Summary of this article
Pace Digitek IPO GMP is ranging between Rs 32 - Rs 33 per share.
Pace Digitek shares can list with 15 per cent premium based on the GMP.
Pace Digitek IPO Details: Pace Digitek IPO (Pace Digitek Ltd) subscription window opened on September 26. The telecom infrastructure solutions provider's public issue is garnering significant investor interest. Here's a look at some key details related to Pace Digitek IPO:
Pace Digitek IPO: GMP
The grey market premium for Pace Digitek shares is ranging between Rs 32 to Rs 33 per share on September 26. Pace Digitek shares can list with gains of over 15 per cent based on the GMP at Rs 252 apiece.
Pace Digitek IPO Subscription On Day 1
Pace Digitek IPO has been booked 4 per cent across categories at the time of writing the story on the first day of bidding. The telecom infrastructure company's issue has received bids for over 1.08 million shares so far, compared to the 27.6 million shares offered for subscription. Pace Digitek has reserved 7.85 million shares for qualified institutional buyers.
Pace Digitek IPO has been booked 6 per cent in the retail investor category as retail investors have applied for 8,80,328 shares compared to the 13.75 million shares offered for subscription.
Non-institutional investors have applied for 1,84,688 shares compared to the 5.89 million shares offered for subscription, leading to the issue being booked 3 per cent.
Employees have booked Pace Digitek IPO, 14 per cent on the first day of subscription by bidding for 15,232 shares compared to the 1,06,382 shares reserved for them.
Pace Digitek IPO: Offer Size and Price Band
Pace Digitek aims to raise Rs 819.15 crore through its public issue which consists of a fresh issuance of 37.4million shares. Pace Digitek IPO price band has been set at Rs 208 to Rs 219 per share.
Pace Digitek IPO: Lot Size and Minimum Investment
Pace Digitek's IPO lot size is 68 shares, leading to a minimum investment of Rs 14,892 per lot in the retail category. The minimum lot size for small non-institutional investors is 14 lots or 952 shares, amounting to Rs 2,08,488, and for big non-institutional investors, it is 68 lots, leading to a minimum investment of Rs 10,12,656.
Pace Digitek IPO: Subscription Window, Listing Date, Allotment Date
Pace Digitek IPO subscription window opened on September 26 and is scheduled to close on September 30. Pace Digitek IPO share allotment status will be announced on October 1. Post the announcement of the share allotment status of the Pace Digitek IPO, unsuccessful bidders will receive refunds on October 3. Pace Digitek's shares will be listed on the NSE and BSE. The tentative listing date for Pace Digitek Ltd shares is October 6.
Pace Digitek: Key Financials
Pace Digitek' total income for the fiscal ended March 31, 2025 stood at Rs 2,462.2 crore increasing by over 0.07 per cent compared to Rs 2,460.27 crore in the preceding fiscal. In FY25 Pace Digitek profit-after-tax stood at Rs 279.1 crore compared to Rs 229.87 crore in the preceding fiscal, indicating an increase of over 21 per cent.
Pace Digitek IPO: Registrar
The book running lead manager for Pace Digitek IPO is Unistone Capital Pvt.Ltd. and the registrar for the issue is MUFG Intime India Pvt Ltd.
Pace Digitek: Promoters
The promoters of Pace Digitek include Maddisetty Venugopal Rao, Padma Venugopal Maddisetty, Rajiv Maddisetty and Lahari Maddisetty. Pace Digitek's promoters will reduce their shareholding from 84.07 per cent prior to the issue to 69.5 per cent post the issue.
Pace Digitek IPO: Objective
Pace Digitek plans to use the funds raised via the public issue for funding its capital expenditure requirement and for funding general corporate purposes.
About Pace Digitek Ltd
Pace Digitek is a multi-disciplinary solutions provider that builds and maintains infrastructure for the telecommunications and energy sectors. The company, founded in 2007, offers a range of products and end-to-end services with a growing focus on renewable energy and battery storage systems.
