Pace Digitek IPO opens for subscription today: Check GMP, price band and other details

The initial share sale of telecom infrastructure solutions provider Pace Digitek Ltd. will be open for public bidding from September 26 to September 30. The Bengaluru-based company aims to raise ₹819.15 crore via this issue.

Ahead of the issue opening, the company mobilised over ₹245 crore from anchor investors, including Bandhan Mutual Fund and Taurus MF, SBI General Insurance Company, Societe Generale, Saint Capital Fund, Aarth AIF Growth Fund and Nexus Global Opportunities Fund.

The issue has a price band of ₹208 to ₹219 per share. Investors can bid for a minimum of 68 shares and in multiples thereof.

The Bengaluru-based company's IPO is a completely fresh issue of shares worth ₹819.15 crore.

In terms of issue allocation, 50% of the IPO is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.

Proceeds from the public issue, amounting to ₹630 crore, will be used to fund capital expenditure requirements, and a portion will be allocated towards general corporate purposes.

Incorporated in 2007, Pace Digitek is a multi-disciplinary solutions provider specialising in the telecom passive infrastructure industry, including telecom tower infrastructure and optical fibre cables.

The company's revenue from operations was ₹2,439 crore during FY25 as compared to ₹2,434 crore in FY24. Its net profit stood at ₹279 crore against ₹

230 crore a year ago.

Unistone Capital is the sole book-running lead manager of the issue, and MUFG Intime India is the registrar.

The allotment for the Pace Digitek IPO is expected to be finalised on October 1, and the company will be listed on BSE and NSE with a tentative listing date fixed as October 6.