Pace Digitek Share Listing: Shares of Pace Digitek Limited debuted on Dalal Street at a nearly 4 per cent premium over the issue price on Monday, October 6. The stock of the Bengaluru-based company opened for trade at Rs 225 on the NSE and at Rs 226.85 on the BSE, translating to a premium of 2.74 per cent and 3.58 per cent over the issue price, respectively.
Here’s what market guru Anil Singhvi suggests to investors:
Earlier on Monday, Zee Business Managing Editor Anil Singhvi had predicted the stock to list in the price range of Rs 235 to Rs 240 against the issue price of Rs 219.
The issue received a weak response and was subscribed to only 1.6 times.
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He advises investors to apply for reasonable listing gains and long-term growth.
The market expert also suggests that long-term investors can hold, while short-term investors can keep the stop loss below the issue price.
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Pace Digitek IPO subscription highlights:
The Pace Digitek IPO saw an overall subscription of 1.59 times, translating to 4.40 crore shares bid against the total of 2.76 crore shares on offer.
The subscription includes bids from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors(RIIs) who subscribed 1.60, 2.90 and 1.03 times, respectively.
In terms of shares, QIBs bid for 1.25 crore shares against the 78.57 lakh shares allotted, while NIIs bid for 1.71 crore shares against the 58.92 lakh shares reserved.
The retail investors’ portion subscribed to 1.41 crore shares against the allotted portion of 1.37 crore shares.
Pace Digitek IPO details:
The Pace Digitek IPO is a book-built issue that comprises entirely a fresh issue of 3.47 crore shares worth Rs 819.15 crore. Being an entirely fresh issue of shares, the proceeds will go directly to the company and not to the promoters.
The company plans to utilise the IPO proceeds for funding capital expenditure requirements, along with general corporate purposes.
Price band: Rs 208 to Rs 219 per equity share
Subscription date: September 26 to September 30, 2025
Lot size: 68 shares, with a minimum investment of Rs 14,892
Pace Digitek company profile:
Founded in 2003, Pace Digitek Limited is a provider of integrated infrastructure and energy solutions. It specialises in telecom power management, optic fibre laying, and renewable energy.
Financially, the company recorded a revenue growth of 0.07 per cent from Rs 2,460.27 crore in FY24 to Rs 2,462.20 crore in FY25. The Profit After Tax (PAT) stood at Rs 279.10 crore in FY25, up 21 per cent from Rs 229.87 crore in FY24.
