Persistent Systems Limited IPO Message Board (Page 13)

I had applied in employee quota and i got the full allocation. Now can some one tell me when can i sell it. Is there any lockign period of that? Can i see on the date of listing?

STANDARD CHARTERED BANK plans to float 220 million IDRs; looks at listing by June

In what would be the first case of an MNC raising capital from India, UK’s Standard Chartered has announced that it would float Indian Depository Receipts (IDRs) to mop up over $500 million (Rs 2,250 crore) and list the same on bourses by June.

Seeking to float 220 million IDRs, the UK-based banking major moved market regulator SEBI for approval of the scheme, guidelines for which were cleared way back in 2004. The bank had earlier said that the issue size could be between $500 million and $750 million.

“We have a strong presence in India. We are the oldest foreign bank in the country. We have good business and IDR is to give opportunity to Indian investors to participate in the global story,” Standard Chartered PLC's CEO (India and South Asia) Neeraj Swaroop told PTI immediately after filing for the IDR with SEBI.

Standard Chartered began its Indian operations in April 1858 in Calcutta (now Kolkata).

Asked about the pricing of the instrument, he said that at present Standard Chartered PLC was being traded at £17 a share but “we have not decided on the conversion rate.”

While the banking major is looking at mopping up at least $500 million, it has not fixed any upper limit, Mr Swaroop said, adding that he would also want the employees to participate in the issue.

The proceeds would be repatriated to the global entity for normal business activities and there was no shortage of capital adequacy.

“We have not faced any shortage of capital in the past. We will not face (the same in the future). India can get capital if required,” he said.

He, however, said that no decision had been taken for fixing a quota for employees and it would be decided when the issue nears completion and would depend on a host of issues like retail response.

Asserting that India, which contributes to 20% of global profits, would continue to be the focus area, he said that this year the bank would enter a host of specialised corporate equity services to assist IPOs, brokerage and equity solutions to the Indian industry.

He said that the organisation had posted a significant $1-billion profit in 2009 and added that the outlook was good.

Mr Swaroop, however, refrained from giving any numbers for the future but pointed out that profits for the last five years had been growing at an average of 41%, while income was rising at an average of 30%.
“The principal rationale for listing is brand-building and business development in India, the Bank’s second largest market. It accounts for 20.5% of group profits,” the bank said in a statement.

The Bank has over 94 branches in 37 cities in the country. Its retail customer base stands at around 20 lakh.

Investment bankers including Goldman Sachs, UBS, JM, SBI Capital and DSP Merrill Lynch advised Standard Chartered on the said issue.

In November last year, Standard Chartered global CEO Peter Sands said that the proposed IDR issue would enhance the lenders’ commitment to the local market.

The Bank has operations in an array of verticals, including consumer and wholesale banking, private banking and SME banking.

IDRs work like Global Depository Receipts or American Depository Receipts—foreign-listed securities against underlying equity shares of Indian companies—through which Indian companies raise resources overseas.

SEBI guidelines for IDR issues permit only the companies listed in their domestic markets for at least three years and have been profitable for three of the preceding five years.

Persistent System allotment details on intimespectrum.com

Hi,

I have a problem.

In SBI, we can apply for 5 different DPIds under ASBA.
Out of 5, only 2 are allotted and amount debited.
There is no reference to the application number for me to connect which of the 5 have been allotted.

If I go to LINKINTIME website, if I give the SBI application number electronically generated, it does not show status.
It says invalid application number.

Obviously 5 demat accounts are not mine but belong to some good friends.
I have to now ask each one of them if they have been allotted.
Is there a simpler way to check which application has been allotted.

OR

can anyone tell me how to check with registrar's site, ASBA application number electronically generated by SBI

Thank you in advance.Please guide me

Persistent allotment received . I have 20 shares against 320 shares

K Singh allotted 20 each

Company Name: Persistent Systems Limited
Application Details
Sole / 1st Applicant: AJIT KAUR
Cut off Price: 310
Shares applied: 320

Allotment Details
Shares Allotted: 20
Amount Adjusted: 6200

Company Name: Persistent Systems Limited
Application Details
Sole / 1st Applicant: KANWALJIT SINGH
Cut off Price: 310
Shares applied: 320

Allotment Details
Shares Allotted: 20
Amount Adjusted: 6200

please tell me the ststus of the following 24990274 24990277 persistant ipo

Can anyone tell me its firm allotment or not, becoz i got 3 full allotment out of 4.

vicky, 701--- you could have got it yourself,........nil alloted

Thanx dipak.

Kabhi to lage jackpot? was notalloted arss with full applicatiion also

Kindly let me know the allotment status for this application: 82971737

HI
HOW CAN I FIND MY ALLOTMENT BECAUSE I APPLIDE THROUGH ASBA?

Applied full application got 20 shares.

Company Name: Persistent Systems Limited
Application Details
Sole / 1st Applicant: VICKY LEELARAM PARWANI
Cut off Price: 310
Shares applied: 300

Allotment Details
Shares Allotted: NIL
Amount Adjusted: NIL

I got 20*5 shares for 5 application and i will buy 900 more on listing day.
I will keep this share for 50 years and hope to be a billionaire at the age of 72 as Persistent is going to be BAAP of Infosys.
Pls wish me as i will be one of the Billionaire.
Pls no galli.

Persistent is a different breed. And with maximum 20 shares alloted per a/c, its nominal amount thats blocked. My view. let it remain in your a/c's and no need to sell immediately. With dollar slipping & IT stocks getting a beating, it is likely that Persisitent will not have a bumper opening. Rs 70-80 premium would be fair. But this company has the guts to go the extra mile, so not bad to hold in the portfolio for a long term :-)

@ Anjali/Hemant - nazar mat lagao abhi se. And a decent request to all allotees. Please don't post/talk about unnatural listing numbers from today itself. It gives punters and operators an upper hand and they loot us by spreading fear by ids like ipoexpert/gemipo/iporaja/ipoking et al.. if you notice, all these guys are same and they make same spelling mistakes/tyoes in caps on/operate according to own choice, 1 day they will tell sell NMDC and other day they will ask yo buy.

So beware from these crooks and punters, not for God sake, but for your fcuking money sack!!

it will list at 6th or 7th april. list on more than 100 Rs. premium and will go to 460

persistent will list on 6th April. certainly will list above on 400 and will range between 450-480