New Delhi, October 6 (Udaipur Kiran): Shares of Pace Digitech, a company providing services to the telecom infrastructure industry, made a strong debut on the stock market today, rewarding its IPO investors with early gains.

The company’s shares, issued at ₹219 per share, were listed at ₹226.85 on the BSE and ₹225 on the NSE. Supported by buying momentum after listing, the stock rose further to trade at ₹229.35 by 12 PM, delivering a 4.73% profit to IPO investors within the first session.

🔹 IPO Subscription and Details

The ₹819.15 crore IPO of Pace Digitech was open for subscription from September 26 to 30 and received a moderate response from investors, being 1.68 times subscribed overall:

Under the public issue, the company offered 3,74,09,047 new equity shares with a face value of ₹2 each. The funds raised will be utilized to meet working capital requirements and for general corporate purposes.

🔹 Strong Financial Performance

As per the company’s prospectus, Pace Digitech has shown consistent financial growth over the past three years:

• FY 2022–23: Net profit of ₹16.53 crore

• FY 2023–24: Net profit of ₹229.87 crore

• FY 2024–25: Net profit of ₹279.10 crore

The company’s revenue also grew at a compound annual growth rate (CAGR) of over 118%, reaching ₹2,462.20 crore in FY 2024–25.

Meanwhile, the debt position fluctuated during the same period:

• FY 2022–23: ₹192.11 crore

• FY 2023–24: ₹493.19 crore

• FY 2024–25: ₹160.70 crore

The reserves and surplus strengthened significantly:

• FY 2022–23: ₹313.31 crore

• FY 2023–24: ₹534.58 crore

• FY 2024–25: ₹1,134.21 crore

The listing performance and robust financials reflect investor confidence in the company’s growth trajectory and operational strength.