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.
The Promoters of Persistent Systems Ltd are:
1. Dr. Anand Deshpande
2. Mr S.P. Deshpande
|Particulars||For the year/period ended (Rs. in million)|
|Profit After Tax (PAT)||667.64||833.84||572.41||368.14||340.68|
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 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
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.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|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|
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