Shares of telecom infrastructure solutions provider Pace Digitek Ltd closed slightly lower on Monday compared to its issue price of ₹219. The stock debuted on the Bombay Stock Exchange (BSE) at ₹226.85, reflecting a 3.58 percent increase from the issue price. During the trading session, it reached a high of ₹231 and a low of ₹206.90, ultimately settling at ₹217.50, down 0.68 percent.
On the National Stock Exchange (NSE), Pace Digitek’s shares opened at ₹225, which represented a 2.73 percent premium over the issue price. The stock concluded the session at ₹217.99, resulting in a discount of 0.46 percent. The company’s market capitalization stood at ₹4,694.77 crore.
The initial public offering (IPO) for Pace Digitek Ltd saw a subscription rate of 1.59 times by the final day of bidding, which was Tuesday of the previous week. The issue had a price band set between ₹208 and ₹219 per share, amounting to a total fresh issue of shares valued at ₹819.15 crore.
Proceeds from the IPO will be primarily directed toward funding capital expenditure needs, with a portion allocated for general corporate purposes. Established in 2007, Pace Digitek specializes in providing multi-disciplinary solutions in the telecom passive infrastructure sector, including telecom tower infrastructure and optical fiber cables.
Published on October 6, 2025.
