Persistent Systems Limited IPO Message Board (Page 40)

Heavy demand for investment in Persistent. Retail subscription may cross 15 times

hi sumeet

i dont know the asba procedure for emplyee, plz chech is there any option available for employee there

but i surely know how to apply in physical form, there is a seprate form for it marked as" employee only" if u dont find it in co's offices plz download it from nse site and deposit if u r an emplyee then dont miss apply u will 100% allotment

@gem ipo finder ,

Hi Gem ,

good to see u back in the forum!! I wanted to know how one can apply in the 'Employee qouta' of an IPO through online demat account or ASBA facility . plz reply ..waiting
other members are also welcome on this.

Dear Friends,

Whats issue size of infrasoft technologies?

Persistent Systems seems good bet, but i m not interested if it will cross >15x in retail. I would opt for stop payment of check in that case.

Regards,
Vishal

Hi
It subscribed 23% so far till 12.05 PM

infrasoft technologies ipo will open on 23rd and close on 26th,we will get dq entertainment refund by then :p

any idea about the dates of infrasoft technologies ipo an intel vc funded firm who already hv the sebi sanction for ipo.it cud be an interesting play coming from internet space.


other promising ipo in time to come will be ashoka buildcon,glenmark generics,talwalkars,technofab n may be pnc infratech depending on valuations.

BJ
I M NOT COMPARING IT WITH INFY, TCS, OTHERWISE IT TARGET SHOULB BE ANYTHING BETWEEN 750-1000 I JUST TOLD THAT THESE BIG CO TRADES AT 5-10 TIMES BOOK, READ CAREFULLY I M NOT EXACTLY COMPARING, ITS NOT COMPAREABLE WITH ANY CO IT HAS NO LISTED PEERS, IT CAN BE ONLY COMPARED WITH MIDCAP IT INDEX IN SOME RESPECT

Sir,
i need to ASBA process for applying in IPO bcoz i m doing online trading through indiabulls demat a/c.

163 Gem IPO Finder,
I dont think we should compare a small player like PSL with Blue Chips(infy,wipro).
http://www.indiabulls.com/securities/research/IPO/IPOForth.aspx?strName=Persistent+Systems+Ltd.

From this link I see, the PE are comparable to various mid-tier IT Companies.
Let us know your thoughts.

Hi gem ipo finder Read my msg no 160 Dost 9 k pe par ya 11 P/E at lowe side 12 @ higer side campare to outhar pears P/E thoda jyda hai but EPS is 24.35 aur prospect ache hai Aur IPO ka khel to Subcription par he hota hai

Hi Persistent System k form nahi aaye abhi tak meine 2 Brokar k waha pucha lekin kisi k waha bhi kal sham tak form nahi aaye they Dekhte hai kya hota hai

HI SACHIN,
PSL A GOOD CO AND A GOOD IPO
IN FY '10 THE CO WILL POST AN EPS OF RS.25 AND IN FY'10 CONSIDERING A GROTH OF 30% EPS FOR FY'11 WILL BE RS.33-35
SO AT RS.310 IT WILL BE TRADING AT 9 TIMES FY'11, I HAVE A FEELING IT WILL SURELY COMMAND 12-13 PE SO PRICE COMES TO AROUND RS.13*35=455 THATS THE TARGET FOR ME I DONT KNOW THE GMP

ITS BV FOR FY'10 WILL BE RS 155 AND FOR FY'11 RS 190
SO AT RS.4550 ITS 2.4 TIMES BOOK BUT OTHERS LARGE CAP STOCK LIKE INFY, TECHM, TCS, ETC TRADES AT PRICE TO BOOK BETWEEN 5-10 TIMES

SO 450 IS THE TARGET FOR ME

hi all a m back, i was debarred from posting massagess due to my few dirty massagess, but i m promising only ipo valn. massagess.

@ash short term gain where STT is paid is calculated separately and tax is paid even if you r outside tax bracket

MARKET CAP 1240 EPS 22.35 PE 13.89 P/BV 2.02 ROE 15%
Considering the P/E valuation, the company is trading at pre issue P/E of 11.63x on the
lower side of the band and 12.43x on the higher side of the band of its TTM EPS of
Rs.24.93.Looking at the post issue valuation,the company is trading at P/E of 12.97 times
on the lower side and 13.87x on the higher side of its post issue TTM EPS of Rs.22.35. At
its P/B ratio it trades at 2.14x and 2.29 multiples of the lower and higher band of its pre issue
book value of Rs.135.29 and 1.89x and 2.02x on the lower and higher side of its post issue
Book value of Rs.153.37 respectively.

is there any effect on allotment of share if i applied ipo on first day or on last day of issue open date.

The issue looks expensive, not much upside left after listing. Persistent IPO is offered at a P/E of 11.54-12.34.

If you consider much larger Mid cap IT companies like Patni/Rolta/Polaris, they are trading at P/E of 12 - 13. So not much is left on the table. The correct P/E for Persistent is around 9 - 10. It should have been priced at around 200, so as to leave something for retail investors like us.

The Investment Bankers and Promoters are very greedy here, where they are making use of the market conditions and offering at higher price.

The issue may get over subscribed, but nothing is left on the table.

sir gme ipo finder, still not getting your comments on presistent, please comment iam waiting for this.

can somebody let me know whether short term gain is added to the annual income & then tax accordingly or do we have to pay short term tax irrespective of our income is below the taxable limit thanks