Pace Digitek IPO & Glottis IPO: Price Band, Dates, Lot Size, GMP, Subscription & How to Apply via IPO Ji
Details of Pace Digitek IPO details and Glottis IPO details, including price band, subscription dates, lot size, issue size, GMP, company background, financials, and most importantly, how to apply IPO online via IPO Ji app or website.
The Indian primary market continues its busy run in September 2025 with two exciting new issues – Pace Digitek IPO and Glottis IPO. Both companies are bringing fresh equity to the market, targeting growth in their respective sectors – telecom & energy (Pace Digitek) and logistics solutions (Glottis).
Pace Digitek IPO Details
IPO Open Date: September 26, 2025 (Friday)
IPO Close Date: September 30, 2025 (Tuesday)
Anchor Investor Allotment: September 25, 2025
Price Band: ₹208 – ₹219 per share
Face Value: ₹2 per share
Lot Size: 68 shares and multiples thereof
Total Issue Size: ₹819.15 crore (entirely fresh issue, no OFS)
Listing Date: October 6, 2025 (Monday)
Listing On: BSE & NSE
Lead Manager: Unistone Capital
Reservation
- QIBs: Not more than 50%
- NIIs: Not less than 15%
- Retail Investors: Not less than 35%
- Employee Reservation: Up to ₹20 crore
Utilization of Funds
- ₹630 crore will be used for battery energy storage systems (BESS) projects for MSEDCL via its subsidiary, Pace Renewable Energies.
- Remaining funds for general corporate purposes.
About Pace Digitek Limited
Incorporated in 2007, Pace Digitek is a multi-disciplinary solutions provider with a strong focus on telecom infrastructure, renewable energy, and ICT services.
Business Verticals
Telecom – Telecom tower erection, OFC networks, O&M services, passive equipment manufacturing.
Energy – Solar energy BOO projects, telecom tower solarization, lithium-ion battery systems, rural electrification.
ICT – Smart classrooms, surveillance systems, smart kiosks for agriculture.
Competitive Strengths
- End-to-end telecom infrastructure solutions.
- Strong order book of ₹7,633.6 crore (as of March 2025).
- Advanced manufacturing facilities in Bengaluru.
- 1,513 permanent employees.
- Experienced management with consistent profitability.
Financials (FY2025)
- Revenue: ₹2,438.8 crore (vs ₹2,434.5 crore in FY2024).
- Profit: ₹279.1 crore (21.4% growth YoY).
- Promoters: Maddisetty Venugopal Rao & family hold 84.06% stake.
- Public shareholding: 9.36%.
Peer Comparison: Competes with HFCL, Exicom Tele-Systems, and Bondada Engineering.
Glottis IPO Details
IPO Open Date: September 29, 2025 (Monday)
IPO Close Date: October 1, 2025 (Wednesday)
Anchor Investor Allotment: September 26, 2025
Price Band: ₹120 – ₹129 per share
Face Value: ₹2 per share
Lot Size: 114 shares and multiples thereof
Total Issue Size: ₹160 crore (Fresh issue + OFS of 1.1 crore shares)
Listing Date: October 7, 2025 (Tuesday)
Listing On: BSE & NSE
Lead Manager: Pantomath Capital Advisors
Registrar: Kfin Technologies Ltd.
Reservation
- QIBs: Not more than 30%
- NIIs: Not less than 30%
- Retail Investors: Not less than 40%
Utilization of Funds
- ₹132.5 crore for acquiring commercial vehicles and containers.
- Balance for corporate purposes.
About Glottis Limited
Incorporated in 2024, Glottis Limited provides multimodal logistics solutions across ocean, air, and road transport.
Business Model
- Ocean freight forwarding (95,000 TEUs handled in FY2024).
- Air freight forwarding.
- Road transportation.
- Ancillary services – Warehousing, 3PL, customs clearance.
Presence
- Offices in 8 Indian cities including Delhi, Mumbai, Kolkata, Bengaluru, Tuticorin, Gandhidham, Coimbatore, and Cochin.
- Corporate HQ: Chennai.
- International presence in Europe, North America, South America, Africa, Middle East, and Asia.
Financial & Operational Highlights
- Strong network of 171 overseas agents, 98 shipping lines, 52 transporters, 22 airlines.
- Owns 17 commercial vehicles.
- Competes with Allcargo Logistics (P/E 17.95) and Transport Corporation of India (P/E 25.60).
Competitive Strengths
- One of the leading freight forwarding companies in renewable energy projects.
- Wide network of intermediaries and logistics partners.
- Proven multimodal transport capabilities.
- Skilled management team.
Key Takeaways: Pace Digitek IPO vs Glottis IPO
How to Apply for Pace Digitek IPO & Glottis IPO via IPO Ji
Applying for IPOs is now simple and hassle-free with the IPO Ji app and website.
Steps to Apply IPO Online with IPO Ji:
- Download IPO Ji App or visit ipoji.com.
- Login/Register with your mobile number & PAN.
- Go to the “Upcoming IPO” section.
- Select Pace Digitek IPO or Glottis IPO.
- Enter lot size, quantity & price.
- Complete payment via UPI mandate.
- Submit and check application status on IPO Ji.
Both Pace Digitek IPO and Glottis IPO bring exciting opportunities for investors. Pace Digitek focuses on telecom and renewable energy growth, backed by a strong order book, while Glottis offers exposure to India’s booming logistics sector.
Investors must evaluate fundamentals, industry outlook, and valuations before applying. For hassle-free applications, apply IPO online via IPO Ji app or website and track allotment status instantly.
Stay tuned to IPO Ji for the latest IPO news, GMP updates, allotment status, and listing gains!
