SEBI Approves Pace Digitek’s DRHP

02 September 2025

The Securities and Exchange Board of India (SEBI) has approved the Draft Red Herring Prospectus (DRHP) of Pace Digitek Limited, paving the way for the company to launch its initial public offering (IPO). The company had filed its DRHP on March 27, 2025, and SEBI granted its approval through an observation letter dated August 29, 2025.

IPO Offer Size

Particulars	No. of Shares	Amount (₹ in crore)
Fresh Issue	Up to [●]	900.0
Offer for Sale (OFS)	Nil	Nil
Total Issue Size	Up to [●]	900.0

(The exact number of shares will be finalized closer to the IPO launch. The issue may also include a Pre-IPO placement of up to ₹180 crore, which will reduce the fresh issue size accordingly.)

Key Parties

• Book Running Lead Manager (BRLM): Unistone Capital Private Limited
• Registrar to the Issue: MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.)

Summary

With SEBI’s approval in hand, Pace Digitek can now proceed to file its Red Herring Prospectus (RHP) and announce the IPO opening dates. Investors should watch out for further details on the price band, lot size, and timeline once the RHP is filed.