New Delhi, Sept. 30 -- The initial public offering of telecom infrastructure solutions company Pace Digitek saw a 55% subscription by the second day of bidding on Monday. The portion for non-institutional investors was 78% subscribed, while retail individual investors (RIIs) achieved a 62% subscription rate. The allocation for qualified institutional buyers (QIBs) garnered a 23% subscription.

On Thursday, Pace Digitek Ltd announced that it has secured over Rs.245 crore from anchor investors. The offering, which has a price range of Rs.208-219 per share, will close today, Tuesday, September 30. Established in 2007, Pace Digitek is a versatile solutions provider focused on the telecom passive infrastructure sector, which includes telecom t...