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Persistent Systems

Description Incorporated in 1990, Persistent Systems Ltd is in the business of outsourced software product development (OPD) services. Company design, develop and maintain software systems and solutions, create new applications and enhance the functionality of existing software products. Companys main foc.... More »

Address Bhageerath, 402, Senapati Bapat Road, Pune, Maharashtra. Pincode : 411 016

Number of Times Issue is Subscribed (BSE + NSE)

As on Date QIB NII RII EMP Total

Issue Terms

Issue price / Floor Price (Rs) 290-310
Application per share (Rs) 290.00
Minimum investment amount (Rs) 5,800.00
Minimum bid (no of shares) 20 shares and in multiples of 20 thereafter
Maximum Shares for Retail 340-320

Issue Date and Size

Issue opens 17-Mar-10
Issue closes 19-Mar-10
Listing on BSE, NSE
Issue size (Rs cr) 157.17-168.01
Mkt cap at issue price (Rs cr) 1,160.00

Lead Managers & Registrar

Lead Manager E-mail
Enam Securities Private Limited persistent.ipo@enam.com
JP Morgan India Private Limited persistent_ipo@jpmorgan.com
Registrar Link Intime India Private Limited
E-mail psl.ipo@linkintime.com

Shares on Offer

Shares on Offer Lakhs
Total shares offered 54.20
Of above, offered to public 48.78
Post-issue shares 400.00
Post-issue promoters' holding(%) 38.83

Company Financials (Rs cr)

Financials Crore
No of months 9
Turnover 435.82
Net profit / (loss) 79.64
Borrowings N.A.

News

Objects of Issue

    • The objects of the Issue are to
    • 1. Establish our development facilities;
    • 2. Capitalise our Subsidiaries for establishing development facilities and meeting fit outs and interior design costs;
    • 3. Procure hardware;
    • 4. Fund expenditure for general corporate purposes and
    • 5. Achieve the benefits of listing on the Stock Exchanges.

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