How to Check Allotment Status
Pace Digitek has appointed MUFG Intime India as the registrar to the issue. Investors can check their allotment status using the following methods:
- Registrar’s Website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
- Select Pace Digitek IPO from the dropdown menu.
- Enter your PAN, application number, or DP/Client ID.
- Stock Exchange Website (BSE)
- [Instructions for checking via BSE can be added here if available]
Go to the BSE IPO allotment page (https://www.bseindia.com/investors/appli_check.aspx)
Select Equity and choose Pace Digitek from the dropdown.
Enter your application number and PAN details.
Investors allotted shares will see them credited to their demat accounts by October 3. Refunds for those not allotted will also be initiated on the same date.
IPO Details
Pace Digitek, a Bengaluru-based solutions provider in telecom infrastructure, energy storage, and ICT projects, launched an Rs 819 crore IPO. The issue was entirely a fresh issue of shares, priced in the band of Rs 208–219 per share.
The IPO was subscribed 1.68 times overall. The retail portion was booked 1.09 times, qualified institutional buyers (QIBs) subscribed 1.69 times, and non-institutional investors (NIIs) bid 3.06 times.
GMP Trends and Listing Outlook
Pace Digitek IPO is commanding a grey market premium (GMP) of just Rs 1, indicating a very muted listing. The stock is expected to debut around its issue price of Rs 219 if this trend continues.
The company plans to use the proceeds mainly for capital expenditure and general corporate purposes. With strong positions in telecom tower infrastructure and growing interests in solar energy and ICT solutions, analysts see medium-term potential, though valuations are considered on the higher side.
Pace Digitek shares are slated to debut on October 6.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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