Pace Digitek Ltd is set to launch its ₹819.50-crore initial public offering (IPO) today, pricing shares in the range of ₹208 to ₹219. The offering, which is open until September 30, requires a minimum investment of 68 shares per lot.
The IPO consists entirely of a fresh issue, with allocations designated for different investor categories: 50 percent for qualified institutional buyers, 35 percent for retail investors, and 15 percent for non-institutional investors.
Prior to the public offering, Pace Digitek raised more than ₹245.14 crore from anchor investors, which include Bandhan Mutual Fund, Taurus Mutual Fund, SBI General Insurance Company, Societe Generale, Saint Capital Fund, Aarth AIF Growth Fund, and Nexus Global Opportunities Fund. The company issued 1,11,93,807 equity shares at ₹219 each to these investors.
The proceeds from the IPO are primarily earmarked for capital expenditure, with ₹630 crore allocated for this purpose. Additionally, a portion of the funds will be used for general corporate purposes.
Founded in 2007, Pace Digitek is a multi-disciplinary solutions provider in the telecom passive infrastructure sector, focusing on areas such as telecom tower infrastructure and optical fibre cables. For the fiscal year ending 2025, the company’s revenue from operations reached ₹2,439 crore, slightly up from ₹2,434 crore in the previous year. Net profit also saw an increase, rising to ₹279 crore from ₹230 crore in FY24.
Unistone Capital serves as the sole book-running lead manager for this IPO.
Published on September 26, 2025.
