Overview
- Pace Digitek’s Rs 819 crore offering is a fully fresh issue priced at Rs 208–219 per share, open September 26–30 with allotment expected on October 1.
- Bids on day one covered 16% of the offer, with retail at 18%, QIBs at 17% and NIIs at 9%, according to NSE data.
- About Rs 630 crore of the proceeds are earmarked for battery energy storage systems for an MSEDCL-awarded project, with the balance for corporate and capex needs.
- The company raised roughly Rs 245 crore from anchor investors, including Societe Generale, Bandhan Mutual Fund, Samsung India and SBI General Insurance.
- Grey-market quotes in the Rs 27–32 range suggest an unofficial 12–15% premium, while reports differ on the listing date between October 3 and October 6.