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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 

    New Compare Stock Brokers in India

    Comparison Grid  |  ICICIDirect Vs HDFC Securities  |  Zerodha Vs Ventura  |  Sharekhan Vs Angel Broking

             

    Persistent Systems IPO News Alerts

    1. Thursday, April 01, 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 06, 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)

    Persistent Systems IPO Messages (Persistent Systems IPO Comments)

      Post New Message ...  

    955. toshniwal  Jul 03, 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 06, 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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