Pace Digitek Ltd is set to launch its ₹819.50-crore initial public offering (IPO) today, with shares priced between ₹208 and ₹219. The IPO, which is open until September 30, has a minimum market lot of 68 shares.
The Bengaluru-based company is offering a completely fresh issue, with allocations consisting of up to 50 percent reserved for qualified institutional buyers, 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.
On Thursday, the company raised over ₹245.14 crore from anchor investors, which include Bandhan Mutual Fund, Taurus Mutual Fund, SBI General Insurance, Societe Generale, Saint Capital Fund, Aarth AIF Growth Fund, and Nexus Global Opportunities Fund. A total of 1,11,93,807 equity shares were allotted to anchor investors at the top price of ₹219 each.
The proceeds from the IPO are earmarked for various purposes, including ₹630 crore allocated for capital expenditure and a portion designated for general corporate needs.
Founded in 2007, Pace Digitek specializes in telecom passive infrastructure solutions, focusing on telecom tower infrastructure and optical fiber cables. For the fiscal year 2025, the company reported a revenue of ₹2,439 crore, slightly up from ₹2,434 crore in FY24. Its net profit increased to ₹279 crore, compared to ₹230 crore the previous year.
Unistone Capital is acting as the sole book-running lead manager for this issue.
Published on September 26, 2025.
