Pace Digitek Launches ₹819.5 Crore IPO in ₹208-219 Price Band
Pace Digitek Ltd, a Bengaluru-based telecom infrastructure solutions provider, opened its ₹819.5 crore initial public offering today. The IPO, priced at ₹208-219 per share, will close on September 30. The offer is entirely a fresh issue, with 50% reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
The company raised ₹245.14 crore from anchor investors ahead of the IPO, including Bandhan Mutual Fund, Taurus MF, and SBI General Insurance. Proceeds will primarily fund capital expenditure, with the remainder allocated for general corporate purposes. Pace Digitek reported ₹2,439 crore in FY25 revenue, up marginally from ₹2,434 crore in FY24, while net profit ROSE to ₹279 crore from ₹230 crore.
