Pace Digitek’s IPO was fully subscribed on the third day, driven largely by robust interest from non-institutional investors. The Bengaluru-based company aims to raise ₹819 crore solely through fresh shares, without any offer for sale from existing shareholders. The IPO will close on Tuesday, with share allotments scheduled for October 1 and listings on the NSE and BSE on October 3. Each share is priced between ₹208 and ₹219, with a minimum lot size of 68 shares required for retail investors, translating to a minimum application amount of ₹14,892. On September 25, Pace Digitek secured ₹245 crore from anchor investors, including notable names like Societe Generale, Bandhan Mutual Fund, and SBI General Insurance. Unistone Capital Ltd.
is the lead manager and MUFG Intime India Ltd. serves as the registrar. As of Day 3 (until 3:36 p.m.), the subscription rates were: Qualified Institutional Buyers (QIB): 1.58 times, Non-Institutional Investors (NII): 2.78 times, Retail Investors: 0.99 times, and an overall subscription of 1.56 times. Pace Digitek specializes in telecom infrastructure solutions and also offers surveillance systems, smart classrooms, and smart kiosks for agricultural projects. Its subsidiary, Lineage, has commenced production of battery energy storage systems (BESS). The Grey Market Premium (GMP) on September 29 was ₹18, indicating a potential listing price of ₹237 per share, approximately 8% above the upper limit of the price range.