in telecom tower operations in terms of its passive equipment technology. Further, the company is well positioned to capitalise on the rising demand for the BESS segment, as a capacity of 8,640 MW or 34,720 MWh is estimated to be added between 2022- 2027 in the BESS segment as per the NEP Policy, 2023. It intends to invest up to ₹ 630 crore and provide BESS products in line with the Government of India’s drive towards enhancing renewable energy capacity.