Newsletter
Pace Digitek, a Bengaluru-based telecom infra firm, has filed preliminary papers with SEBI for an IPO to raise up to ₹900 crore.
The deets: founded in 2004, Pace provides telecom tower infrastructure, optical fibre cable services, and passive infra solutions across telecom, energy, and tech sectors.
What’s new: the IPO is a pure fresh issue, though the company may raise ₹180 crore via pre-IPO placement. Proceeds will fund capital expenditure and general corporate purposes.
By the numbers: Pace has scaled rapidly, FY24 revenue surged nearly 5x to ₹2,434 crore, while profit jumped to ₹229.9 crore.
Why it matters: India is in the middle of a massive infrastructure overhaul—fueled by 5G rollouts, power upgrades, and digital connectivity. Players like Pace are quietly building the backend of this new economy, and investors are taking note.
