A book-built issue of Rs 168.01 crore is Persistent Systems’ first public offering. The bidding for Persistent Systems initial public offering (IPO) began on March 17, 2010, and concluded on March 19, 2010. April 6, 2010, saw the shares go live on the BSE and NSE. ₹290 to ₹310 per share is the pricing range for Persistent Systems initial public offering. A lot size of at least 20 shares is required for an application. For retail investors, a minimum investment of ₹6,200 is required.
Persistent Systems Ltd., which was founded in 1990, provides outsourced software product development (OPD) services. Organizations design, develop, and maintain software systems and solutions; they also produce new apps and improve the functioning of already-existing software. The company’s primary areas of interest are systems and infrastructure, life sciences, and telecommunications. Persistent Systems was named one of the top technology businesses in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009 and received the 2008
NASSCOM Innovation Award. The company operates nine development centres in Asia, America, and Europe. The company is based in Pune, India. The company employs about 3,500 software specialists.
Persistent Systems IPO Details
| IPO Date | March 17, 2010 to March 19, 2010 |
| Listing Date | April 6, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹290 to ₹310 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 5,419,706 shares (aggregating up to ₹168.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Persistent Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 32 | 640 | ₹198,400 |
Persistent Systems IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,926,638 (54.00%) | NA |
| NII (HNI) Shares Offered | 487,773 (9.00%) | |
| Retail Shares Offered | 1,463,319 (27.00%) | 73,165 |
| Employee Shares Offered | 541,976 (10.00%) | NA |
| Total Shares Offered | 5,419,706 (100%) |
Persistent Systems Company Financials
| Particulars | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 |
|---|---|---|---|---|---|
| Total Income | 6,006.84 | 4,504.66 | 3,177.15 | 2,188.19 | 1,488.48 |
| Profit After Tax (PAT) | 667.64 | 833.84 | 572.41 | 368.14 | 340.68 |
Objects of the Issue (Persistent Systems IPO Objectives)
The objects of the Issue are to
- Establish our development facilities;
- Capitalise our Subsidiaries for establishing development facilities and meeting fit outs and interior design costs;
- Procure hardware;
- Fund expenditure for general corporate purposes and
- Achieve the benefits of listing on the Stock Exchanges.
Persistent Systems IPO Listing Details
| Listing Date | April 6, 2010 |
| BSE Script Code | 533179 |
| NSE Symbol | PERSISTENT |
| ISIN | INE262H01013 |
| Final Issue Price | ₹310 per share |
Persistent Systems Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹310.00 | ₹310.00 |
| Open | ₹400.00 | ₹361.60 |
| Low | ₹386.00 | ₹361.60 |
| High | ₹448.00 | ₹447.30 |
| Last Trade | ₹408.00 | ₹406.35 |
Persistent Systems Limited Contact Details
Persistent Systems Limited
Bhageerath,
402 Senapati Bapat Road,
Pune 411 016, Maharashtra, India
Phone: +91 20 3024 2000
Email: [email protected]
Website: http://www.persistentsys.com
Persistent Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Persistent Systems IPO FAQs:
Q1. What is Persistent Systems IPO?
Ans. Persistent Systems IPO is a main-board IPO of 5,419,706 equity shares of the face value of ₹10 aggregating up to ₹168.01 Crores. The issue is priced at ₹290 to ₹310 per share. The minimum order quantity is 20 Shares. The IPO opens on March 17, 2010, and closes on March 19, 2010.
Q2. When Persistent Systems IPO will open?
Ans. The Persistent Systems IPO opens on March 17, 2010 and closes on March 19, 2010.
Q3. What is the lot size of Persistent Systems IPO?
Ans. Persistent Systems IPO lot size is 20 Shares, and the minimum amount required is ₹6,200.
Q4. When is Persistent Systems IPO listing date?
Ans. The Persistent Systems IPO listing date is on April 6, 2010.
