Pace Digitek came to market through an IPO that opened on 26 September 2025 and closed on 30 September 2025, and the shares listed on 6 October 2025 on BSE, NSE. The price band was ₹208 to ₹219 per share and one lot was 68 shares, so the minimum application was ₹14,892. The issue size was ₹819.15 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Unistone Capital Pvt.Ltd was the lead manager.
As of 30 September 2025.
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Pace Digitek Limited is a manufacturer of passive electrical equipment and has since expanded into a broader range of Passive Infra-related products, services, and projects, as well as operations and maintenance (O&M). The company provides turnkey solutions and has a pan-India operational presence along with operations in Myanmar and Africa. The company operates in three main business verticals:
1) Passive Electrical Equipment (manufacturing and supply of lithium-ion battery systems for telecom towers), 2) Renewable Energy (installation of solar modules, lithium-ion batteries, and related passive equipment, rural electrification projects under EPC model), and 3) Information, Communication and Technology (surveillance systems, smart classrooms, smart kiosks for agricultural applications). As of February 28, 2025, the company has 1,296 permanent employees including an 18-member R&D team with engineering backgrounds.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Pace Digitek raises more than Rs 245 crore through anchor book before Rs 819-crore IPO. Total 15 institutional investors subscribed to the anchor book which comprised Societe Generale, Bandhan Mutual Fund, Samsung India, Taurus Mutual Fund, Saint Capital Fund, SBI General Insurance, Holani Venture Capital, Sunrise Investment Trust, and Aarth AIF.
Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty, Lahari Maddisetty. Promoter holding 84.07% before the issue and 69.50% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Pace Digitek IPO was a ₹819.15 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹208–₹219 per share with a lot size of 68 shares (₹14,892). The IPO was open from September 26 to September 30, 2025 and was subscribed 1.68x. Shares listed on BSE and NSE on October 6, 2025 at ₹225, a 2.7% premium to the issue price of ₹219. MUFG Intime India Pvt. Ltd. is the registrar. Unistone Capital Pvt. Ltd.
is the book running lead manager.
The price band of Pace Digitek IPO is ₹208 to ₹219 per share.
The lot size of Pace Digitek IPO is 68 shares.
The minimum investment for Pace Digitek IPO is approximately ₹14,892 based on the upper price band.
The allotment date of Pace Digitek IPO is Oct 1, 2025.
Pace Digitek IPO's final recorded GMP before listing was ₹10 per share (a 5% premium over the ₹219 upper price band). The shares listed at ₹225. GMP is unofficial and does not forecast or guarantee the actual listing price.
Pace Digitek IPO listed on Oct 6, 2025. It was issued at ₹225.0(NSE) and is currently around ₹157.00 as on 2-Nov-2026 3:30 PM, which is approximately -28.3% versus issue price. The 52-week high is ₹230.00.
You can check Pace Digitek IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Pace Digitek IPO allotment status on Rupix for quick and easy access.
₹208 to ₹219 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 68 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,892.
₹14,892, for one lot of 68 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 September 2025 and closed on 30 September 2025.
The basis of allotment was published on 1 October 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 6 October 2025 on BSE, NSE.
The issue size was ₹819.15 crore. The fresh issue was 3,74,04,018 shares (aggregating up to ₹819.15 crore).