Pace Digitek IPO Day 2: GMP drops to 5%. Check subscription status and other key details
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Pace Digitek, a company offering integrated telecom and energy solutions, has entered the second day of its IPO bidding. On Day 1, the issue was subscribed 16%. In the grey market, the IPO is currently trading at a 5.5% premium over the issue price of Rs 219, a significant drop from the earlier 14% premium. The IPO will remain open for subscription until September 30, covering a total of three days. Allotment is expected on October 1, with shares scheduled to begin trading on October 6. The company seeks to raise Rs 819 crore through a fresh issue of up to 3.94 crore equity shares. Pace Digitek IPO GMP Today In the grey market, Pace Digitek shares are trading at a premium of Rs 12, roughly 5.5% above the upper price band. This implies a possible listing price near Rs 231.GMP Note: The grey market premium is an unofficial and informal gauge of expected listing performance. It is unregulated and should not be the sole basis for investment d...