Mumbai : Pace Digitek Limited has fixed the price band of ₹ 208/- to ₹219/- per Equity Share of face value ₹ 2/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Friday, September 26, 2025, for subscription and close on Tuesday, September 30, 2025.
Investors can bid for a minimum of 68 Equity Shares and in multiples of 68 Equity Shares thereafter.
The IPO is a fresh issue aggregating up to Rs 819.14 crore.
The proceeds from the fresh issue to the extent of Rs 630 crore will be funding capital expenditure requirement for investment in its 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), and general corporate purposes.
The company is a telecom infrastructure solution provider with a significant focus on the telecom infrastructure industry including telecom towers and optical fibre cables. The company undertakes manufacturing, installation, and commissioning services of products at the site, and undertakes operation and maintenance of site including tower erection and optical fiber cable laying as turnkey solution.
The company generates its revenue from operations from 3 verticals – telecommunications, energy, and information and communication technology (ICT). The company has 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.
The company commenced its operations as an electrical equipment product manufacturer for the telecom industry, and over the years has expanded its telecom infra operations to comprise products, projects, operations & maintenance (O&M), and services and solutions.
The company’s revenue from operations was Rs 2438.7 crore during FY25 vis-à-vis Rs 2434 crore a year earlier. Its net profit was Rs 279.1 crore during FY25 vis-à-vis Rs 229.8 crore a year earlier.
Unistone Capital Private Ltd is the book-running lead managers; and MUFG Intime India Private Limited is the registrar of the offer.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
Issue Size of the IPO based on the upper and lower end of the price band
| No of shares | Total | |
| Lower Band (@Rs 208) | 3,93, 94, 230 | Rs 819.4 crore |
| Upper Band (@Rs 219) | 3,74,15,525 | Rs 819.4 crore |
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