The IPO market has another entrant today. It is the Bengaluru-based Pace Digitek. This issue will open today but the grey market premium (GMP) is already suggesting a 12% premium. The big question is – should you pay attention to this telecom infrastructure play?
Let’s take a look at the key details of this IPO –
Pace Digitek IPO: Subscription window opens today
The issue opens today, September 26, and will close its three-day bidding window on September 30. After this, the allotment is expected on October 1, while the shares are set to debut on the NSE, BSE by October 3.
Pace Digitek IPO: Grey market trend
Pace Digitek IPO’s GMP is around Rs 27 per share, which suggests a listing price of nearly Rs 246. This translates to a 12.3% premium over the upper price band.
However, it is important to note that GMP is not always a reliable indicator, and fluctuates based on market sentiment.
Pace Digitek IPO: Price range and investment size
The IPO has been priced in the range of Rs 208–219 per share. For retail investors, the minimum lot size is 68 shares, which works out to an entry amount of around Rs 14,892.
Pace Digitek IPO: Fund use and growth plans
This IPO is a fresh issue worth Rs 819 crore and no promoter shares are being sold. Out of the funds raised, about Rs 630 crore will go into battery energy storage systems (BESS) for a project awarded by MSEDCL through its renewable arm. The rest will be used for general corporate needs.
Pace Digitek IPO: Anchor book
On September 25, a day before the issue opened, Pace Digitek raised Rs 245 crore from anchor investors. The list included big names like Societe Generale, Bandhan Mutual Fund, Samsung India, SBI General Insurance, and others.
Pace Digitek IPO: Financial snapshot and peers
For FY25, the company reported a profit of Rs 279 crore, up 21% year-on-year, on a revenue base of Rs 2,438 crore (flat compared to the previous year). Pace Digitek will compete with HFCL, Exicom Tele-Systems, and Bondada Engineering in the listed space.
Pace Digitek IPO: What the company does
Pace Digitek operates across three verticals – telecom, energy, and ICT (information and communication technology). Its core strength lies in telecom towers and optical fibre networks. As of March 2025, the firm carried an order book of Rs 7,633 crore, with almost 98% of its business tied to public sector projects.