Published on Friday, September 26, 2025 by Chittorgarh.com Team | Modified on Thursday, November 6, 2025
Pace Digitek Limited IPO opens for subscription today, Friday, September 26, 2025, with strong investor interest reflected in the grey market premium (GMP). The IPO GMP rose 15%, last quoted at ₹32, suggesting a potential listing price of around ₹251 per share, 14.61% higher than the upper end of the price band.
Pace Digitek Limited, incorporated in 2007, is a Bengaluru-based telecom infrastructure solutions provider engaged in telecom towers, optical fibre, and related services. The company has recently diversified into battery energy storage systems (BESS) based on lithium battery technology to support renewable energy integration and power distribution projects.
Proceeds from the IPO will be primarily used to establish battery energy storage systems (BESS). Around ₹630 crore will be invested in a BESS project awarded by the Maharashtra State Electricity Distribution Company (MSEDCL) through the company’s subsidiary, Pace Renewable Energies. The balance will go toward general corporate purposes.
With a rising grey market sentiment and strong institutional backing, Pace Digitek’s IPO is being closely tracked by investors ahead of its listing.
