Pace Digitek has been listed at Rs 225, a premium of 2.74%, on the National Stock Exchange, while it has been listed at Rs 226.85 on the BSE, a premium of 3.6% to the issue price. The company had set the bidding price at Rs 219 per equity share.
The Rs 819.15 crore public issue was entirely a fresh issue of 3.74 crore shares. The IPO was launched on September 26 and closed on September 30. The allotment was finalised on October 1.
Pace Digitek IPO: Lot size
A retail applicant had to bid for a minimum of 68 shares in a lot, amounting to Rs 14,892. The lot size investment for a small NII was 14 lots of 952 shares, amounting to Rs 2 lakh, and for a big NII, it was 68 lots of 4,624 shares, totalling Rs 10 lakh.
Pace Digitek IPO: Employee reservation
The issue included a reservation of up to 1 lakh shares for employees offered at a discount of Rs 20 to the issue price.
Pace Digitek IPO: BRLM and registrar
Unistone Capital was the book-running lead manager for the IPO, and MUFG Intime India was the registrar of the issue.
About Pace Digitek
Pace Digitek is a multi-disciplinary solutions provider with a primary focus on the telecom infrastructure industry. Pace Digitek has three business verticals: Telecom, Energy, and ICT (Information, Communication, and Technology).
Under the Telecom, it is in the product manufacturing of passive telecom equipment. It provides O&M services for telecom towers and annual maintenance of OFC and ancillary services.
In Energy, the company make solar energy projects under a Build-Own-Operate (BOO) model. It is also in the solarisation of telecom towers, which includes the supply and installation of solar modules, lithium-ion batteries, and related passive equipment.
Under the Telecom segment, Pace Digitek builds surveillance systems, smart classrooms, and smart kiosks for agricultural applications.