Pace Digitek filed draft papers with the SEBI for an IPO worth ₹900, and it might have fresh issues in this IPO process. As per the sources, the fresh issue process will be used for the company’s purpose. Pace Digitek IPO of ₹900 with a face value of ₹2 for each share.
Pace Digitek Fund Deployment
A ₹630 Crore would be used for funding capital expenditure requirements and general corporate purposes.
In this IPO, 50% space was allocated to QIB, 15% for NII and 35% for retailers.
However, there might be Pre- IPO placement of ₹180. If this process successfully occurs fresh issue size will be reduced.
Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty and Lahari Maddisetty are the promoters of the company.
Unistone Capital Pvt. is the main manager for the issue, and MUFG Intime India Pvt. will handle the registration process.
The company started as a manufacturer of passive electrical equipment and has since expanded its operations to include a wide range of products, projects, maintenance, and services.
It provides complete turnkey solutions and operates in India, Myanmar, and Africa.
Pace Digitek’s revenue grew by 384%, rising from ₹503.20 crore in 2023 to ₹2,434.48 crore in 2024. Its profit after tax also saw a huge increase of 1,290%, going up from ₹16.53 crore in 2023 to ₹229.87 crore in 2024.
For the six months ending September 30, 2024, the company’s revenue was ₹1,188 crore, and its profit was ₹152 crore.
Pace Digitek IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Pace Digitek Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹413.94 | ₹398.17 | ₹11.50 |
| 2023 | ₹514.66 | ₹492.53 | ₹16.53 |
| 2024 | ₹2,460.27 | ₹2,153.52 | ₹229.87 |
| September 2024 | ₹1,204.34 | ₹993.41 | ₹152.04 |
Pace Digitek IPO Valuation – FY2024
Pace Digitek IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹14.63 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 40.67% |
| Net Asset Value (NAV): | ₹35.97 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| HFCL Limited | 2.33 | 34.86 | 8.34% | 27.95 | 4,465.05 Cr. |
| Exicom Tele-Systems Limited | 6.70 | 21.88 | 8.86% | 75.65 | 1,019.60 Cr. |
| Bondada Engineering Limited | 23.14 | 16.37 | 27.55% | 83.98 | 800.72 Cr. |
Objects of the Issue
- 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); and
- General Corporate Purposes.
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Private Limited
