Pace Digitek Limited IPO

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Pace Digitek Limited is a telecom infrastructure solutions provider specializing in the manufacturing, installation, and operation & maintenance (O&M) of telecom towers and optical fibre networks. The company offers turnkey solutions, encompassing design, deployment, and lifecycle management of telecom infrastructure, along with energy and ICT (Information and Communication Technology) services. Its operations span across India, including Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Jammu & Kashmir, Uttarakhand, Assam, and other states, as well as international markets such as Myanmar and Africa.

Business Verticals

1. Telecom Infrastructure: Provides end-to-end solutions for telecom towers and optical fibre cables (OFC). Services include equipment manufacturing, O&M of towers and OFC networks, and turnkey project execution for tower and fibre deployment.

2. Energy: Solarization projects for telecom towers and builds large-scale battery energy storage systems (BESS), either standalone or coupled with solar PV plants, under “build, own, and operate” (BOO) and EPC models. Products include lithium-ion battery systems, containerized BESS, power conversion systems (PCS), and energy management systems (EMS).

3. ICT Solutions: Provides customized ICT solutions, including surveillance systems, smart classrooms, and smart kiosks for agricultural and other applications.

4. Projects & Services: The company delivers turnkey projects across telecom, renewable energy, ICT, and solar installations. It also offers installation, commissioning, product lifecycle management, and O&M services for telecom and energy infrastructure.

Products

Through its subsidiary, Lineage Power Private Limited, Pace Digitek manufactures and supplies telecom infrastructure products, including power management solutions like switch-mode supplies and hybrid DC systems, solar solutions such as charge control units and inverters, lithium-ion battery systems with BESS containers, and remote management and monitoring systems.

Competitive Strengths

i) End-to-End Solutions: Integrated operations from product manufacturing to project execution and lifecycle services.
ii) Diversified Business Segments: Telecom, energy, and ICT offerings with a strong and growing order book.
iii) Experienced Management: A technically proficient Board and senior management team driving R&D and operational excellence.
iv) Proven Track Record: Consistent growth in revenue, EBITDA, and profitability over the past three fiscal years.

Market Position

Pace Digitek is strategically positioned as a multi-disciplinary solutions provider in the telecom and renewable energy sectors. Its focus on technology-driven solutions, solarization, and energy storage systems aligns with India’s push for sustainable and renewable energy infrastructure, making it a key player in both domestic and international markets

Objects of the Pace Digitek Limited IPO:

Company proposes to utilise the Net Proceeds towards the following objects: 1. Capital expenditure requirement for investment in Subsidiary (₹630 cr) 2. General Corporate Purposes.
DRHP of Pace Digitek Limited IPO
RHP of Pace Digitek Limited IPO

Pace Digitek Limited IPO Details:

Open Date: Sep 26 2025
Close Date: Sep 30 2025
Total Shares: 3,74,04,018
Face Value: ₹ 2 Per Equity Share
Issue Type: Book Building
Issue Size: 819.15 Cr.
Lot Size: 68 Shares
Issue Price: ₹ 208-219 Per Equity Share
Listing At: NSE,BSE
Listing Date: Oct 06 2025

Promoters And Management:

1. Maddisetty Venugopal Rao (59) is the Chairman and Managing Director of the Company. He holds a Bachelor’s degree in Engineering from Shivaji University, an MBA from Newport University, California, and a Doctor of Letters from the University of South America. With over two decades of experience in the telecommunications and energy sectors, he also serves as a partner at Pace Power Systems and oversees the Company’s daily operations and senior management. 2. Padma Venugopal Maddisetty (54) is the Whole-Time Director of the Company. An undergraduate by qualification, she brings over 20 years of experience in telecommunications and energy, and is also a partner at Pace Power Systems. She oversees the human resources function and supports the senior management team. 3. Rajiv Maddisetty (31) is the Whole-Time Director of the Company. He holds an Engineering degree from Rashtreeya Vidyalaya College of Engineering, VTU, Karnataka, and an MBA from the University of Delaware. Before joining the Company, he worked with PwC. With around five years of experience in telecommunications and energy, he is responsible for operations and guiding senior management.

Financials of Pace Digitek Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 2,438.70 2,434.40 503.10
EBITDA (Cr) 505.1 423.7 39.7
EBITDA Margins 20.71% 17.41% 7.90%
PAT (Cr) 279.1 229.8 16.5
PAT Margins 11.44% 9.44% 3.29%
ROCE 37.89% 40.85% 6.99%
Debt to Equity Ratio(In Times) 0.13 0.87 0.57
Operating Cash Flows (Cr) -175.8 214.1 -43.7
Operational KPI
Telecom towers installed (in Nos.) 3740 2305 Nil
OFC network laid (in kms) 6619 11827 197
Telecom Power equipment (in Nos.) 4234 6126 7109
Lithium-Ion Battery Racks (in Nos.) 3308 6026 Nil

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Pace Digitek Limited 2,438.70 20.71% 11.44% 37.89% 0.13 4727.03 16.94
HFCL Limited 4065 11% 4.26% 7.55% 0.37 10,855 320
Exicom Tele-Systems Limited 868 -12% -24.31% -6% 1.15 2,154 -
Bondada Engineering Limited 1571 11% 7.32% 40.40% 0.41 4464 39.9

Lead Manager of Pace Digitek Limited IPO:

  1. Unistone Capital Pvt Ltd

Registrar of Pace Digitek Limited IPO:

  1. MUFG Intime India Private Limited

Discussion on Pace Digitek Limited IPO:

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