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Persistent Systems Limited IPO (Persistent Systems IPO) Detail

Mar 17, 2010 - Mar 19, 2010        
  
   

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.

Company's main focus is in the area of telecommunications, life sciences and infrastructure and systems.

Persistent Systems won the 2008 NASSCOM Innovation Award and recognized as one of the leading technology companies in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009.

Company has nine development centers in Europe, America and Asia. In India, company operates from Pune. Company has workforce of more than 3500 software professionals.

Company Promoters:

The Promoters of Persistent Systems Ltd are:
1. Dr. Anand Deshpande
2. Mr S.P. Deshpande

Company Financials:

ParticularsFor the year/period ended (Rs. in million)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income6,006.844,504.663,177.152,188.191,488.48
Profit After Tax (PAT)667.64833.84572.41368.14340.68

Objects of the 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.

Issue Detail:

  »»  Issue Open: Mar 17, 2010 - Mar 19, 2010
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 5,419,706 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 168.01 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 290 - Rs. 310 Per Equity Share
  »»  Market Lot: 20 Shares
  »»  Minimum Order Quantity: 20 Shares
  »»  Listing At: BSE, NSE

Persistent Systems Ltd IPO Grading / Rating

CRISIL has assigned an IPO Grade 4 to Persistent Systems Ltd IPO. This means as per CRISIL, company has above average fundamentals. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Persistent Systems Ltd.

Check IPO Ratings from other stock analysts.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved 2,926,638  487,773  1,463,319  541,976  5,419,706 
 Day 1 - Mar 17, 2010 17:00 IST 0.0000 0.0511 0.3289 0.0000 0.0900 
 Day 2 - Mar 18, 2010 17:00 IST 9.7292 0.3331 1.3617 0.2107 5.6700 
 Day 3 - Mar 19, 2010 18:30 IST 144.4276 107.7328 21.6889 0.6096 93.6000 

Persistent Systems IPO News Alerts

  1. Thursday, April 1, 2010 10:19:01 PM
    IPO Listing - Persistent Systems Limited
  2. Tuesday, March 30, 2010 12:20:25 PM
    IPO Allotment - Persistent Systems Limited
  3. Friday, March 12, 2010 8:58:57 AM
    Upcoming IPO - Persistent Systems Limited

Persistent Systems IPO Rating

   Rating: 4.1
601
4.1
Rating:Rated 4.1 stars

Vote Here ...

   IPO Reviews  |  IPO Gradings

Persistent Systems IPO Listing Date

Listing Date:Tuesday, April 6, 2010
BSE Scrip Code:533179
NSE Symbol:PERSISTENT
Listing In:'B' Group of Securities
Sector:IT Consulting & Software
ISIN:INE262H01013
Issue Price:Rs. 310.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 310.00
Open:Rs. 400.00
Low:Rs. 386.00
High:Rs. 448.00
Last Trade:Rs. 408.00
Volume:9,230,459
NSE
Rs. 310.00
Rs. 361.60
Rs. 361.60
Rs. 447.30
Rs. 406.35
14,945,321

Persistent Systems IPO Prospectus

Company Contact Information

Registered Office :
    Bhageerath,
    402 Senapati Bapat Road,
    Pune 411 016, Maharashtra, India
Phone: +91 20 3024 2000
Fax: +91 20 2565 7888
Email: investors@persistent.co.in
Website: http://www.persistentsys.com/

Persistent Systems IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: psl.ipo@linkintime.com
Website: http://www.linkintime.co.in

Persistent Systems IPO Lead Manager(s)


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Persistent Systems IPO Messages (Persistent Systems IPO Comments)

  Post New Message ...  

955. toshniwal  Jul 3, 2010 12:18:37 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
toshniwal's - IPO Comments,  Public Profile

Dear Shreedhar Bhai,

I am holding 20 shares of Persistant Systems Ltd and roughly 2700 shares of NHPC. These were allotted to me.
Plz advise me what should i do?????

With regards

 

954. investor  Jun 16, 2010 6:34:27 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
investor's - IPO Comments,  Public Profile

bay this price target 450

 

953. seolace  May 6, 2010 10:12:49 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
seolace's - IPO Comments,  Public Profile

Nice post, thanks for writing!

 

952. CHANDRA SINGH  Apr 30, 2010 12:35:39 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
CHANDRA SINGH's - IPO Comments,  Public Profile

Bought arround 100 shares at average price of 392. Let see what happens. Atleast hold till receive divident. Then will see what to do.

