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Telecom Firm Pace Digitek Debuts on Exchanges with Modest Premium
6 Oct
Summary
- Pace Digitek listed with 3.58% premium, below grey market expectations
- Reported strong FY25 financials: Rs 2,462 crore revenue, Rs 279 crore net profit
- IPO proceeds to fund capacity expansion and technology upgrades
On October 6th, 2025, Pace Digitek, a telecom infrastructure company, listed on the stock exchanges with a 4% premium over its IPO price. The stock debuted at Rs 226.85 apiece on the BSE, a 3.58% premium over the IPO price of Rs 219. On the NSE, Pace Digitek's shares listed with a 2.74% premium at Rs 225.
The listing was marginally lower than the unlisted market premium expectation, as the grey market premium (GMP) on the stock hovered around 8% ahead of the debut. The Rs 819.15 crore IPO received a moderate overall subscription of 1.68 times, with participation led by high net-worth investors and qualified institutional buyers.
Financially, Pace Digitek has demonstrated rapid expansion over the last three years. In FY25, the company reported a revenue of Rs 2,462 crore and a net profit of Rs 279 crore, a 21% year-on-year increase compared to Rs 230 crore in FY24. The firm maintained strong profitability metrics, with an EBITDA margin of 20.7%, a PAT margin of 11.4%, and a return on equity (ROE) of 23%.
The IPO proceeds will be used to fund capital expenditure of Rs 630 crore for capacity expansion and technology upgrades, as well as for general corporate purposes. While the grey market signals a mild 8% premium, reflecting cautious optimism, investors will be closely watching how Pace Digitek's diversified telecom-energy-ICT model performs once the stock lists on the bourses.
