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Pace Digitek’s Rs 819-Crore IPO Opens for Bidding at Rs 208–219

Proceeds target a battery energy storage project for MSEDCL to accelerate the company's energy storage push.

Overview

  • Subscriptions run September 26–30, with allotment expected October 1 and trading slated for October 3 on the NSE and BSE.
  • The offer is a fully fresh issue with no promoter sale, and the minimum retail application is 68 shares (about Rs 14,892).
  • Pace Digitek raised Rs 245 crore from anchor investors on September 25, including Societe Generale, Bandhan Mutual Fund, Samsung India and SBI General Insurance.
  • Grey‑market quotes reported at roughly Rs 27–32 suggest a low‑teens notional premium, though these signals are unofficial and can fluctuate.
  • About Rs 630 crore is earmarked for BESS tied to an MSEDCL project, while disclosed fundamentals include FY25 profit of Rs 279 crore on roughly Rs 2,440 crore revenue and a Rs 7,633 crore order book largely from public sector work.