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Issue Open Date
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26-Sep-25
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Issue Closing Date
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30-Sep-25
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Application Money
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100
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Allotment Money
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Price Band
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208
-
219
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Minimium Application No.
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68
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Issue Size (Shares)
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27606555
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Market Lot
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1
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Objective
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1. Funding capital expenditure requirement for investment in our Subsidiary, Pace Renewable Energies Private Limited, for setting up battery energy storage systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) (Capital Expenditure); and2. General Corporate Purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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5892895
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17109004
|
2.90332748165375
|
|
Qualified Institutional Buyers
|
7857191
|
12581156
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1.6012282252016
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Retail Individual Investors
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13750087
|
14131148
|
1.02771335192279
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|
|
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Business Description
We are an experienced, multi-disciplinary solutions provider with a significant focus on the telecom passiveinfrastructure (Passive Infra) industry. We offer comprehensive turnkey solutions and have established pan-Indiaoperational presence along with operations in Myanmar and Africa. We commenced our operations as a passiveelectrical equipment product manufacturer, and over the years we have expanded our Passive Infra operations tocomprise products, projects, operations & maintenance (O&M), and services and solutions. With the acquisition ofthe business of GE Power Electronics India and rights over the ‘Lineage Power’ brand in Fiscal 2014, we commenced‘end to end’ manufacturing of direct current systems which are tailored for telecom tower companies and operatorsand has helped us enhance our market position in the energy management solutions. From Fiscal 2023, we havebackward integrated our supply of Passive Infra products through our Subsidiary, Lineage Power Private Limited(Lineage) for the projects that we undertake. We have also been undertaking projects for solarization of telecomtowers (which comprises supply of solar modules and along with lithium-ion batteries the related passive equipmentsto telecom towers, installation, commissioning and O&M) since Fiscal 2013.
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Promoter's Holding
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Total Share Capital
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150007140
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Offered to Public
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27606555
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Promoter's Holding (Pre-Issue)
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84.07
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Promoter's Holding (Post-Issue)
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69.5
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Address |
Plot # V – 12 Industrial Estate
Kumbalgodu
Mysore Highway
Bengaluru,
Karnataka,
560074
Phone : 080 29547792
Email : complianceofficer@pacedigitek.com
Website : www.pacedigitek.com
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Registrar |
MUFG Intime India Pvt Ltd.
Narang Tower 44
Community Centre
Naraina Industrial Area
Phase - 1
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
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Unistone Capital Pvt Ltd.
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Promoters |
Lahari Maddisetty
Maddisetty Venugopal Rao
Padma Venugopal Maddisetty
Rajiv Maddisetty
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