| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹ 208 to ₹ 219 | 68 | 26th Sep, 2025 –30th Sep, 2025 | ₹839.28 Cr |
Pace Digitek Ltd
Pace Digitek Ltd. is a telecom infrastructure solutions provider with a diversified presence across telecom towers, optical fibre cables, and energy management solutions. Its offerings span manufacturing, installation, commissioning, and turnkey operations & maintenance, enabling an integrated presence across the telecom value chain. Revenue is generated from three verticals, telecommunications, energy, and ICT, supported by a strong operational footprint across multiple Indian states such as Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Jammu and Kashmir, Uttarakhand, Assam, Manipur, Arunachal Pradesh, Mizoram, Nagaland, Sikkim, as well as international presence in Myanmar and Africa. The company, which began as an electrical equipment manufacturer for the telecom industry, has progressively scaled into a full-service telecom infra player, with capabilities across products, projects, O&M and solutions. The acquisition of GE Power Electronics India’s business and rights over the Lineage Power brand in FY14 marked its entry into end to end direct current power systems manufacturing for telecom towers, enhancing its positioning in energy management solutions. More recently, through its subsidiary Lineage Power Pvt. Ltd., the company has backward integrated into telecom infra products, strengthening project execution. Additionally, its early entry into solarization of telecom towers (since FY13), including supply and O&M of solar modules and lithium ion battery systems, positions it well to benefit from the sector’s transition towards energy efficient and sustainable infrastructure.
Objective of the PaceDigitek Ltd IPO
The company proposes to utilise net proceeds from the issue towards the following objects:
- Funding capital expenditure requirement for investment in the company’s 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.
Rationale To PaceDigitek Ltd IPO
End-to-end solutions provider with integrated operations in the telecom tower sector
The company is positioned as an integrated player in the telecom tower sector. The company started as a manufacturer of equipment for the telecom tower sector and has since transitioned into a full-scale provider of end to end solutions for telecom tower operators. With the evolution of telecom power infrastructure from basic rectifiers and batteries in the 2G era to digitally controlled, hybrid, and grid integrated power systems, the company has aligned its offerings to meet the sector’s shift towards intelligent and sustainable solutions. Its capabilities span turnkey projects for new site rollouts, upgradation of existing sites, and project management across telecom tower and optical fibre segments, while also supplying individual components for such projects. A key differentiator of the business model lies in its holistic approach, integrating product manufacturing, services, and turnkey execution, enabling it to address the full spectrum of telecom infrastructure requirements.
Diversified business segments with strong order book bodes well for growth outlook
The company commenced operations as a manufacturer of electrical equipment for the telecom industry and has since expanded into a full spectrum telecom infrastructure provider, with capabilities spanning products, turnkey projects, O&M, services, and solutions. A key milestone was the 2014 acquisition of GE Power Electronics India’s business and rights over the Lineage Power brand, which enabled end to end manufacturing of direct current (DC) systems tailored for telecom tower operators, strengthening its positioning in energy management solutions. In FY23, the company further backward integrated into telecom infra products through its subsidiary Lineage, enhancing execution efficiency for its projects. Notably, the company has been engaged in solarization of telecom towers since FY13 including supply, installation, commissioning, and O&M of solar modules and related equipment, aligning with the industry’s push towards sustainable energy. In 2021, it diversified into the ICT sector, further broadening its growth avenues. As of March 31, 2025, the company reported a total order book of 76,336 million, compared to Rs. 63,413 million in FY24 and Rs. 91,526 million in FY23. The telecom segment contributed Rs. 35,700 million in FY25, down from Rs. 58,553 million in FY24 and Rs. 87,370 million in FY23, reflecting a decline in tower and optical fibre cable (OFC) orders over the period. Conversely, the energy segment showed strong growth, with the order book expanding significantly to Rs. 40,636 million in FY25, compared to Rs. 3,293 million in FY24 and Rs. 3,486 million in FY23, driven by sizeable Battery Energy Storage Systems (BESS) orders of Rs. 24,700 million and solar project orders of Rs. 24,024 million in FY25. Meanwhile, the ICT segment registered no orders in FY25, after recording Rs. 1,567 million in FY24 and Rs. 670 million in FY23. The company’s diversified order book underscores its ability to address multiple business verticals, while also highlighting the underlying strength and scalability of each segment in contributing to long term growth visibility.
