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Day 2 closed with steady traction led by HNIs and Employees, while Retail and QIBs built positions at a measured pace. Overall bids stood under 1x, which is typical for mid-window sessions when large institutional flows bunch toward Day 3.
If you’re tracking participation curves, watch for QIB acceleration and retail clustering near the UPI cut-off on Day 3. Full issue details, price band, lots, and allotment timelines are here: Pace Digitek IPO.
Momentum is building but remains below full subscription as of the Day 2 close. NIIs led with ~0.81x, supported by sNII outpacing bNII. Retail participation reached ~0.65x, while QIBs were at ~0.24x—often a function of institutional bids clustering late. The employee bucket crossed 1x, aided by the ₹20/share employee discount. Expect sharper moves on Day 3 as anchor-backed signaling and final price discovery cues come through.
Subscription Summary (Sept 29, 2025 – Day 2, 4:54 PM):
Category | Shares Offered | Shares Bid For | Subscription (x) |
QIB (Ex-Anchor) | 74,57,951 | 18,23,828 | 0.24 |
NII | 55,95,527 | 45,22,952 | 0.81 |
– bNII (₹10L+) | 37,30,352 | 25,34,360 | 0.68 |
– sNII (<₹10L) | 18,65,176 | 19,88,592 | 1.07 |
Retail | 1,30,56,231 | 84,84,904 | 0.65 |
Employee | 1,00,503 | 1,14,988 | 1.14 |
Total | 2,62,10,212 | 1,49,46,672 | 0.57 |
Applications received: 1,09,832
Pace Digitek is raising ₹819.15 crore via a 100% fresh issue of 3.74 crore shares; no OFS supply overhang. The price band is ₹208–₹219 with a face value of ₹2, and a lot size of 68 shares (min retail outlay ₹14,892 at the upper band). The issue window runs Sept 26–30, 2025; allotment is tentatively Oct 1, with listing on Oct 6 (BSE/NSE). The company offers an employee discount of ₹20/share, which, along with an anchor allocation completed pre-open, helps frame demand cues ahead of final bids.
Quick bullets:
Issue Type: Book-built, Fresh Capital
Pre/Post Shares: 17.84 cr → 21.58 cr
Registrar: MUFG Intime India Pvt. Ltd.
BRLM: Unistone Capital Pvt. Ltd.
Capital expenditure (capex): ₹6,300 million (≈ ₹630 crore) to expand/upgrade capacity across core verticals (telecom infra equipment, Li-ion systems, solar/energy initiatives).
General corporate purposes: Brand, tech, working efficiencies, and balance sheet flexibility to support growth and order execution.
Click here to check out recently closed IPO
Anchor Details | Figures |
Anchor Bid Date | Sept 25, 2025 |
Shares Allotted | 1,11,93,807 |
Amount Raised | ₹245.14 crore |
Lock-in (50%) | Oct 31, 2025 |
Lock-in (Remaining) | Dec 30, 2025 |
Day 2 paints a cautious-to-constructive picture: NII > Retail > QIB by pace, with employees fully covered. This setup often precedes heavier Day 3 flows as institutions finalise bids and retail confirms UPI mandates.
Focus now shifts to end-window intensity, anchor signaling, and how capex deployment supports margins and returns in batteries, ICT, and solar-linked telecom infra.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Pace Digitek IPO.
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