Home / Business and Economy / Pace Digitek IPO Slips to 5.5% Premium in Grey Market
Pace Digitek IPO Slips to 5.5% Premium in Grey Market
29 Sep, 2025
Summary
- Pace Digitek IPO trading at 5.5% premium, down from 14% earlier
- Company seeks to raise ₹819 crore through fresh issue
- Strong financials with 190% CAGR in net profit from FY22-FY25
As of September 29, 2025, Pace Digitek's IPO is trading at a 5.5% premium in the grey market, a sharp decline from the earlier 14% premium. The company, which offers integrated telecom and energy solutions, entered the second day of its IPO bidding on September 29, 2025, with the issue subscribed 16% on the first day.
Pace Digitek aims to raise ₹819 crore through a fresh issue of up to 3.94 crore equity shares. The IPO price band is fixed between ₹208 and ₹219 per share, implying a post-issue market capitalization of about ₹4,727 crore at the upper price limit.
The company has experienced robust financial growth, with revenues soaring from ₹405 crore in FY22 to ₹2,439 crore in FY25. Net profit jumped to ₹279 crore in FY25, marking a compound annual growth rate (CAGR) of nearly 190% between FY22 and FY25. Pace Digitek reported an EBITDA margin of 19.8% and a PAT margin of 11.4% in FY25.
Despite the strong financials, the IPO's listing performance has seen a muted response, with the grey market premium dropping significantly. The company's shares are currently trading at a premium of ₹12, or 5.5% above the upper price band, implying a possible listing price near ₹231.
