Pace Digitek IPO Date, Review, Price and Key Information

Pace Digitek Limited IPO is fully book build issue and total IPO size is ₹900.00 crores. The entire share offering is a fresh issue worth ₹900.00 crores.

The dates for the Pace Digitek Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Pace Digitek Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Pace Digitek Limited IPO has not been announced yet.

Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Pace Digitek Limited IPO are Unistone Capital Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	₹900.00 Crores
Fresh Issue	₹900.00 Crores
Issue Type	Fresh Issue
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Pace Digitek Limited Company

Pace Digitek Limited is a solutions provider focused on telecom passive infrastructure, offering comprehensive turnkey solutions with a pan-India operational presence and operations in Myanmar and Africa. Starting as a passive electrical equipment manufacturer, they've expanded into products, projects, operations & maintenance (O&M), and services. The acquisition of GE Power Electronics India and the 'Lineage Power' brand in fiscal 2014 enabled 'end-to-end' manufacturing of direct current systems tailored for telecom towers. From fiscal 2023, they integrated the supply of Passive Infra products through Lineage Power Private Limited. They have also been undertaking projects for solarization of telecom towers including lithium-ion batteries since fiscal 2013.

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
14.63	40.67%	35.97

Offer Objectives

The company is planning a Fresh Issue of Equity Shares aggregating up to ₹90 crore. The Net Proceeds from this issue will be used for the following key objects:

1. Capital Expenditure: Funding capital expenditure requirements for investment in the subsidiary, Pace Renewable Energies Private Limited, to set up battery energy storage systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The allocated amount is ₹63 crore.

2. General Corporate Purposes: A portion of the Net Proceeds will be allocated for general corporate purposes. The amount utilized for general corporate purposes shall not exceed 25% of the Gross Proceed.

In addition to these specific uses, the company anticipates benefits from the listing of Equity Shares on the Stock Exchanges. These benefits include enhanced visibility, a stronger brand image, and the establishment of a public market for the company's Equity Shares in India.

Pre-IPO Placement: The Company may consider a Pre-IPO Placement for an amount aggregating up to ₹18 crore, at its discretion, prior to filing the Red Herring Prospectus. If undertaken, the amount raised will be reduced from the Fresh Issue, not exceeding 20% of the Fresh Issue size.