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₹219 - 219
Pace Digitek Ltd
Telecom Equipment & Infra ServicesIPO
₹219 - 219
We are a telecom infrastructure solutions provider with a significant focus on the telecom industry including telecom tower infrastructure and optical fibre cables. We undertake manufacturing, installation and commissioning services of products at the site and undertake operation and maintenance of site including tower erection and optical fiber cable laying as turnkey solution. We generate our revenue from operations from 3 verticals i.e., telecommunications, energy, and information and communication technology (ICT). In the energy sector we provide solar and battery energy storage solutions including products manufacturing, installation and commissioning services, and operation and maintenance, including turnkey projects. We have established operational presence in Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Jammu and Kashmir, Uttarakhand, Assam, Manipur, Arunachal Pradesh, Mizoram, Nagaland, Sikkim among others along with operations in Myanmar and Africa.
Lot68Min Invest₹14,892Face Value₹2Issue Size₹819 CrFresh Issue₹819 CrListing Price₹227CMP₹138
Timeline
26 Sept
Bidding opens
30 Sept
Bidding closes
1 Oct
Allotment
3 Oct
Refund & demat credit
6 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹819 Cr3.74 Cr shares
Fresh Issue₹819 Cr
Face Value₹2
Lot Size68 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8921-13 lots
sNII₹2,08,488from 14 lots
bNII₹10,12,656from 68 lots
Managers & Registrar
Lead ManagerUnistone Capital Pvt Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group84.07%69.5%Public15.93%30.5%
Objects of the Issue
- Funding the company capital expenditure requirement
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 503 | 2,434 | 2,439 | 2,641 | 2,830 |
| Operating ProfitCr | 28 | 398 | 482 | 455 | 461 |
| OPM% | 5.6 | 16.4 | 19.8 | 17.2 | 16.3 |
| PBTCr | 22 | 307 | 384 | 430 | 437 |
| PATCr | 17 | 230 | 279 | 307 | 315 |
| EPS | 1 | 15 | 16 | 15 | 15 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 5 | 5 | 36 | 43 | - |
| ReservesCr | 313 | 535 | 1,134 | 2,164 | - |
| BorrowingsCr | 192 | 494 | 162 | 981 | - |
| Fixed AssetsCr | - | - | - | 209 | - |
| Total AssetsCr | 840 | 2,254 | 2,649 | 5,314 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -44 | 214 | -176 | -842 | - |
| Investing Cash FlowCr | -55 | -318 | 244 | -413 | - |
| Financing Cash FlowCr | 47 | 189 | -85 | 1,446 | - |
| Net Cash FlowCr | -51 | 85 | -17 | 192 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- 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.
Risks · as stated in the DRHP
- Our business is significantly reliant on certain key customers, and we derived 96.25%, 99.45% and 92.16% of our revenue from operations during the Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively, from our top 10 customers. Further, our business, results from operations, and financial condition are dependent on maintaining relationship with our customers. Further, our business, results from operations, and financial condition are dependent on maintaining relationship with our 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, and we derived 96.17%, 92.08% and 34.14% of our revenue from operations during the Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively, from our public sector customers. 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 94.22%, 95.40% and 81.92% of our revenue from operations during the Fiscal 2025, Fiscal 2024 and Fiscal 2023, 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.
- Our source of revenue is concentrated to certain regions in India. Our inability to operate and grow our business in such locations may have an adverse effect on our business, financial condition, result of operation, cash flow and future business prospects.
- Our business operations have grown substantially in recent period, particularly in Fiscal 2024, and we may not be able to sustain our rate of growth in the future.
- We have diversified our business operations in the past. Our future success and continued growth will depend on our ability to effectively implement our business and growth strategies. Our failure in effectively implementing our business and growth strategies may adversely affect our results of operations.