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.

Persistent Systems IPO Details

IPO Date Mar 17, 2010 to Mar 19, 2010
Listing Date Apr 6, 2010
Face Value ₹10 per share
Price ₹290 to ₹310 per share
Lot Size 20 Shares
Total Issue Size5,419,706 shares
(aggregating up to ₹168.01 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Persistent Systems IPO Reservation

QIB Shares Offered2,926,638 (54.00%)
NII (HNI) Shares Offered487,773 (9.00%)
Retail Shares Offered1,463,319 (27.00%)
Total Shares Offered5,419,706

Persistent Systems IPO Lot Size

The Persistent Systems IPO lot size is 20 shares.

Application Lots Shares Amount
Retail (Min) 1 20 ₹6,200
Retail (Max) 32 640 ₹198,400
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Company Financials

ParticularsFor the year/period ended (Rs. in million)
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.

Persistent Systems IPO Subscription Status (Bidding Detail)

The Persistent Systems IPO is subscribed 93.60 times on Mar 19, 2010 6:30:00 PM. The public issue subscribed 21.69 times in the retail category, 144.43 times in the QIB category, and 107.73 times in the NII category. Check Day by Day Subscription Details (Live Status)

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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.

Persistent Systems IPO Prospectus

Persistent Systems IPO Rating

Rating:Rated 4.1 stars
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Persistent Systems IPO Listing Details

Listing Date Apr 6, 2010
BSE Script Code 533179
ISIN INE262H01013
Final Issue Price ₹310 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Persistent Systems Limited
402 Senapati Bapat Road,
Pune 411 016, Maharashtra, India
Phone: +91 20 3024 2000
Email: investors@persistent.co.in
Website: http://www.persistentsys.com/

Persistent Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: psl.ipo@linkintime.com
Website: https://linkintime.co.in/

Persistent Systems IPO Analysis

Persistent Systems IPO Recommendation Summary

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Persistent Systems IPO FAQs

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 Mar 17, 2010, and closes on Mar 19, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Persistent Systems IPO opens on Mar 17, 2010 and closes on Mar 19, 2010.

Persistent Systems IPO lot size is 20 Shares and the minimum order quantity is .

You can apply in Persistent Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Persistent Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Persistent Systems IPO allotment status.

The Persistent Systems IPO listing date is on Apr 6, 2010.
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Persistent Systems IPO Message Board

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953. toshniwal |   Link |Jul 2, 2010 11:18:37 PM
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
952. investor |   Link |Jun 16, 2010 5:34:27 PM
bay this price target 450
951. seolace |   Link |May 6, 2010 9:12:49 PM
Nice post, thanks for writing!
950. CHANDRA SINGH |   Link |Apr 29, 2010 11:35:39 PM
Bought arround 100 shares at average price of 392. Let see what happens. Atleast hold till receive divident. Then will see what to do.
949. rkvsp |   Link |Apr 27, 2010 4:01:00 PM
hi all

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

948. UR |   Link |Apr 26, 2010 9:53:35 AM
What is the time period of 'short to medium term'
947. avishan |   Link |Apr 25, 2010 9:12:49 PM
an EPS of Rs 10 in the last quarter, projected price for the short-medium term 500-600
946. sadiq |   Link |Apr 25, 2010 3:23:31 PM
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.
945. RInvestor |   Link |Apr 25, 2010 10:41:29 AM
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...
944. jai |   Link |Apr 24, 2010 7:30:46 PM

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.

943. UR |   Link |Apr 24, 2010 2:54:51 PM
Dear Sadiq,

Based on your recommendation I am holding this stock for short term(2months),let us see what happen.
942. pul |   Link |Apr 24, 2010 11:53:42 AM
Rs.2.50 dividend per share
941. RInvestor |   Link |Apr 23, 2010 5:13:29 PM
April 23 2010: Persistent Systems Q410 Revenue Grows 15.2% Y-o-Y; Fiscal 2010 Profits Increased by 70.2%

940. sadiq |   Link |Apr 22, 2010 1:09:29 PM
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.
939. UR |   Link |Apr 22, 2010 9:35:13 AM
Dear Sadiq,

what is your expected time to reach this stock to 450+ and what are the factors
938. sadiq |   Link |Apr 21, 2010 4:21:51 PM
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.
937. UR |   Link |Apr 21, 2010 3:48:20 PM
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
936. sadiq |   Link |Apr 21, 2010 1:11:43 PM
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.
935. UR |   Link |Apr 21, 2010 10:50:17 AM
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.
934. ds |   Link |Apr 19, 2010 12:53:16 PM
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