Pace Digitek IPO Fully Subscribed on Day 3; GMP Signals 8% Premium

Pace Digitek IPO Fully Subscribed on Day 3; GMP Signals 8% Premium

Pace Digitek IPO Fully Subscribed on Day 3

The IPO of Pace Digitek was completely subscribed on the third day, mainly because of strong demand from non-institutional investors.

The company, based in Bengaluru, wants to raise ₹819 crore. This money will come only from fresh shares. There is no offer for sale by existing shareholders.

The IPO closes on Tuesday. Shares will be allotted on October 1 and will list on NSE and BSE on October 3.

The price range for each share is ₹208 to ₹219. The minimum lot size for retail investors is 68 shares. This means investors need at least ₹14,892 to apply.

On September 25, Pace Digitek collected ₹245 crore from anchor investors. Big names like Societe Generale, Bandhan Mutual Fund,