Pace Digitek IPO Fully Subscribed on Final Day | Stock Market Today

Market Performance

The final day of bidding for Pace Digitek IPO witnessed strong participation across all investor categories. The telecom infrastructure solutions provider’s initial share sale concluded successfully, fully subscribed, signaling robust demand from both retail and institutional investors. This final surge underscores the market’s keen interest in companies operating in the growing telecom infrastructure sector.

Pace Digitek IPO Subscription Details

The Rs 819-crore IPO, priced between Rs 208-219 per share, achieved full subscription by the end of the offering period. Breaking down investor participation:

• Non-Institutional Investors (NIIs): 2.45 times subscription
• Retail Individual Investors (RIIs): 94% subscription
• Qualified Institutional Buyers (QIBs): 84% subscription

Earlier in the IPO, anchor investors contributed over Rs 245 crore, reflecting strong institutional confidence and setting a positive tone for the subscription process.

About Pace Digitek

Founded in 2007, Pace Digitek has emerged as a key player in India’s telecom passive infrastructure sector. The company provides end-to-end solutions across telecom networks, including:

• Telecom tower infrastructure
• Optical fibre cables
• Integrated support services for telecom operators

With a focus on delivering high-quality, reliable infrastructure, Pace Digitek serves multiple telecom operators, supporting India’s growing digital and connectivity needs.

IPO Allotment and Listing

Investors can anticipate allotment of IPO shares by October 1, with the shares scheduled to debut on the stock exchange on October 6. This marks a crucial milestone for the company as it enters the secondary market, expanding its investor base and visibility.

Summary

Key highlights of the Pace Digitek IPO:

• IPO fully subscribed on the final day of bidding
• Total issue size of Rs 819 crore, with a price band of Rs 208-219 per share
• Strong subscription from NIIs (2.45x), RIIs (94%), and QIBs (84%)
• Company specializes in telecom tower and optical fibre infrastructure
• IPO allotment by October 1; listing scheduled on October 6

This IPO demonstrates the growing investor interest in telecom infrastructure companies and highlights Pace Digitek’s position as a prominent player in the sector. The story of this offering is a reflection of strong market confidence in well-structured, sector-focused IPOs in India.