What does Pace Automation Limited manufacture?

Pace Automation Limited manufactures industrial ovens and furnaces used in heat treatment, curing, drying, and thermal processing applications across industries such as automotive, aerospace, electronics, and pharmaceuticals.

When was Pace Automation Limited incorporated?

Pace Automation Limited was incorporated in 1989 in Tamil Nadu under CIN L29141TN1989PLC018133, and is headquartered in Chennai.

Is Pace Automation Limited listed on a stock exchange?

No, Pace Automation Limited is currently classified as unlisted. Despite having a public limited company structure, its shares are not actively traded on BSE or NSE.

What industries does Pace Automation serve?

Pace Automation serves automotive manufacturers, aerospace component makers, electronics and PCB manufacturers, pharmaceutical companies, and general engineering industries requiring precision thermal processing equipment.

What is the competitive landscape for Pace Automation?

Pace Automation competes with domestic players and international brands in the industrial oven and furnace segment. Key competitors include Heatcon, Bysakh & Company, and international players like Despatch and Wisconsin Oven.

How do I buy Pace Automation unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Pace Automation?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Pace Automation shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Pace Automation Unlisted Share Price | Buy Pace Automation Pre-IPO Shares — wisefolio

Investment Thesis

Pace Automation Limited is a niche, unlisted capital goods company with a long track record in industrial thermal processing equipment. While the company is small in scale, it operates in a specialised segment with meaningful growth drivers from India's expanding manufacturing sector. The stock's unlisted status and limited information availability constrain investor interest. For patient investors comfortable with illiquidity and small-company risk, the company offers exposure to India's industrial capex cycle at an early stage.

Pros

Niche manufacturer of industrial ovens and furnaces — a specialised capital goods segment with relatively limited domestic competition
Positioned as a technology partner for industrial processes, suggesting custom engineering capabilities beyond commodity product supply
Long operational history since 1989 with over three decades of domain expertise in thermal processing equipment
Industrial ovens and furnaces are essential in automotive, aerospace, electronics, and pharmaceutical manufacturing creating a diversified end-market base
Domestic manufacturing with potential to benefit from India's PLI scheme-driven manufacturing expansion

Cons

Very small company scale limits ability to compete on large turnkey projects against established global players
ISIN not publicly confirmed, making secondary market transactions complex
No confirmed market capitalisation data reflects limited investor interest and information availability
Share price at face value (₹10) suggests no meaningful secondary market activity
Capital goods sector is highly cyclical, and demand for industrial ovens is tightly linked to manufacturing capex cycles

Business Segments

Industrial Ovens

Batch and continuous industrial ovens for curing, drying, annealing, and aging applications across manufacturing industries

Industrial Furnaces

High-temperature industrial furnaces for heat treatment, sintering, and metallurgical processing

Automation & Control Systems

Instrumentation, PLC-based control systems, and automation integration for industrial thermal processes

Revenue Model

Revenue from design, manufacture, and supply of custom-engineered industrial ovens and furnaces (project-based revenue), supplemented by after-sales service, annual maintenance contracts (AMC), and spare parts supply.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

India's PLI schemes across 14 sectors driving greenfield manufacturing investments requiring thermal processing equipment

EV manufacturing growth in Tamil Nadu creating new demand for battery curing and component heat treatment ovens

Electronics manufacturing ecosystem growth (mobile phones, semiconductors) increasing demand for precision drying and curing ovens

Aerospace MRO and manufacturing expansion in India increasing high-temperature furnace demand

Recent Developments

Automotive sector expansion

Pace Automation continued to expand its order book from Tamil Nadu's automotive cluster (OEMs and tier-1 suppliers) driven by new EV and component manufacturing investments in the region.

2024-01

PLI scheme beneficiary orders

Several PLI-scheme beneficiaries in electronics and pharma sectors placed orders for Pace Automation's industrial drying and curing ovens as part of new greenfield plant setups.

2023-07

Comparable Companies

CompanyTypeTickerMkt Cap

Thermax LimitedListedTHERMAX~₹35,000 Cr

Heatcon SensorsListedUnlisted—

Forbes & CompanyListedFORBESGOK~₹500 Cr

Thermax LimitedListed

THERMAX · ~₹35,000 Cr

Frequently Asked Questions

About Pace Automation

Pace Automation Limited is a Chennai-based manufacturer of industrial ovens, furnaces, and thermal processing equipment, incorporated on September 29, 1989. Registered at the Registrar of Companies, Tamil Nadu, with offices at No.2, III Street, Parameswari Nagar, Adyar, Chennai. As per MCA NIC code 2914, Pace Automation specialises in manufacture of ovens, furnaces, and furnace burners. These are critical industrial equipment used in heat treatment, curing, and thermal processing across automotive, aerospace, electronics, and general manufacturing. The company has authorized share capital of Rs.12 crore with paid-up capital of approximately Rs.5.5 crore. Key directors include Raghavan Suguna, Malathi Gopalakrishnan, Venkateswaran Krishnaswamy, and Sriperambadur Gopalakrishnan Chandru. Industrial ovens and furnaces are essential in automotive paint curing, composite curing in aerospace, electronics PCB soldering, and metal heat treatment. Chennai is India's auto manufacturing hub with Hyundai, Ford, BMW, TVS, and Ashok Leyland plants, giving Pace Automation access to a large cluster of potential OEM customers. With over 35 years of operations, Pace Automation has demonstrated sustained presence in the niche capital goods thermal equipment segment.

Key Milestones

1989 — Pace Automation Limited incorporated in Tamil Nadu

1990s — Established manufacturing capabilities for industrial ovens and furnaces; served early automotive clients in Chennai

Common questions about unlisted shares

How do I buy Pace Automation unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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