Valuation of PaceDigitek Ltd IPO
Pace Digitek Ltd. positions itself as an integrated telecom infrastructure solutions provider with a strong focus on telecom towers and optical fibre networks. Its service portfolio spans manufacturing, installation, commissioning, and O&M, enabling turnkey solutions such as tower erection and fibre cable laying. Revenue streams are diversified across three verticals, telecommunications, energy, and ICT, supported by a wide operational footprint across key Indian states and select international markets, including Myanmar and Africa. The company, through its subsidiary Lineage, manufactures a wide range of intelligent power interfacing and monitoring systems catering to telecom operators, OEMs, tower and service providers, enterprises, and industrial clients. In FY24, passive telecom infrastructure market size in India was estimated at Rs. 1,650-1,700 billion, and is projected to increase to Rs. 2,000-2,100 billion by FY28. Additionally, the optical fibre EPC industry which was estimated at ~ Rs. 84 billion as of FY24, is expected to grow to Rs. 135-140 billion by FY28. On the financial front, the company delivered a sharp improvement in profitability, with EBITDA margins expanding from 7.9% in FY23 to 20.7% in FY25, the highest in the industry. Further, the PAT registered a remarkable CAGR of 310.9% over FY2023–25 period, significantly outperforming peers and underscoring the company’s strong operating leverage and execution capabilities. The company’s strategic initiatives, including product portfolio expansion, extension of services offerings, and growing geographical reach, are expected to support sustainable growth over the long term. The company is also well positioned to capitalise industry growth trends. On the upper price band, the company is currently valued at a P/E of 13x based on FY25 earnings which is cheaper compared to its peers. Thus, we recommend a “SUBSCRIBE” rating for this issue from a medium to long term perspective.
What is the PaceDigitek Ltd IPO?
The initial public offer (IPO) of PaceDigitek Ltd offers an early investment opportunity in PaceDigitek Ltd . A stock market investor can buy PaceDigitek Ltd IPO shares by applying in IPO before All PaceDigitek Ltd shares get listed at the stock exchanges. An investor could invest in PaceDigitek Ltd IPO for short term listing gain or a long term.
How to apply for the PaceDigitek Ltd IPO through StoxBox?
To apply for the PaceDigitek Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the PaceDigitek Ltd IPO open?
PaceDigitek Ltd IPO is opening on 26th Sep 2025. Apply Now
What is the lot size of the PaceDigitek Ltd IPO?
The Lot Size of PaceDigitek Ltd IPO is 68 equity shares. Login to your account now.
When is the PaceDigitek Ltd allotment date?
The allotment Date for PaceDigitek Ltd IPO is 1st Oct 2025. Login to your account now.
When is the PaceDigitek Ltd IPO listing date?
The listing Date for PaceDigitek Ltd IPO is 6th Oct 2025. Login to your account now
What is the minimum investment required for the PaceDigitek Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,892. Login to your account now
What is the maximum investment allowed for the PaceDigitek Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 1,93,596. Login to your account now
What are the risks associated with investing in the Trualt Bioenergy Ltd IPO?
The company is heavily dependent on the export market and derives majority of its revenue from the export trading of construction machines. High dependency on export revenues exposes the company to regulatory uncertainty, geopolitical risks, tariff & non-tariff barriers and trade policy volatility. The company’s revenue from operations is dependent upon a limited number of customers, and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business.
The company is dependent on third-party suppliers, and any disruptions in the supply or an increase in the prices of requisite construction machines could adversely affect its operations
When will the PaceDigitek Ltd IPO shares be credited to my Demat account?
The PaceDigitek Ltd IPO be credited to the account on allotment date which is 1st Oct 2025. Login to your account now
Where can I find the PaceDigitek Ltd IPO prospectus?
The prospectus of PaceDigitek Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
