Pace Digitek Ltd IPO
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Pace Digitek Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | DBC | ₹ 900 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 Sep, 25 | 30 Sep, 25 | 68 | ₹ 14,144 | Book Building | 06 Oct, 25 |
Pace Digitek Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Pace Digitek Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2,434.49 | 503.20 | 405.70 |
| EBITDA | 227.36 | 17.83 | 21.80 |
| PAT | 164.99 | 6.62 | 9.24 |
| Total Assets | 1,737.09 | 374.32 | 353.14 |
| Share Capital | 5.00 | 5.00 | 5.00 |
| Total Borrowings | 517.94 | 193.38 | 114.07 |
| Operating Activities (Net Cash) | 169.26 | 11.07 | 13.83 |
| Investing Activities (Net Cash) | 2.87 | 3.86 | 7.42 |
| Financing Activities (Net Cash) | 517.94 | 193.38 | 114.07 |
| Net Cashflow | 462.67 | 92.65 | 39.72 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Pace Digitek Ltd
Our Company was originally incorporated as `Pace Power Systems Private Limited', at Bengaluru as a private limited company under the provisions of Companies Act, 1956 and received a certificate of incorporation issued by the RoC on March 1, 2007. Thereafter, pursuant to a special resolution passed by the shareholders of our Company in their meeting on July 3, 2020, the name of our Company was changed to `Pace Digitek Infra Private Limited', and a fresh certificate of incorporation dated July 24, 2020, was issued to our Company by the RoC. Pursuant to a Board resolution dated May 10, 2024 and a special resolution passed by the Shareholders of our Company in their meeting on May 28, 2024, the name of our Company was changed to `Pace Digitek Private Limited', and a fresh certificate of incorporation dated July 29, 2024, was issued to our Company by the RoC. Subsequently, our Company got converted into a public limited company pursuant to a Board resolution dated October 16, 2024 and a special resolution passed by the Shareholders of our Company on October 16, 2024, and the name of our Company was changed to its present name, `Pace Digitek Limited', pursuant to a fresh certificate of incorporation dated November 19, 2024 issued to our Company by the RoC.
Passive infrastructure forms the majority at around 70% of the capital costs of setting up a wireless network in India and includes towers, shelters, power-regulation equipment, battery back-ups, diesel generator (DG) sets, etc. Between Fiscals 2020-2024, passive telecom infrastructure market size in India is estimated at Rs. 1,650-1,700 billion (cumulative) and is projected to increase moving forward to Rs. 2,000-2,100 billion between fiscal 2023-2028. Additionally, the optical fibre EPC industry which was estimated at Rs.84 billion as of Fiscal 2024, is expected to grow to Rs.135-140 billion by Fiscal 2028, which is a CAGR of 12.5-13.5%.
We are an experienced, multi-disciplinary solutions provider with a significant focus on the telecom passive infrastructure industry including telecom tower infrastructure and optical fibre cables. We offer comprehensive turnkey solutions and have established pan-India operational presence along with operations in Myanmar and Africa. We commenced our operations as a passive electrical equipment product manufacturer, and over the years we have expanded our Passive Infra operations to comprise products, projects, operations & maintenance and services and solutions.
Peer Comparison:
- HFCL Ltd
- Exicom Tele-Systems Ltd
- Bondada Engineering Ltd
Pace Digitek Ltd IPO Key Points
Strengths
- We are an end-to-end solutions provider with integrated operations in the telecom tower sector.
- Diversified business segments with strong order book.
- Experienced Board of Directors buttressed by technically proficient and qualified senior management personnel and employees.
- Advanced manufacturing facilities with production efficiency.
- Track record of financial and operational performance with profitable growth.
Risk
- Our business is significantly reliant on certain key customers, and we derived 83.67%, 99.45%, 92.16% and 79.23% of our revenue from operations during the 6 months ended September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively, from our top 10 customers. Loss of any of these customers or loss of revenue from any key customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.
- A significant proportion of our orders are from government related entities which award the contract through a process of tender. Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. Our performance could be adversely affected if we are not able to successfully bid for these contracts or required to lower our bid value.
- Our business operations are diversified and are significantly dependent on demand from our end-use industries / sectors, in particular telecom sector. We derived 94.43%, 95.40%, 81.92% and 60.92% of our revenue from operations during the 6 months ended September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively, from the telecom sectors. Any downturn in the end-use industries / sectors could have an adverse impact on our Company's business and results of operations.
Strategy
- We, through Lineage, intend to foray into manufacturing battery energy storage system (BESS) and undertake projects.
- Deepen our existing products and services offerings and expand our geographical reach.
- We are an end-to-end solutions provider with integrated operations in the telecom tower sector.
- Diversified business segments with strong order book.
- Experienced Board of Directors buttressed by technically proficient and qualified senior management personnel and employees.
- Advanced manufacturing facilities with production efficiency.
- Track record of financial and operational performance with profitable growth.
How To Apply for Pace Digitek Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
