Pace Digitek IPO Opens: Weak Day 1 Subscription, GMP Signals 14% Gains Ahead; Should You Apply/Avoid?

Pace Digitek IPO opened for subscription on September 26, 2025, and will remain open till September 30. The company aims to raise Rs. 819.15 crore through this book-built issue, which is entirely a fresh issue of 3.74 crore equity shares.

Pace Digitek IPO Subscription Status on Day 1

On Day 1 of bidding as of 12:19 PM, the IPO saw a subscription of 0.05 times overall. The Retail category was subscribed 0.09 times. While the Non-Institutional Investors (NII) subscribed 0.04 times, investments from QIBs are yet to come. The low initial subscription indicates that major participation may come in the last two days, as is often seen in IPOs.

Pace Digitek IPO Price Band and Details

The Pace Digitek IPO price band is set between Rs. 208 and Rs. 219 per share. With the issue size pegged at Rs. 819.15 crore, the IPO is expected to be one of the big offerings in September 2025. The IPO will be listed on both BSE and NSE on October 6 post the allotments of shares, which is expected on October 1st.

Pace Digitek IPO GMP Today

In the grey market, the Pace Digitek IPO is trading today at Rs. 32, as of 11:34 AM.Based on the upper price band of Rs. 219 per share, the estimated listing price is Rs. 251, indicating a potential listing gain of 14.61%.

Market Outlook, Should You Apply?

While the subscription on Day 1 has been flat, the Pace Digitek IPO GMP trend hints at positive sentiment with expected listing gains.

Reliance Securities in its Note assigned an Apply Rating to the IPO, stating, "The Pace Digitek IPO offers a strong growth story, driven by telecom infrastructure, fibre broadband, and energy storage sectors. With a robust order book, diversified operations, and IPO proceeds aimed at expansion, the company has good revenue visibility and long-term growth potential. While risks like capital intensity and regulatory dependence exist, its technological capabilities and execution track record make it an attractive investment in India's digital and renewable infrastructure space."

About Pace Digitek Limited

Pace Digitek Limited is a Bengaluru-based, multi-disciplinary infrastructure solutions provider specialising in telecom passive infrastructure, including telecom tower erection, optical fibre cable laying, and operations & maintenance (O&M) services. Originally incorporated in 2007, the company began as a manufacturer of passive electrical equipment but has since expanded into key growth verticals: telecommunications, renewable energy, and ICT (information, communication & technology) solutions.

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