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Pace Digitek IPO
Pace Digitek Ltd
₹14,144 /68 sharesMinimum Investment
Pace Digitek IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Sep ‘25 - 30 Sep ‘25 | ₹14,144 | 68 | ₹208 - ₹219 |
| Issue Size | IPO Doc |
|---|---|
| 819.15Cr | RHP PDF |
Subscription rate
As of 26 Sep'25, 06:01 PM
| Qualified Institutional Buyers | 0.17x |
| Non-Institutional Investor | 0.09x |
| Retail Individual Investor | 0.18x |
| Employees | 0.32x |
| Total | 0.16x |
About Pace Digitek
Founded in
2007
Managing director
Mr Venugopalrao Maddisetty
Parent organisation
Pace Digitek Ltd
Pace Digitek Ltd IPO
https://www.youtube.com/watch?v=bEW7zm-wBuI
Strengths & Financials of Pace Digitek
Strengths
Risks
The company’s manufacturing facilities are ISO 14001:2015 certified for environmental management systems, ISO/IEC 27001:2022 certified for information security management, ISO 20000:2018 certified for service management systems, and ISO 9001:2015 certified for quality management systems. Additionally, both facilities have achieved Capability Maturity Model Integration (CMMI) Level 3 certification, reflecting strong quality and process standards.
The company states that its strong research and development (R&D) culture drives its growth. It consistently works on improving product design, system architecture, and expanding its range of solutions by building a skilled R&D team and enhancing its technological capabilities.
The company states that its order book highlights its ability to serve multiple business segments and shows the strength of each vertical. Although the telecom division has historically generated the highest revenue, other segments are experiencing strong growth. The company also claims that its order book is well diversified, not only across different business areas but also across a wide range of customers.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 503.20 crore in FY23 to Rs 2,434.49 crore in FY24 and Rs 2,438.78 crore in FY25. PAT increased from Rs 16.53 crore in FY23 to Rs 229.87 crore in FY24 and Rs 279.10 crore in FY25.
The company’s top 5 customers accounted for Rs 2,291.78 crore (93.97 percent) of the company’s total revenue in FY25, Rs 2,340.41 crore (96.14 percent) in FY24, and Rs 398.42 crore (79.18 percent) in FY23. The company states that it has maintained long-term relationships with these clients. However, if the company fails to retain any of these customers due to sudden strains in the relationships, the operations and finances of the company could be adversely affected.
The company generates a major portion of its revenue from public sector customers. These customers accounted for Rs 2,345.42 crore (96.17 percent) of the company’s total revenue in FY25, Rs 2,241.63 crore (92.08 percent) in FY24, and Rs 171.78 crore (34.14 percent) in FY23. The company achieves these contracts through a bidding process. If the company fails to perform during these bidding processes, it may lose these clients, which could adversely affect the company’s operations and finances.
The company derives a significant portion of revenue from the telecom sector. This sector accounted for Rs 2,297.86 crore (94.22 percent) of the company’s total revenue in FY25, Rs 2,322.52 crore (95.40 percent) in FY24, and Rs 412.22 crore (81.92 percent) in FY23. Any adverse developments or downturn in this particular sector could negatively affect the company’s operations and finances.
The company derives major revenue from the western region. The Western region of India accounted for Rs 1,122.94 crore (46.05 percent) of the company’s total revenue in FY25, Rs 988.99 crore (40.62 percent) in FY24, and Rs 0.67 crore (0.13 percent) in FY23. Any adverse political, social, or economic developments in the western region could negatively impact the company’s operations and financial performance.
The company’s top 10 vendors accounted for Rs 285.06 crore (39.70 percent) of the company’s total cost of material consumed in FY25, Rs 832.41 crore (53.40 percent) in FY24, and Rs 81.44 crore (84.62 percent) in FY23. Any disruption in supplies from one or more of these vendors could adversely affect the company’s business and finances.
The company’s revenue from projects accounted for Rs 2,376.22 crore (97.43 percent) of the company’s total revenue in FY25, Rs 2,264.99 crore (93.04 percent) in FY24, and Rs 158.83 crore (31.56 percent) in FY23. Any failure to maintain the revenue generated from projects could adversely affect the company’s operations and financial condition.
The company reported negative cash flows from operating activities amounting to Rs 175.89 crore in FY25 and Rs 43.78 crore in FY23. It also recorded negative cash flows from investing activities amounting to Rs 317.78 crore in FY24 and Rs 54.76 crore in FY23. Negative cash flows from financing activities amounted to Rs 85.32 crore in FY25. Furthermore, a decrease in cash and cash equivalents amounted to Rs 17.39 crore in FY25 and Rs 51.33 crore in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company has large trade receivables. It amounted to Rs 1,843.12 crore, representing 75.58 percent of revenue from operations of FY25. This is a sharp increase from Rs 1,076.44 crore (44.22 percent) in FY24, and Rs 394.30 crore (78.36 percent) in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company’s performance depends heavily on its subsidiaries, especially its key subsidiary, Lineage Power Private Limited. This entity handles the products commissioned for company projects and operates the manufacturing facilities. Subsidiaries contributed 7.31 percent in FY25 to the company’s total revenue, 5.68 percent in FY24, and 66.49 percent in FY23. Any financial losses or operational setbacks at these subsidiaries could hurt the company’s overall results and limit future growth.
All manufacturing activities are based in Bengaluru, Karnataka. This creates geographical concentration risks, which could directly harm the company’s operations and finances.
As of FY25, the company owed a total of Rs 1,015.02 crore to 1,301 creditors. Any delay or failure to meet these obligations could damage its reputation and have an adverse impact on its business and financial health.
The company, its promoters, and subsidiaries are involved in certain legal proceedings, including tax-related and criminal cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
As of July 31, 2025, the company reported financial indebtedness of Rs 820.02 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Pace Digitek Financials
*All values are in Rs. Cr
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Application Details of Pace Digitek IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹208 - 219 | Upto ₹2 Lakh |
| Employee | ₹188 - 199 | Upto ₹2 Lakh |
| High Networth Individual | ₹208 - 219 | ₹2 - 5 Lakh |
For Pace Digitek IPO, eligible investors can apply as Regular & Employee.