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Pace Digitek files papers with Sebi to raise Rs 900-crs via IPO
NEW DELHI: (Mar 28) Pace Digitek Ltd, a multi-disciplinary solutions provider specializing in telecom passive infrastructure industry, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO) to raise Rs 900 crore.
The Bengaluru-based company's IPO is completely a fresh issue of shares, according to the draft red herring prospectus (DRHP) filed on Thursday.
The company may consider raising Rs 180 crore through a pre-IPO placement round. If such a placement is completed, the fresh issue size will be reduced.
Source: PTI News
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