- Price band
- To be announcedNot in this filing
- Issue size
- ₹819.15 Cr
- Face value
- ₹2per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingThu, 2025
- OpensFri, 2025
- ClosesTue, 2025
- AllotmentWed, 2025
- ListingMon, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹2
- Listing at
- NSE, BSE
- RHP date
- 19 Sept 2025
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Employees | — | — | — |
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2025, pre-issue- EPS (basic)
- ₹16.3
- EPS (diluted)
- ₹16.3
- RoNW
- 22.87%
- ROCE
- 37.89%
- NAV per share
- ₹71.24
- Debt to equity
- 0.13
- EBITDA margin
- 20.71%
- PAT margin
- 11.44%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202512 months | 31 Mar 202412 months | 31 Mar 202312 months |
|---|---|---|---|
| Revenue from operations | 2,438.78 | 2,434.49 | 503.20 |
| Total income | 2,462.20 | 2,460.27 | 514.66 |
| EBITDA | 505.13 | 423.75 | 39.75 |
| Profit after tax | 279.10 | 229.87 | 16.53 |
| Net worth | 1,169.90 | 539.58 | 318.31 |
| Reserves and surplus | 1,134.21 | 534.58 | 313.31 |
| Total assets | 2,648.96 | 2,253.87 | 840.15 |
12 months vs 12 months: revenue +0.2%, profit after tax +21.4%.
Source: Red Herring Prospectus dated 19 Sept 2025Updated
About the company
The company provides end-to-end telecom infrastructure solutions, covering telecom towers and optical fibre cable networks, including manufacturing, turnkey EPC projects, and operations and maintenance. Through its subsidiary Lineage Power Private Limited it manufactures telecom power and battery equipment, and it is expanding into energy and battery energy storage projects.
- Incorporated
- 2007
- Industry
- Telecom Infrastructure
- CIN
- U31909KA2007PLC041949
- Website
- pacedigitek.com
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Maddisetty Venugopal Rao | 28.04% | — |
| Padma Venugopal Maddisetty | 28.01% | — |
| Rajiv Maddisetty | 14.01% | — |
| Lahari Maddisetty | 14.01% | — |
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding capital expenditure for battery energy storage systems at a subsidiary, for a Maharashtra electricity distribution project | 630.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Pace Digitek LimitedIssuer | ₹16.3 | — | 22.87% | ₹71.24 |
| HFCL Limited | ₹1.23 | 60.07× | 4.35% | ₹28.28 |
| Exicom Tele-Systems Limited | -₹9.11 | — | -17.93% | ₹64.35 |
| Bondada Engineering Limited | ₹10.33 | 37.76× | 25.05% | ₹41.24 |
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with large telecom and public sector customers, with top 10 customers associated for about 10 years on average.
- Integrated offering spanning manufacturing, turnkey projects, and operations and maintenance in telecom infrastructure.
- In-house manufacturing through a subsidiary, with three facilities certified to several quality and information security standards.
- Revenue and profit after tax grew substantially from Fiscal 2023 to Fiscal 2025.
- Diversification into battery energy storage and renewable energy projects.
Risks
- Heavy dependence on a small number of key customers, with top 10 customers contributing over 96% of revenue in Fiscal 2025.
- Majority of revenue comes from public sector customers awarded through competitive tenders, with uncertain bid success.
- Fiscal 2024 results were boosted by one large 4G saturation project, so earnings are not evenly spread across years.
- Net proceeds depend on a large battery energy storage project that has not yet placed capital expenditure orders and relies on a planned loan.
- This is the company's first public issue with no existing market for its shares, so the price after listing may be volatile.
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Contacts
Source: Red Herring Prospectus dated 19 Sept 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 19 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Pace Digitek IPO open and close?
According to the Red Herring Prospectus, the issue opens on Friday, 26 September 2025 and closes on Tuesday, 30 September 2025.
What is the Pace Digitek IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Pace Digitek shares list?
On NSE and BSE. The tentative listing date is Monday, 6 October 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Pace Digitek IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 1 October 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹630 Cr for funding capital expenditure for battery energy storage systems at a subsidiary, for a Maharashtra electricity distribution project, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.