Pace Digitek plans to raise ₹819 crore through an IPO to fund battery energy storage systems, diluting promoter stake to 69.5%. The company has shown improved financials with a strong order book, but faces revenue concentration in the telecom sector. While aiming for renewable energy expansion, margin volatility in that segment warrants investor caution until post-listing financial stability is demonstrated.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets