New Delhi, Sep 26 (PTI) The initial public offer of telecom infrastructure solutions provider Pace Digitek Ltd got subscribed 16 per cent on the first day of share sale on Friday.

The IPO received bids for 44,66,240 shares against 2,76,06,555 shares on offer, as per NSE data.

The quota for Retail Individual Investors (RIIs) received 18 per cent subscription, while the portion for Qualified Institutional Buyers (QIBs) got subscribed 17 per cent. Non-Institutional Investors category received 9 per cent subscription.

Pace Digitek Ltd on Thursday said it has mobilised over Rs 245 crore from anchor investors.

The issue, with a price band of Rs 208 to Rs 219 per share, will conclude on September 30.

The Bengaluru-based company’s IPO is a completely fresh issue of shares worth Rs 819.15 cror

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