Pace Digitek IPO fully subscribed on day 3: Check allotment date and steps

Pace Digitek IPO: The initial public offering of telecom infrastructure solutions provider Pace Digitek was fully subscribed on the final day of bidding on Tuesday, September 30.

It has secured bids for 2,76,45,332 shares against 2,76,06,555 equity shares on offer, according to data available on the NSE website until 1:24 pm.

The part reserved for non-institutional investors (NIIs) was booked 2.14 times, and the retail individual investors' (RIIs) quota received 89% subscription. The qualified institutional buyers (QIBs) category fetched 33% subscription.

The Bengaluru-based company's IPO, with a price band of ₹208 to ₹219 per share, is exclusively a fresh issuance of 3.74 crore shares worth ₹819.15 crore.

Of the fresh issue proceeds, ₹630 crore will be allocated for funding capital expenditure needs and the remainder for general corporate purposes.

Pace Digitek, incorporated in 2007, is a multidisciplinary solutions provider. It specialises in the telecom passive infrastructure industry, including optical fibre cable and telecom tower infrastructure.

Pace Digitek IPO allotment date

The basis of allotment of the Pace Digitek IPO will be finalised on Wednesday, October 1.

How to check Pace Digitek IPO allotment status online on NSE

• Click on this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick 'PACEDIGITK' from the 'Select Symbol' list
• Fill in your Permanent Account Number (PAN) and application number
• Hit the 'Submit' button

Steps to check Pace Digitek IPO allotment status online on BSE

• Open BSE's IPO allotment page: https://bseindia.com/investors/appli_check.aspx
• Choose the 'Equity' option
• Pick 'Pace Digitek Limited' from the issue names
• Add application number or PAN
• Press the 'Search' button

Pace Digitek IPO allotment status online on MUFG Intime India

• Go to the public issues page of MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Pace Digitek Ltd’ from the IPOs drop down list
• Enter any one: Application No, PAN, DP/Client ID or Account No/IFSC
• Click on the ‘Submit’ button

Pace Digitek IPO GMP

According to investorgain.com and media reports, Pace Digitek's unlisted shares are trading at ₹224 per share, reflecting a grey market premium of 2.28% over the upper price band of ₹219.