Pace Digitek IPO Details - Timeline and Price Band

Pace Digitek Limited IPO is set to launch its initial public offering (IPO) with a fresh issue worth Rs 819.15 crore, entirely through new shares. The IPO proceeds will primarily fund its battery energy storage systems (BESS) project awarded by Maharashtra State Electricity Distribution Company (MSEDCL) via its subsidiary, Pace Renewable Energies.

The company’s competitive edge lies in offering end-to-end telecom tower solutions, from equipment manufacturing to turnkey projects and maintenance services..

Pace Digitek IPO Price Band and Lot Size

• Price Band: Rs 208 – Rs 219 per equity share (face value Rs 2 each)
• Fresh Issue Shares: 3,74,04,018 shares
• Floor Price: 104 times the face value
• Cap Price: 109.50 times the face value
• Employee Discount: Rs 20
• Lot Size: 68 equity shares and multiples thereof

Pace Digitek IPO Subscription Timeline

• Anchor Investor Allotment: Thursday, September 25, 2025
• IPO Opens: Friday, September 26, 2025
• IPO Closes: Tuesday, September 30, 2025
• Basis of Allotment: Wednesday, October 1, 2025
• Refunds Initiated: Friday, October 3, 2025
• Shares Credited to Demat Accounts: Friday, October 3, 2025
• Listing Date (BSE & NSE): Monday, October 6, 2025

Pace Digitek IPO Reservation Quota

• Qualified Institutional Buyers (QIB): Not more than 50% of the net issue
• Non-Institutional Investors (NII): Not less than 15% of the net issue
• Retail Investors: Not less than 35% of the net issue
• Employees: Shares worth up to ₹20 million reserved

Key Highlights

• Total Issue Size: Rs 819.15 crore
• Issue Type: 100% fresh issue, no Offer for Sale (OFS) component
• Fund Utilisation:
• Rs 630 crore for BESS projects through subsidiary Pace Renewable Energies
• Balance towards general corporate purposes and working capital