The Pace Digitek IPO GMP has generated strong buzz in the market as investors eye this upcoming Mainboard IPO from Pace Digitek Limited, a leading player in India’s integrated power and communication infrastructure sector. With a total issue size of ₹819.15 Cr, the IPO gives investors exposure to a company specializing in renewable energy infrastructure, EPC services, and advanced power management solutions.
Here is a detailed breakdown of the IPO, its valuation, and the company’s business fundamentals.
IPO Key Dates and Price Details
The Pace Digitek IPO is a fresh issue of 3,74,04,018 equity shares, with no offer for sale (OFS) component.
Retail Investment Details
Company Profile: Pace Digitek Limited
Pace Digitek Ltd., which began as Pace Power Systems Pvt. Ltd., has evolved into a key supplier of renewable energy infrastructure, EPC (Engineering, Procurement, and Construction) services, and power management systems.
The company’s operations span several high-growth verticals:
-
Telecom Power Systems
-
Battery Storage Solutions
-
Solar EPC
-
Rural Electrification
Headquartered in Bengaluru, it also maintains an international presence in Singapore and Myanmar, backed by robust in-house R&D capabilities.
Objectives of the Issue
The proceeds from the fresh issue will be utilized for:
-
Expanding EPC infrastructure, battery storage systems, and R&D activities.
-
Funding working capital requirements.
-
General corporate purposes.
Financial Performance at a Glance (In Cr)
Key Takeaway: Profit has surged from ₹165.33 Cr in FY23 to ₹2,791.02 Cr in FY25. Net worth more than doubled, while borrowings decreased substantially, signaling strong financial health.
Valuation and Peer Comparison
Compared with peers like Bondada Engineering (P/E ~37.76x) and HFCL Ltd. (P/E ~60.07x), Pace Digitek is priced lower, making it attractive relative to its industry counterparts.
Strengths and ❌ Weaknesses
Grey Market Premium (GMP) Status
As of September 23, 2025, the Pace Digitek IPO GMP is reported at ₹25.
-
Estimated Listing Price: ₹219 (Upper Price Band) + ₹25 (GMP) = ₹244
Conclusion
The Pace Digitek IPO comes with strong fundamentals, solid financial performance, and an attractive valuation compared to peers. The company’s growth across renewable energy and EPC sectors, coupled with its global presence and reduced borrowings, strengthens investor confidence.
At the same time, risks tied to raw material volatility and government project dependency should be considered. For investors tracking the grey market trend, the Pace Digitek IPO GMP provides an early indication of positive listing expectations, making it an IPO worth watching closely.
Comments
0 comment