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Persistent Systems IPO is a book built issue of Rs 168.01 crores.
Persistent Systems IPO bidding started from March 17, 2010 and ended on March 19, 2010. The shares got listed on BSE, NSE on April 6, 2010.
Persistent Systems IPO price band is set at ₹290 to ₹310 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹6,200.
Axis Capital Limited and J.P. Morgan India Private Limited are the book running lead managers of the Persistent Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Persistent Systems IPO RHP for detailed information.
| IPO Date | March 17, 2010 to March 19, 2010 |
| Listing Date | April 6, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹290 to ₹310 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 5,419,706 shares (aggregating up to ₹168.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,861,000 |
| Share holding post issue | 40,000,000 |
Persistent Systems IPO offers 5,419,706 shares. 2,926,638 (54.00%) to QIB, 487,773 (9.00%) to NII, 1,463,319 (27.00%) to RII, 541,976 (10.00%) to employees. 73,165 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 660 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,926,638 (54.00%) | NA |
| NII (HNI) Shares Offered | 487,773 (9.00%) | |
| Retail Shares Offered | 1,463,319 (27.00%) | 73,165 |
| Employee Shares Offered | 541,976 (10.00%) | NA |
| Total Shares Offered | 5,419,706 (100%) |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 32 | 640 | ₹198,400 |
| Lot Size Calculator | |||
The Promoters of Persistent Systems Ltd are:
1. Dr. Anand Deshpande
2. Mr S.P. Deshpande
| Share Holding Pre Issue | 43.34% |
| Share Holding Post Issue | 38.85% |
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.
| Particulars | For the year/period ended (Rs. in million) | ||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 6,006.84 | 4,504.66 | 3,177.15 | 2,188.19 | 1,488.48 |
| Profit After Tax (PAT) | 667.64 | 833.84 | 572.41 | 368.14 | 340.68 |
| KPI | Values |
|---|---|
| ROE | 18.5% |
| ROCE | 42.8% |
| RoNW | 18.55% |
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.
The Persistent Systems IPO is subscribed 93.60 times on March 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)
| Category | Subscription (times) |
|---|---|
| QIB | 144.43 |
| NII | 107.73 |
| Retail | 21.69 |
| Employee | 0.61 |
| Total | 93.60 |
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.
| Listing Date | April 6, 2010 |
| BSE Script Code | 533179 |
| NSE Symbol | PERSISTENT |
| ISIN | INE262H01013 |
| Final Issue Price | ₹310 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹310.00 |
| ₹400.00 |
| ₹386.00 |
| ₹448.00 |
| ₹408.00 |
| NSE |
|---|
| ₹310.00 |
| ₹361.60 |
| ₹361.60 |
| ₹447.30 |
| ₹406.35 |
Persistent Systems Limited
Bhageerath,
402 Senapati Bapat Road,
Pune 411 016, Maharashtra, India
Phone: +91 20 3024 2000
Email: investors@persistent.co.in
Website: http://www.persistentsys.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: psl.ipo@linkintime.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 March 17, 2010, and closes on March 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 March 17, 2010 and closes on March 19, 2010.
Persistent Systems IPO lot size is 20 Shares, and the minimum amount required is ₹6,200.
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.
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RHP
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