The Pace Digitek IPO GMP has drawn strong interest in the market as investors look at this Mainboard issue from Pace Digitek Limited, a fast-growing name in India’s integrated power and communication infrastructure space. With a total issue size of ₹819.15 crore, the IPO offers exposure to renewable energy infrastructure, EPC services, and advanced power management solutions.
Below is a complete breakdown of the IPO details, company profile, and valuation insights.
IPO Key Dates and Price
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IPO Opening Date: September 26, 2025
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IPO Closing Date: September 30, 2025
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Price Band: ₹208 – ₹219 per share
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Face Value: ₹2 per share
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Total Issue Size: ₹819.15 crore
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Offer Type: Fresh issue of 3,74,04,018 shares (no OFS)
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Lot Size (Retail): 68 shares
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Tentative Listing Date: October 06, 2025
Retail Investment Highlights
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Retail Minimum Investment: ₹14,892 (1 lot of 68 shares at the upper band)
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S-HNI Minimum Investment: ₹2,08,488 (14 lots / 952 shares)
Company Overview: Pace Digitek Limited
Originally incorporated as Pace Power Systems Pvt. Ltd., the company has grown into a leading provider of renewable energy infrastructure and EPC services. Its key business segments include:
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Telecom Power Systems
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Battery Storage Solutions
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Solar EPC Projects
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Rural Electrification
Headquartered in Bengaluru, Pace Digitek also has an international footprint in Singapore and Myanmar, supported by strong in-house R&D capabilities.
Objectives of the Issue
Funds raised will be utilized for:
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Expanding EPC infrastructure and R&D activities
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Scaling battery storage systems
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Meeting working capital needs
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General corporate purposes
Financial Snapshot (₹ in Crores)
Key takeaway: Profit jumped from ₹165.33 Cr in FY23 to ₹2,791.02 Cr in FY25, while borrowings fell significantly, reflecting robust financial health.
Valuation & Peer Comparison
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EPS (FY25): ₹16.30
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P/E Ratio (Upper Band): ~13.44x
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ROCE: 37.89%
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Debt/Equity: 0.13
Compared to peers like Bondada Engineering (P/E ~37.76x) and HFCL (P/E ~60.07x), Pace Digitek’s valuation appears relatively attractive.
Strengths & Weaknesses
Strengths
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Strong R&D and innovation capabilities
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Presence in India, Singapore & Myanmar
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Wide product portfolio in renewable energy and power electronics
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Strong ROCE with reduced borrowings
Weaknesses
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Heavy reliance on government infrastructure spending
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Exposure to raw material price volatility
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Competition from established players like HFCL & Bondada
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Execution risk in entering new markets
Grey Market Premium (GMP)
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As of September 23, 2025: GMP stands at ₹25
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Estimated Listing Price: ₹219 (upper band) + ₹25 = ₹244
Conclusion
The Pace Digitek IPO GMP combines strong fundamentals, impressive profit growth, and an appealing valuation compared to peers. With its diversified presence in renewable energy and EPC sectors, alongside reduced debt and global operations, the company positions itself well for long-term growth.
However, investors should weigh risks tied to raw material costs and dependence on government-led projects. Still, the positive GMP trend indicates strong listing expectations, making this IPO one to watch closely.
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