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Pace Digitek Files Draft Papers with SEBI to Launch ₹900 Crore IPO
Pace Digitek Files Draft Papers with SEBI to Launch ₹900 Crore IPO
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Pace Digitek Files Draft Papers with SEBI to Launch ₹900 Crore IPO

Pace Digitek, a telecom passive infrastructure solutions provider, plans a Rs 900 crore IPO, filing draft papers with Sebi. The IPO will involve a fresh issuance of shares, with proceeds earmarked for capital expenses and corporate purposes. Between 2023 and 2024, the company's revenue surged by 383.81% to Rs 2,434.48 crore, while PAT increased by 1,290.38% to Rs 229.87 crore. Founded in 2007, the company is based in Bengaluru.

Source: Medial

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