India’s IPO market continues to attract investor attention in 2025, with companies across technology, energy, and infrastructure sectors raising capital. Among these, Pace Digitek Limited stands out as a multi-disciplinary solutions provider with a focus on telecom infrastructure, energy solutions, and ICT products. The company is set to open its IPO on September 26, 2025, providing investors an opportunity to participate in its growth story.
About Pace Digitek Ltd.
Incorporated in 2007, Pace Digitek Limited operates in three key business verticals:
- Telecom:
- Manufacturing passive telecom equipment
- O&M services for telecom towers
- Turnkey projects including erection of telecom towers and optical fiber networks
- Energy:
- Solar energy projects under Build-Own-Operate (BOO) model
- Solarization of telecom towers (modules, batteries, passive equipment)
- Rural electrification under EPC model
- Manufacturing and supply of lithium-ion battery systems
- Information, Communication and Technology (ICT):
- Surveillance systems
- Smart classrooms
- Smart kiosks for agricultural applications
Through its subsidiary, Lineage Power Pvt. Ltd, Pace Digitek offers power management solutions like Switch-mode Power Supplies and Hybrid DC Power Systems, as well as solar solutions for telecom towers.
The company has two manufacturing facilities in Bengaluru for telecom infrastructure equipment and lithium-ion battery production. As of July 31, 2025, Pace Digitek has 1,513 permanent employees.
Competitive Strengths:
- End-to-end integrated solutions provider in telecom infrastructure
- Diversified business segments with a strong order book
- Experienced management team
- Advanced manufacturing capabilities with high efficiency
- Consistent financial and operational performance
Pace Digitek IPO Details
The Pace Digitek IPO is a book building issue of ₹819.15 crore, entirely a fresh issue of 3.74 crore shares. The IPO will be listed on BSE and NSE.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 26, 2025 |
| IPO Close Date | Sep 30, 2025 |
| Tentative Allotment | Oct 1, 2025 |
| Initiation of Refunds | Oct 3, 2025 |
| Credit of Shares to Demat | Oct 3, 2025 |
| Tentative Listing Date | Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 30, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹2 per share |
| Issue Price Band | ₹208 – ₹219 per share |
| Lot Size | 68 shares |
| Total Issue Size | 3,74,04,018 shares (₹819.15 Cr) |
| Employee Discount | ₹20 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 17.84 crore shares |
| Shareholding Post-Issue | 21.58 crore shares |
Investor Category Reservation:
- QIB: Not more than 50% of the Net Issue
- Retail: Not less than 35% of the Net Issue
- NII: Not less than 15% of the Net Issue
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 68 | ₹14,892 |
| Retail (Max) | 13 | 884 | ₹1,93,596 |
| S-HNI (Min) | 14 | 952 | ₹2,08,488 |
| S-HNI (Max) | 67 | 4,556 | ₹9,97,764 |
| B-HNI (Min) | 68 | 4,624 | ₹10,12,656 |
Promoter Holding:
The promoters of Pace Digitek are Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty, and Lahari Maddisetty.
- Pre-IPO: 84.07%
- Post-IPO: 69.50%
Book Running Lead Manager: Unistone Capital Pvt. Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
Pace Digitek Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,648.96 | 2,253.87 | 840.15 |
| Total Income | 2,462.20 | 2,460.27 | 514.66 |
| Profit After Tax | 279.10 | 229.87 | 16.53 |
| EBITDA | 505.13 | 423.75 | 39.75 |
| Net Worth | 1,080.33 | 450.06 | 228.79 |
| Reserves & Surplus | 1,134.21 | 534.58 | 313.31 |
| Total Borrowing | 160.70 | 493.19 | 192.11 |
Key Performance Indicators (FY2025):
The market capitalisation of the Pace Digitek IPO is ₹4,727.03 Cr.
| KPI | Value |
| ROE | 23.09% |
| ROCE | 37.89% |
| Debt/Equity | 0.13 |
| RoNW | 22.87% |
| PAT Margin | 11.44% |
| EBITDA Margin | 20.71% |
| Price to Book Value | 3.07 |
EPS & P/E
| KPI | Pre-IPO | Post-IPO |
| EPS (Rs) | 15.64 | 12.93 |
| P/E (x) | 14 | 16.94 |
Objects of the Issue
The IPO proceeds are proposed to be utilised as follows:
| Object | Amount (₹ Million) |
| Funding Capital Expenditure Requirements | 6,300 |
| General Corporate Purposes | Balance |
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Industry Outlook
The telecom infrastructure and energy sector in India continues to grow due to:
- Increasing demand for telecom towers and OFC networks
- Expansion of renewable energy initiatives and rural electrification
- Growing adoption of ICT solutions for education and agriculture
- Government support for “Make in India” and localized telecom manufacturing
Pace Digitek’s diversified operations, advanced manufacturing, and strong order book position it well to benefit from these trends.
Pace Digitek IPO: Peer Comparison
Pace Digitek Ltd. can be compared with peers like HFCL Ltd, Exicom Tele-Systems Ltd, and Bondada Engineering Ltd. Reviewing these companies helps investors understand relative financial performance and growth potential in the telecom and infrastructure solutions sector.
Conclusion
Pace Digitek Limited presents a promising investment opportunity for those looking to participate in India’s telecom infrastructure and renewable energy growth story. With consistent revenue growth, a diversified product portfolio, and experienced management, the company is well-positioned. Investors, however, should consider risks such as sectoral competition, project execution timelines, and regulatory changes.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
