Pace Digitek IPO Subscribed 1.68x; NII Segment Leads with 3.06x Subscription

New Delhi, September 30, 2025 – Pace Digitek Ltd’s IPO of ₹819 crore ended on a strong note today as it subscribed fully on the bidding closing day. A substantial subscription was evident across all grades of the offer, primarily from institutional and non-institutional investors, while the employee category demonstrated strong interest. Listed in the ₹208–₹219 category, the IPO, which made its debut on September 26, will list on the NSE and BSE on October 6, 2025.

Pace Digitek IPO Final Subscription Status (as of September 30, 5:04 PM)

Pace Digitek’s IPO experienced sustained buying interest, garnering bids for 4.41 crore shares against 2.62 crore shares offered, which translates to a 1.68 times subscription by September 30 (Day 3). The retail segment was subscribed 1.09 times, with investors bidding for 1.42 crore shares out of the 1.31 crore shares reserved. The Qualified Institutional Buyers (QIB) segment saw strong interest, with bids exceeding 1.25 crore shares, representing a proportion of 1.69 times.

The largest category of investors was Non-Institutional Investors (NII), which subscribed 3.06 times, led by high-net-worth individuals (bNII), who subscribed 3.25 times, compared to 2.66 times by the small NII segment (sNII). The employee category was also oversubscribed by 1.83 times as it saw bids for 1.83 lakh shares against 1 lakh shares offered. As a whole, the IPO saw 1,84,979 applications and mobilised bids of around ₹965 crore.

Pace Digitek IPO Anchor Investor Allocation

Ahead of its IPO issuance, Pace Digitek raised ₹245.14 crore on September 25, 2025, through the issue of 1.12 crore shares, quoted at ₹219, to anchor investors. Prominent allottees included 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, and Abundantia Capital VCC – Abundantia Capital III.

Domestic mutual funds received approximately 16% of the anchor allocation, indicating strong institutional buying.

Pace Digitek IPO Lead Manager & Registrar

• Nanyang Book Running Lead Manager: Unistone Capital Pvt Ltd
• Registrar to the Issue: MUFG Intime India Pvt Ltd

About the Company

Pace Digitek Ltd is a telecom passive infrastructure solutions provider operating across India and select overseas markets. Pace Digitek business covers turnkey EPC projects, power management systems, operation & maintenance tasks, and even energy management solutions. It fortified its industry presence with its 2014 acquisition of GE Power Electronics India and its “Lineage Power” business. Pace Digitek is also involved in telecom tower solarisation schemes that use solar modules and lithium-ion cells/batteries, and is assisting India in its move towards renewable energy initiatives.

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