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Pace Digitek IPO GMP Today: Subscription Status, Grey Market Premium, and Listing Expectations
New IPOs always bring excitement to the stock market, and now all eyes are on the Pace Digitek IPO GMP. This IPO, from telecom infrastructure solutions provider Pace Digitek Ltd, is being seen as a strong opportunity for investors. The IPO’s second-day numbers have made it clear that retail and non-institutional investors are showing solid interest in the issue. But the real question is what benefits will be gained upon listing, and what does the grey market premium indicate? Let’s understand in detail.
Pace Digitek IPO Subscription Status
The Pace Digitek IPO has received a very positive response so far. Subscription for the IPO reached 55% by the second day. According to NSE data, a total of 2.76 crore shares were offered, of which bids for 1.5 crore shares had already been received.
Retail Individual Investors (RIIs) filled 62% of their quota. Non-Institutional Investors (NIIs) responded even stronger, achieving 78% subscription. Subscription from Qualified Institutional Buyers (QIBs) has been a bit slow, with only 23% of the shares booked so far.
Anchor investors have already given this IPO a strong start by investing ₹245 crore. This clearly shows that even large investors have confidence in the company’s growth story.
Pace Digitek IPO GMP Today
Now, if we talk about the Pace Digitek IPO GMP, it is a crucial factor for investors. Shares are trading at a premium of ₹14–18 in the gray market. If we consider the IPO’s upper price band of ₹219, the estimated listing price could be up to ₹237 based on the gray market premium.
This indicates a listing gain of approximately 6–8%, which could be an attractive return for short-term investors. According to gray market data, Pace Digitek’s GMP has been rising steadily over the past 10 sessions. Experts believe that if this trend continues, a strong listing debut is possible.
Company Profile and Growth Story
Pace Digitek began its journey in 2007, and since then, the company has established a strong presence in the telecom passive infrastructure industry. This company primarily provides telecom tower infrastructure and optical fiber cable solutions.
This Bengaluru-based company is famous for its integrated business model, which enables effective cost management and quality control. The organization also boasts of having a solid order backlog, which ensures future revenue stability, an aspect deemed vital for long-term growth.
IPO Size and Fund Utilization
The Pace Digitek IPO GMP is quite large. The IPO is worth ₹819.15 crore, of which ₹630 crore is being raised through a fresh issue. This money will primarily be used to fund capital expenditure requirements. A portion has also been allocated for general corporate purposes.
Unistone Capital is the exclusive book-running lead manager for this IPO, which will ensure the issue is managed efficiently.
Analysts Review: Should You Subscribe?
Market analysts have also given positive feedback on the Pace Digitek IPO. From Choice Equity Broking, if we consider the higher price band of the IPO, the P/E ratio of the company is 16.9x, which is lower than that of its peers. Also, the EV/Sales ratio of 1.6x also appears pretty impressive. These numbers prove that the valuation is reasonable and fair.
Reliance Securities says that this IPO could be a promising investment opportunity. Strong growth is expected in the telecom infrastructure, fiber broadband, and renewable energy sectors, and Pace Digitek has the potential to become a long-term winner due to its diversified business model.
Yes, there exist certain issues, including a capital-intensive business and reliance on regulatory approvals. However, experts believe the company’s technological strength and consistent execution history make it a reliable player. Therefore, analysts’ recommendation is clear: “Subscribing” to this IPO could be a wise decision.
Listing Date and Allotment Status
Important dates for investors have also been clarified. Pace Digitek IPO allotment is expected on October 1st, and shares will be listed on October 6th.
If grey market trends are anything to go by, investors who receive allotment have a high chance of receiving listing gains. However, this could also be a promising bet for long-term investors, as both the company’s sector and operations are future-ready.
Conclusion
Overall, the Pace Digitek IPO GMP is sending a positive signal. The IPO’s subscription numbers, the trust of anchor investors, and the grey market premium all indicate that Pace Digitek could achieve a solid listing. The strong interest from retail and non-institutional investors also confirms this.
If you are planning for short-term listing gains, the grey market premium is an encouraging sign. However, if you are a long-term investor, the company’s diversified business model, strong order book, and growth potential in the telecom infrastructure sector can provide a safe and rewarding journey.
Also Read Trualt Bioenergy IPO Subscription Status
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not US News Weeks. We advise investors to check with certified experts before making any investment decisions.
Source : Moneycontrol - Pace Digitek IPO GMP Today
✍️ Written by Nikhil Singh
Market & IPO Analyst | Business News Writer | Tech-Auto Observer
Nikhil has been tracking Indian IPOs, consumer brands, tech & automobile overview and financial trends since 2019. His writing style blends market insight with a relatable human voice — making complex data simple for everyday investors.
