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Pace Digitek IPO Day 2: Check Subscription Status & Key Highlights

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.

Pace Digitek IPO Day 2 Subscription Status

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 – IPO Details

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.

Utilisation of Proceeds

  • 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

Pace Digitek IPO Anchor Investor Allocation

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

Conclusion

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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