Bengaluru’s ‘Pace Digitek’ files for ₹900 crore IPO, revenue soars

Bengaluru-based telecom infrastructure solutions provider Pace Digitek has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), targeting a ₹900 crore initial public offering (IPO). The offering includes a fresh issue of equity shares with a face value of ₹2 each, alongside a potential pre-IPO placement of up to ₹180 crore. Unistone Capital is managing the issue, with MUFG Intime India serving as the registrar.

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IPO Structure and Fund Allocation

The company has structured the offering with 50% reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. A significant portion of the proceeds—₹630 crore—will be directed towards capital expenditure and corporate growth initiatives.

Robust Growth and Market Expansion

Pace Digitek has established a strong presence in the telecom tower and optical fiber cable sectors, operating in India, Myanmar, and Africa. The company reported a staggering 383.81% increase in revenue, rising from ₹503 crore in FY 2023 to ₹2,434 crore in FY 2024. Net profit surged 1,290.38% to ₹229.87 crore during the same period.

For the first half of FY 2025, Pace Digitek recorded ₹1,188 crore in revenue and ₹152 crore in net profit, reinforcing its strong market position and expansion plans in the telecom infrastructure sector.