IPO Corner: Pace Digitek Limited

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 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.

• Issue Opens: September 26, 2025
• Issue Closes: September 30, 2025
• Face Value: Rs 2 each
• Price Band: Rs 208 – 219 per share
• Lot Size: 68 Shares
• Listing: BSE NSE

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 requirements 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. And with the acquisition of the business of GE Power Electronics India and rights over the ‘Lineage Power’ brand in Fiscal 2014, the company commenced ‘end to end’ manufacturing of direct current systems, which are tailored for telecom tower companies and operators, and has helped it to enhance its market position in the energy management solutions.

From Fiscal 2023, the company has backward integrated its supply of telecom infra products through its subsidiary, Lineage Power Private Limited (Lineage) for the projects that it undertakes. The company also has been undertaking projects for solarization of telecom towers (which comprises supply of solar modules and along with lithium-ion batteries and the related equipment to telecom towers, installation, commissioning, and O&M) since Fiscal 2013.

The company also undertakes turnkey projects for renewable energy sector through its subsidiary, Pace Renewable Energies Private Limited. The company also undertake BESS projects in either standalone mode or coupled with solar PV plants, floated through both build, own, and operate and engineering, procurement, and construction models. The company through Lineage, has recently commenced operations at its manufacturing facility at 73-P, Bidadi Industrial Area, Bidadi, Karnataka, which is being used for manufacturing BESS (manufacturing facility. Its three manufacturing facilities are spread across 200,000 square feet.