Pace Digitek IPO & Order Win: Key Highlights

31 March 2025

Pace Digitek Ltd., a telecom and energy infrastructure solutions provider, has filed for an ₹900 crore IPO and secured a 125 MW Battery Energy Storage System (BESS) project in Telangana. The Pace Digitek IPO aims to fund capital expenditures, while the order win strengthens the company’s position in India’s renewable energy sector.

IPO Plans

• DRHP Filed – Pace Digitek has submitted its Draft Red Herring Prospectus (DRHP) to SEBI for an Initial Public Offering (IPO).

• Issue Size – The IPO includes a fresh issue of shares worth ₹900 crore, with a face value of ₹2 each.

• Pre-IPO Option – A ₹180 crore pre-IPO placement may be conducted, reducing the fresh issue size if executed.

• Fund Utilization – ₹630 crore from the proceeds will be used for capital expenditure and general corporate purposes.

• Listing Plans – The company plans to list its shares on the NSE and BSE.

• Allocation Structure –

  • 50% reserved for Qualified Institutional Buyers (QIBs)

  • 15% for Non-Institutional Investors

  • 35% for Retail Investors

Order Win in Telangana

• Auction Win – Pace Digitek secured a 125 MW/250 MWh Battery Energy Storage System (BESS) contract from TGGENCO.

• Winning Tariff – The company won the bid at ₹2.45153/kWh, securing the largest share.

• Competitive Process – The project was awarded under a global competitive bidding process.

• Government Support – The project benefits from Viability Gap Funding (VGF), aiding India’s renewable energy growth.

With strong IPO plans and a major project win, Pace Digitek is strengthening its telecom and energy infrastructure presence.