Persistent Systems Limited IPO Message Board (Page 47)

Persistent has been graded with above average fundamentals. It is definitely worth applying for this IPO. This will also give good long term benefits like Jubilant Foodworks.

@no.18 Gaurav
dear gaurav if i am correct Mindtree was back in Feb2007. Now it is 2010. One after the other Ipos are diong well.Of late computers and It sector ben doing well more importantly it has only started lloking up well.
i agree with sreedhar's and others analysis.

prince

you have to decide your self for which IPO you want to apply

if you are

high networth risk investor: go for pradeep and NMCD with all gun blessing

low networth risk investor: go for ITNL and PRESISTENT.

do not worry about litigation on ITNL. it is very much fundamental sound co.(we all know that there was so many litigation on ARSS. inclusive 1 criminal case on its promoter. but we all know what a listing gain it has given to us)

HI SREEDHERBHAI & GEM IPO FINDER & MISS NEHAAAAAAAAAAAAAAA

PERSISTENT SYST KAISA LAG RAHA HAI ?
APPLY KARNA CHAHIYE?

PRADEEP ,IL&FS ,OR PERSISTANT ME SE KOIBHI 2 IPO ME APPLY KARNA HOTO KOUNSE 2 IPO ME LISTING GAIN KE LIYE APPLY KARNA CHAHIYE?
OR PRIMIUM KYA CHAL RAHA HAI 3 IPO KE?

PLEASE TELL ME SIR,,,,,,,,,,,,,,,

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

anybody help me to apply in IPO through ASBA.
I have sb a/c in pnb and demat with karvy

NO GMP

Not traded in grey as yet.

a RELIABLE PERSON HAVE GOOD KNOWLEDGE MANY MANY THANKS,PLEASE TELL US GMP

yeh enam ka hai,to manipulation to hoga hi,jam kar lagao paisa,

Key pages to read in the DRHP (dated 30/12/2009) are :

Page Nos. 7-9
Page Nos. 12-13
Page Nos. 26 &28
Page Nos. 69
Page Nos. 116 - 118
Page Nos. 121 - 124
Page Nos. 147 - 149
Page Nos. 268

Issue price 310/-
30% upside is a fair expectation

Rationale:
EPS for March'10 is around Rs.25/-
therefore at PE of 16X
Listing should be around 400/-

More appropriate analysis upon perusal of the RHP and after management meet

Please provide link for RHP

What is the GMP of Persistent?

Dear YAMBARODA,All the best for NMDC.LIC bailed out NMDC unlike REC where LIC were not alloted any shares as they bid at lower price & demand was quite good.Its touch & go in NMDC now.Fastest finger first.The fact that out of 165250000 shares reserved for FIIs only bid for 8340420 shares is disturbing to say the least Ie only 0.05 percent.LIC & SBI have exhausted their money.There is high probability opening price will be high price for NMDC for a while so try to get out as early as possible.Pradeep overseas you will definitely get gains only doubt is subscription figure.Hope it will be less than 15 times so that if you apply you will get some allotment.

What is the EPS for Persistent?

Asfar as my intution, Persistent 1st day closing will be in the range of 275-290

Friends, Don't forget Mindtree. I think it was having 4 star rating and created such exitement but koi asman nahi tut pada tha. To why so much excitement in PSL. Why one should not go for TCS or Tech Mahindra Ltd or Infosys who are already the king of IT.

Wow That sounds Great....

Persistent Systems IPO rated 4/5 by CRISIL
MUMBAI: CRISIL has assigned IPO Grade '4/5' to the initial public offer of Persistent Systems Ltd, which indicates that the fundamentals of the

issue are above average, in relation to other listed equities in India.

The grading reflects the company’s presence across the value chain of product development--product conceptualization, design, development, testing and support--its diversified client base, growing cash accruals coupled with the management’s proven execution capabilities. Apart from catering to leading independent software vendors (ISVs), Persistent offers end-to-end solutions to smaller software product companies.

The company is focusing on augmenting its business through emerging technologies and new initiatives such as Cloud Computing/SaaS, Analytics, Enterprise Mobility and Enterprise Collaboration Services. Moreover, its R&D efforts have enabled Persistent Systems to further strengthen its domain capabilities, thereby executing projects across all stages of product development. The company also has a strong financial position given its zero gearing and generation of robust cash.

The grading also factors in the sound technical background of promoters and the experienced second line of management. Corporate governance in the company is strong given the presence of eminent independent directors on its board over the last few years coupled with the adoption of high disclosure standards.

Persistent is promoted by first generation entrepreneurs Dr Anand Deshpande and Mr S. P. Deshpande. The company has around 297 customers, of whom the top 10 customers account for around 37 per cent of its revenues. As of November 30, 2009, the company had around 4,400 people on its employment rolls.

However, CRISIL’s grading is tempered by the company’s dependence on outsourced projects from developed markets, vulnerability of its revenues to currency fluctuations and wage inflation. The possible withdrawal of tax concessions post March 31, 2011 could adversely impact post tax profitability.

The company's offshore development centres are located in Pune, Nagpur, Goa and Hyderabad. The company owns most of its development centres. Persistent plans to use a part of its IPO proceeds to fund the construction of two new development centres--one in Hinjewadi, Pune and other in Nagpur, with a capacity to seat 3,000 and 1,200 employees, respectively at an estimated cost of Rs 1,749 million. Around one-fifth of the IPO proceeds are estimated to be used for procuring hardware.

Persistent is another of those Issues which will get oversubcribed 19 to 20 times in Retail, just look at the size of the Issue, 168 crores, very difficult to get allotment even after putting a lakh as application money

No Mr. Shah..
You might have read that they have partners like hp, intel etc. & still they are not planning to exist though the company is going to public. Also please make a note that PSL was the world's 9th fastest growling IT company last year.

So we can easily predict the growth appetite for the company.

Your views are welcome!!

For Persistent, it is too early to give any gut feeling, who is lead banker / anchor investor of the issue ?? but definitely price is too high, these guys are charging very high, one have to be very cautious and try to hedge risk