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Pace Digitek Ltd.
Pace Digitek Ltd.
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Overview

PACE DIGITEK LIMITED is a comprehensive telecom infrastructure solutions provider specializing in telecom towers and optical fibre cables. The company's operations span manufacturing, installation, commissioning, and operations & maintenance (O&M). Its business is structured into three main verticals: telecommunications, which is its core business; energy, which includes solar projects, battery energy storage systems (BESS), and rural electrification; and Information and Communication Technology (ICT), offering solutions like surveillance systems and smart classrooms. Through its subsidiary, Lineage Power Private Limited, the company has integrated its manufacturing capabilities for telecom infrastructure products. PACE DIGITEK has a significant operational presence across multiple Indian states and also extends its services to international markets like Myanmar and Africa.

Opening Date

Sep 26, 2025

Closing Date

Sep 30, 2025

Listing Date

Oct 06, 2025

IPO Type

Mainboard

IPO Status

Closed

Issue Size

819.148 Cr

Fresh Issue

819.15 Cr

Offer for Sale

Price Band

₹208 - ₹219

Lot Size

68

IPO Timeline

Sep 26, 2025
Open Date
Sep 30, 2025
Close Date
Oct 01, 2025
Allotment Date
Oct 03, 2025
Initiation of Refunds
Oct 06, 2025
Listing Date

Financials

Revenue

Profit After Tax (PAT)

IPO Objective

Our Company proposes to utilise the Net Proceeds towards the following objects:

  • Funding capital expenditure requirement for investment in our 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). The project involves setting up pilot projects of 250 MW/ 500 MWh, with an additional green shoe capacity of up to 500 MW/ 1000 MWh standalone BESS at 75 sub-stations in Maharashtra.

  • Funding General Corporate Purposes, which will be utilized for various business needs and operational requirements as determined by the management, not exceeding 25% of the Gross Proceeds.

Key Performance Indicator

P/E Ratio

12.55

EPS

17.44

ROE

23.09%

ROCE

37.89%

RONW

22.87%

Debt to Equity Ratio

0.13

PAT Margin

11.44%

EBITDA Margin

20.71%

P/B

3.07

SWOT Analysis

Strengths

  • Provides end-to-end solutions with highly integrated operations in the telecom tower sector, from manufacturing to O&M.

  • Diversified business segments across telecom, energy, and ICT, supported by a strong and geographically diverse order book.

  • Led by an experienced Board of Directors and a technically proficient senior management team with a skilled workforce.

  • Operates advanced manufacturing facilities with key quality and management system certifications like ISO and CMMi Level 3.

Weaknesses

  • High revenue concentration with a significant portion of income derived from a small number of key customers.

  • Manufacturing facilities have operated at low capacity utilization rates in recent fiscal years.

  • History of non-compliance with certain provisions of the Companies Act, including delays in CSR spending.

  • Substantial dependence on government and public sector contracts, which may involve procedural delays and complex payment cycles.

Opportunities

  • Increasing demand for Battery Energy Storage Systems (BESS) driven by India's national push towards renewable energy.

  • Growing telecom infrastructure market fueled by the expansion of 4G/5G networks and government projects like the 4G Saturation Project.

  • Potential to expand into new geographical markets, including Kenya and other African nations, for telecom and battery equipment.

  • Rising demand for optical fibre cable (OFC) infrastructure, with the EPC industry projected to grow significantly.

Threats

  • Operates in a highly competitive environment with the presence of other established players in the telecom and energy sectors.

  • Vulnerability to changes in government policies, regulations, and potential delays or cancellations of public sector projects.

  • Risk of technological obsolescence, requiring continuous investment in research and development to stay competitive.

  • Exposure to fluctuations in commodity prices, which can impact the cost of raw materials and project profitability.

Subscription Rate

CategoryShares Bid ForShares OfferedTimes Subscribed
Qualified Institutional Buyers18.24 L74.58 L0.24x
Non-Institutional Investors45.78 L55.96 L0.82x
Retail Individual Investors85.91 L1.31 Cr0.66x
Employee1.16 L1.01 L1.15x
Total1.51 Cr2.62 Cr0.58x