 

951. rkvsp  Apr 27, 2010 5:01:00 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rkvsp's - IPO Comments,  Public Profile

hi all

i am not yet receive my refund money for 6 lots.. any body receive refund money from intime

regards
ramakrishna

 

950. UR  Apr 26, 2010 10:53:35 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
UR's - IPO Comments,  Public Profile

What is the time period of 'short to medium term'

 

949. avishan  Apr 25, 2010 10:12:49 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
avishan's - IPO Comments,  Public Profile

an EPS of Rs 10 in the last quarter, projected price for the short-medium term 500-600

 

948. sadiq  Apr 25, 2010 4:23:31 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sadiq's - IPO Comments,  Public Profile

Thanks UR, I hope my recommendation benefits both of us. I am also holding Persistent in my portfolio. I suggest to sleep over this stock for next 2 months and do not pay attention to any news positive or negative.

 

947. RInvestor  Apr 25, 2010 11:41:29 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RInvestor's - IPO Comments,  Public Profile

A dividend of 2.50/share is not bad..it comes to 25%.Further the company has come up with excellent set of numbers...I expect the stock to rally to 450-500 in a month. Further it will continue to post excellent numbers for the next two quarters...

 

946. jai   Apr 24, 2010 8:30:46 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
jai 's - IPO Comments,  Public Profile


Since listing persistent is around 400 and no major movement is seen in the stock and going down slowly slowly day by day.
Just company decleared dividend about Rs.2.5 per share, I think it will come down slowly slowly, what we think a upside movemenw will come. Persistent trading activity shown it will down to 310-325 in month time.

It is better to come out from persistent and switch over to Banking stock like ICICI bank, State bank of Bikaner and Jaipur, HDFC, SBI.




 

945. UR  Apr 24, 2010 3:54:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
UR's - IPO Comments,  Public Profile

Dear Sadiq,

Based on your recommendation I am holding this stock for short term(2months),let us see what happen.

 

944. pul  Apr 24, 2010 12:53:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
pul's - IPO Comments,  Public Profile

Rs.2.50 dividend per share

 

943. RInvestor  Apr 23, 2010 6:13:29 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RInvestor's - IPO Comments,  Public Profile

April 23 2010: Persistent Systems Q410 Revenue Grows 15.2% Y-o-Y; Fiscal 2010 Profits Increased by 70.2%

 

942. sadiq  Apr 22, 2010 2:09:29 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sadiq's - IPO Comments,  Public Profile

Dear UR, my expectation is that within 2 months it will reach 450+. These expectations are based on the following factors
1. The company has above average fundamentals
2. Compared to other stocks in the IT sector Persistent is under valued
3. We did see it cross 420+ on listing day
4. it has strong support levels at 390 which is 80 rs more than than upper ipo price band of 310 (i.e. 25% more). Having this kind of response at a time when all other listed ipos have gone below issue price confirms the strong fundamentals of the company.
5. SBI Mutual Fund has bought more than 5.47 lakh shares of persistent at 423+ rs.

 

941. UR  Apr 22, 2010 10:35:13 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
UR's - IPO Comments,  Public Profile

Dear Sadiq,

what is your expected time to reach this stock to 450+ and what are the factors

 

940. sadiq  Apr 21, 2010 5:21:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sadiq's - IPO Comments,  Public Profile

dear UR, i am not saying that there will not be further down than 410. all i am saying is that you can sell this at 450+ levels if you wait.

 

939. UR  Apr 21, 2010 4:48:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
UR's - IPO Comments,  Public Profile

Dear Sadiq,

You mean persistent share is safe at the price of Rs.410 and there will not be further down in this share price

 

938. sadiq  Apr 21, 2010 2:11:43 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sadiq's - IPO Comments,  Public Profile

Dear UR, why are you so worried about Persistent. Just relax and sleep over it. Now they will announce dividend on 23rd April 2010 (Friday), so enjoy the dividend and your avg. cost will also reduce after you get the dividend. SO just leave the shares of persistent as it is and enjoy the real cream when the time comes.

 

937. UR  Apr 21, 2010 11:50:17 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
UR's - IPO Comments,  Public Profile

It was told number of big MF companies are taking position in this stock and it will move like ARSS,but it is showing down trend day to day.Is it right price(Rs410)to hold the shares for some time or better to move some other shares.Please give right feedback.

 

936. ds  Apr 19, 2010 1:53:16 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ds's - IPO Comments,  Public Profile

dear friends i have 6324 shares of persistent @405.25 average what should i do right now i am thinking of waiting for next 6 months

thanks

 

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