Pace Digitek IPO Listing: Shares of Pace Digitek Limited debuted on Dalal Street at a premium over the issue price on Monday, October 6. The stock of the Bengaluru-based company opened for trade at Rs 225 on the NSE and at Rs 226.85 on the BSE, translating to a premium of 2.74 per cent and 3.58 per cent over the issue price, respectively.
Here's what market guru Anil Singhvi suggests to investors:
Earlier on Monday, Zee Business Managing Editor Anil Singhvi had predicted the stock to list in the price range of Rs 235 to Rs 240 against the issue price of Rs 219.
The issue received a weak response and was subscribed to only 1.6 times.
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He advises investors to apply for reasonable listing gains and long-term growth.
The market expert also suggests