11 months ago
Pace Digitek IPO Fully Subscribed, GMP Signals Premium
Pace Digitek, a company in telecom infrastructure, is selling shares to the public.
The IPO was fully subscribed by the end of its third day, with strong interest from non-institutional investors.
The company aims to raise ₹819 crore by selling shares priced between ₹208 and ₹219 each.
Investors need at least ₹14,892 to apply.
The IPO closed on Tuesday, with shares listing on October 3.
On the third day, it was oversubscribed at 1.56 times the total.
Market predictions suggest the stock could start trading at around 8% higher than the top price.
Pace Digitek's IPO was fully subscribed on the third day.
The company seeks to raise ₹819 crore through fresh shares.
The price range for the shares is ₹208-219.
Shares will be allotted on October 1 and listed on October 3.
Grey Market Premium (GMP) indicates an 8% premium.
- Who
- Pace Digitek
- What
- Initial Public Offering (IPO)
- Where
- Bengaluru
- When
- Day 3
- Why
- To raise capital
Key facts
- Company
- Pace Digitek
- Industry
- Telecom Infrastructure Solutions
- IPO Size
- ₹819 crore
- Price Band
- ₹208-219 per share
- Day 3 Subscription
- 1.56 times overall
- GMP
- ₹18
- Closing Date
- Tuesday
- Listing Date
- October 3
Timeline
Indian startups thrived, fueled by major investments.
Consequently, they secured funding for expansion.
Fabtech Technologies prepped for an IPO, boosted by funding.
Then, Fabtech announced its IPO.
Investors eagerly oversubscribed; it became a success.
Sources
Pace Digitek IPO Day 3 LIVE: Issue booked 55% so far. Check GMP, review, subscription status, more.Should you subscribe?
Fabtech Technologies IPO Subscribed 70% on Day 1
Fabtech Technologies IPO Day 2: subscribed 78% so far, retail investors drive demand
