Pace Digitek IPO Subscribed 0.34x on Day 2 as Early Subscription Remains Muted

New Delhi, September 26, 2025 – Pace Digitek Ltd opened its ₹819 crore initial public offering (IPO) on September 26 with a slow start on Day 1, though it secured strong anchor participation a day earlier. The IPO, priced in the ₹208–₹219 band, will close on September 30, 2025, with the shares scheduled to list on October 6, 2025, on the NSE and BSE.

Pace Digitek Ltd offers telecom passive infrastructure solutions across India, as well as internationally. Its services encompass turnkey EPC projects, power management systems, O&M, as well as energy management solutions. The company expanded through the acquisition in 2014 of the GE Power Electronics India business, as well as the “Lineage Power” brand. It also undertakes telecom tower solarisation projects involving solar modules as well as lithium-ion batteries.

Pace Digitek IPO Subscription Status Update (Day 2 – September 29, 12:09 PM)

The Pace Digitek IPO received a subdued response on Day 2, and the subscription so far has reached 0.34 times as of September 29, 2025, 12:09 PM. The retail portion saw a subscription of 0.43 times, indicating moderate demand among retail investors.

Qualified Institutional Buyers other than anchor investors registered no significant participation, the IPO being subscribed only 0.19 times under this category. Subscription by non-institutional buyers stood at 0.33 times, the bids being distributed equally among larger investors (bids above ₹10 lakh) who subscribed 0.23 times, as also smaller investors (bids up to ₹10 lakh) who subscribed 0.54 times.

Anchor investors, though, were completely dedicated, subscribed only once, bidding the full allotment of 1.11 crore shares, valued at ₹245.14 crore. Overall, the IPO has attracted bids for approximately 89.27 lakh shares, amounting to ₹195.51 crore. The modest subscription in the initial days indicates a cautious approach from investors at this stage of the issue.

Pace Digitek IPO Anchor Investor Allocation

On September 25, 2025, the company raised ₹245.14 crore from anchor investors by allotting 1.12 crore shares at ₹219 each.

Key Anchor Allottees

• Bandhan Small Cap Fund
• SBI General Insurance
• Samsung India Small & Mid Cap Focus Trust
• Compact Structure Fund
• Necta Bloom VCC – Necta Bloom One
• Rajasthan Global Securities Pvt Ltd
• Holani Venture Capital Fund-I
• Sunrise Investment Opportunities Fund
• Abundantia Capital VCC – Abundantia Capital III

Domestic mutual funds received 16.32% of the anchor allocation.

Pace Digitek IPO Lead Manager & Registrar

Unistone Capital Pvt Ltd is the Book Running Lead Manager, while MUFG Intime India Pvt Ltd is the Registrar to the Issue.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations