Pace Digitek, a Bengaluru-based company, is set to launch its Initial Public Offering (IPO) to raise ₹900 crore.
The company has filed its draft papers with the Securities and Exchange Board of India (SEBI), with the aim to offer new shares in the public issue.
The IPO will not include an offer for sale. The company may also raise up to ₹180 crore in a pre-IPO round, which will reduce the total IPO size if it happens.
About Pace Digitek
Pace Digitek specializes in power management, optic fiber laying, and energy management solutions. The company provides integrated solutions in:
Telecom tower infrastructure
Optical fiber cables
Solar energy projects (on a build, own, and operate model)
Solarization of telecom towers and rural electrification projects (under the EPC model)
IPO Utilization Plan
The primary use of the IPO funds will be to support the installation of Battery Energy Storage Systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company (MSEDCL).
A significant ₹630 crore of the raised funds will be directed toward this project. The remainder of the funds will be used for general corporate purposes.
Financial Highlights
Revenue Growth: Pace Digitek has shown impressive growth, with its revenue increasing almost 5 times in FY 2024, reaching ₹2,434.5 crore, compared to ₹503.2 crore in FY 2023.
Profit Surge: The company’s net profit surged 14 times in FY 2024, increasing to ₹229.9 crore from ₹16.5 crore in the previous year.
Strong Half-Year Performance: Between April and September 2025, Pace Digitek reported a profit of ₹152 crore, with revenue amounting to ₹1,188.3 crore.
Telecom Business Dominance
The telecom sector is the primary driver of Pace Digitek’s revenue, contributing 94-95% of its total earnings.
This strong focus on telecom infrastructure and services underpins the company’s financial performance and growth trajectory.
IPO Details
Total IPO Size: ₹900 crore (with the possibility of reducing the size if the pre-IPO placement is successful).
Lead Manager: Unistone Capital has been appointed as the book running lead manager for the IPO.
No Offer for Sale: This IPO will only consist of new shares; there won’t be any offer for sale by existing shareholders.
Pace Digitek’s strong growth in revenue and profit, alongside its focus on critical sectors like telecom and energy, makes this IPO a significant opportunity for investors.
