Pace Digitek share price: Stock makes tepid debut on NSE, BSE; here's how much investors made per lot

Pace Digitek share price: Shares of telecom infrastructure solutions provider Pace Digitek listed at ₹225 per unit. This shows a premium of 2.74% over the IPO issue price of ₹219 a unit.

On the BSE, it debuted at ₹226.85, up 3.58% from the issue price.

Pace Digitek share price: How much investors made per lot

The Bengaluru-based company's initial public offering was a completely fresh issue of shares worth ₹819.15 crore. It had a price band of ₹208 to ₹219 per share.

Proceeds from the public issue, valued at ₹630 crore, will be allocated for capital expenditure requirements, and a part will be utilised towards general corporate purposes.

The initial share sale attracted 1.59 times subscription, with bids for 4,40,05,316 shares compared to 2,76,06,555 shares on offer, as per data available with the NSE website.

The category for non-institutional investors (NIIs) got subscribed 2.90 times, the Qualified Institutional Buyers (QIBs) part secured 1.60 times subscription, and the portion meant for retail investors garnered 1.03 times subscription.

Prior to the IPO, the company raised ₹245.14 crore from anchor investors, including Bandhan Mutual Fund (MF), Taurus MF, Societe Generale, Saint Capital Fund, SBI General Insurance Company, Aarth AIF Growth Fund and Nexus Global Opportunities Fund.

Incorporated in 2007, Pace Digitek Ltd is a multi-disciplinary solutions provider, holding a specialisation in the telecom passive infrastructure industry, including optical fibre cables and telecom tower infrastructure.

Unistone Capital was the lone book-running lead manager of the issue.