IPO Watch, March 28 -- Pace Digitek Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO) to raise Rs.900 crore.

Bengaluru-based Pace Digitek is a versatile solutions provider that focuses on the telecom passive infrastructure sector, including telecom tower infrastructure and optical fiber cables.

The company began its journey as a manufacturer of passive electrical equipment and has since broadened its Passive Infra operations to include various products, projects, operations and maintenance, and services and solutions. It delivers all-encompassing turnkey solutions and has established an operational presence acro...