Home Finance Pace Digitek iPo Opens Today in ₹ 208-219 Price Band

Pace Digitek iPo Opens Today in ₹ 208-219 Price Band

0
Pace Digitek iPo Opens Today in ₹ 208-219 Price Band

Pace digitek ltd is launching its ₹ 819.50-Crore initial public offering Today in the ₹ 208-219 price band. The IPO of the Telecom Infrastructure Solutions Provider Ends on September 30 and the market lot is 68 shares.

The offer from the Bengaluru-Based company is a complete fresh issue; UP to 50 per cent of the IPO is reserved for qualified institutional boyers, 35 per cent for retail investors, and the remain 15 per cent for non-institutional investors.

As part of iPo, the company on thuresday raised over ₹ 245.14 Crore from Anchor Investors, Who Included Bandhan Mutual Fund (Mf) and Taurus Mf, Sbi General Insurance, Socielie, Sociel Capital Fund, AARTH AIF Growth Fund and Nexus Global Opportunities Fund. The company has allotted 1,11,93,807 equity shares to anchor investors at ₹ 219 apie

Of the IPO proceeds, ₹ 630 Crore will be used to fund Capital Expenditure Requirements, and a PORTION will be allocated towards general corporate purposes.

Incorporated in 2007, Pace Digitek is a Multi-Disciplinary Solutions Provider, Specialising in the Telecom Passive Infrastructure Industry, Including Telecom TLECOM TOWER Infrastructure and Optical Fibels.

The company’s revionue from operations was ₹ 2,439 Crore during FY25, as compared to ₹ 2,434 Crore in FY24. Its net Profit Study at ₹ 279 Crore, Against ₹ 230 Crore a year ago.

Unistone capital is the sole book-running lead manager of the issue.

Published on September 26, 2025

LEAVE A REPLY

Please enter your comment!
Please enter your name here