Pace Digitek IPO price band has been fixed in the range of ₹208 to ₹219 per equity share of the face value of ₹2. The Pace Digitek IPO date of subscription is scheduled for Friday, September 26, and will close on Tuesday, September 30. The allocation to anchor investors for the Pace Digitek IPO is scheduled to take place on Thursday, September 25.
Pace Digitek IPO consists entirely of new shares valued at ₹819.15 crore without any offer-for-sale element.
The company intends to allocate ₹630 crore of the funds raised from the fresh issue towards establishing battery energy storage systems (BESS) for a project awarded by the Maharashtra State Electricity Distribution Company (MSEDCL) via its subsidiary, Pace Renewable Energies.
-SOURCE MINT
