Pace Digitek IPO

About Pace Digitek IPO

The offer consists of a fresh issue component. The fresh issue will include 3,74,04,018 shares (aggregating up to ₹819.15 crore). The total number of shares is 3,74,04,018 shares and the aggregate amount is ₹819.15 crore.

The Pace Digitek IPO opens on Sep 26, 2025 and closes on Sep 30, 2025. The tentative allotment date is Oct 1, 2025. The initiation of refunds will take place on Oct 3, 2025. The tentative listing date is Oct 6, 2025.

According to CRISIL, Pace Digitek Limited 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. They have evolved to meet the requirements of this change in telecom tower operations in terms of their passive equipment technology. While they undertake turnkey projects by setting up new sites, upgrading old sites and project management across telecom tower and optical fibre business segments, they also have the ability to provide the component aspect of the turnkey project.

Objectives of Pace Digitek IPO

• Funding capital expenditure requirement for investment in their Subsidiary, Pace Renewable Energies Private Limited, for setting up battery energy storage systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) (Capital Expenditure).

• General corporate purposes.

Industry Outlook

Telecommunication has been playing a pivotal role in India’s economic growth. It is the backbone of many industries, including e-commerce, media and entertainment, finance, information technology (IT), healthcare, transportation and logistics. The sector facilitates seamless movement of data worldwide through wired or wireless channels and significantly influences economic progress. The telecom market is constantly evolving with the integration of cutting-edge technologies over the years. This has widened the coverage of telecom services globally and made them an indispensable part of the daily lives of consumers. Telecom proved to be an essential service, especially during the Covid-19 pandemic, enabling people to remain connected amid worldwide lockdowns. The telecom industry mainly comprises wireless services or mobile services, and wireline services or fixed-line services. In India, wireless services accounted for 97.2% of the total telecom customer base as of fiscal 2024, followed by wireline services (2.8%).

Company Information

Pace Digitek Limited is a telecom infrastructure solution provider with a significant focus on the telecom infrastructure industry, including telecom towers and optical fibre cables. They undertake manufacturing, installation and commissioning services of products at the site, and undertake operation and maintenance of sites, including tower erection and optical fibre cable laying, as a turnkey solution. They generate their revenue from operations from three verticals, i.e. telecommunications, energy, and information and communication technology (ICT). They have 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.

They commenced their operations as an electrical equipment product manufacturer for the telecom industry, and over the years they have expanded their Telecom Infra operations to comprise products, projects, operations and 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, they commenced ‘end-to-end’ manufacturing of direct current systems, which are tailored for telecom tower companies and operators and have helped them enhance their market position in energy management solutions. From fiscal 2023, they have backward integrated their supply of Telecom Infra products through their subsidiary, Lineage Power Private Limited (Lineage), for the projects that they undertake. They have also been undertaking projects for the solarisation of telecom towers (which comprises the supply of solar modules along with lithium-ion batteries and the related equipment to telecom towers, installation, commissioning and O&M) since fiscal 2013.

They also undertake turnkey projects for the renewable energy sector through their subsidiary, Pace Renewable Energies Private Limited. They also undertake BESS projects in either standalone mode or coupled with solar PV plants, floated through both 'build, own, and operate' and 'engineering, procurement, and construction' models.

Strengths of Pace Digitek IPO

• End-to-end solutions in telecom passive infrastructure.
  
• Diversified business verticals with a strong order book.
  
• Focus on innovation and sustainable power solutions.
  
• Experienced Board of Directors buttressed by technically proficient and qualified senior management personnel and employees.
  
• Advanced manufacturing facilities with production efficiency.
  
• Track record of financial and operational performance with profitable growth.
  

Risks of Pace Digitek IPO

• Any downturn in the end-use industries/sectors.
  
• Delays in payments from their customers.
  
• Damage to and/or malfunction of any of their operating systems, IT infrastructure, or cyber security risks.
  
• Any losses incurred by their subsidiaries in the future.
  
• Any breakdown of their machinery at their manufacturing facilities.
  
• Any disruptions in the services of third-party logistics and support service providers, or a decrease in the quality of their services.
  
• Failure to keep their technical knowledge confidential.
  
• Failure to identify and understand evolving industry trends and preferences, and to develop new solutions to meet their customers’ requirements.
  
• Governmental actions and changes in policy.
  
• The occurrence of natural or man-made disasters.
  

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis as available sourced from the financial Reports of the peer company uploaded on the NSE and BSE website for the year ended March 31, 2025. Notes: 1. Basic and Diluted EPS for peers are sourced from the audited financial statements for the relevant year. 2. P/E Ratio has been computed based on the closing market price of equity shares on the NSE and BSE website on September 15, 2025, divided by the Diluted EPS. 3. RoNW is computed as net profit after tax attributable to owners of the company divided by total closing equity attributable to the owners of the company. 4. NAV is computed asthe closing net worth divided by the weighted average outstanding number of equity shares. 5. The data derived for the Peers have been obtained from the official announcements made by the companies with the stock exchanges. 6. Exicom Tele-Systems Limited has reported a loss for the financial year ended March 31, 2025. Hence the P/E is reported as NA. Also, for the calculation of Average P/E (based on Diluted EPS), Exicom Tele-Systems Limited has not been considered.

Anchor Investor Bidding Date: Thursday, 25 September 2025

Registrar: MUFG Intime India Private Limited Book Running Lead Manager: Unistone Capital Private Limited

Business Model

The company earns its revenue through the following: Providing a wide range of telecom infrastructure solutions, including the manufacturing and supply of power management systems, executing turnkey projects, and offering operations and maintenance (O&M) services. They primarily earn their revenue through contracts with telecom operators and tower companies across India and international markets. With a focus on both products and long-term service agreements, Pace Digitek generates consistent income from innovative and integrated offerings in the telecom and energy sectors.

Company Growth Trajectory

Pace Digitek Limited commenced their operations as an electrical equipment product manufacturer for the telecom industry, and over the years they have expanded their Telecom Infra operations to comprise products, projects, operations and maintenance (O&M), and services and solutions.

Their total income marginally increased by 0.08% from ₹2,460.27 crore in fiscal 2024 to ₹2,462.20 crore in fiscal 2025.

Their revenue from operations marginally increased by 0.18% from ₹2,434.49 crore in fiscal 2024 to ₹2,438.78 crore in fiscal 2025. The aforementioned increase was on account of an increase in sales-EPC. Their other income decreased by 9.14% from ₹25.78 crore in fiscal 2024 to ₹23.42 crore in fiscal 2025, primarily due to a marginal decrease in interest income from fixed deposits. Their profit after tax increased by 21.42% from ₹229.87 crore in fiscal 2024 to ₹279.10 crore in fiscal 2025.

Company Market Position

Pace Digitek Limited has established an 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.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹2462.202 crores, ₹279.102 crores, and ₹505.128 crores, respectively.

How to check the allotment status of Pace Digitek IPO?

1. Visit the Registrar's Website
To check the IPO allotment status for Pace Digitek Limited IPO, visit the official website of MUFG Intime India Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Pace Digitek Limited' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search
  

Your Pace Digitek Limited IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Pace Digitek Limited IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Pace Digitek Limited IPO bid and allotment details will be displayed.

How to apply for the Pace Digitek Limited IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.