Business Standard

Persistent Systems Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

168.01 cr

Price Range (₹)

310

Lot Size

20

Min Investment (₹)

6,200.00

Listing Exchange

MumbaiNSE

Open Date

17-Mar-2010

Close Date

19-Mar-2010

Listing Date

06-Apr-2010

Persistent Systems Ltd News

    The Shares of Persistent Systems Ltd have now been listed.

    Persistent Systems Ltd IPO Details

    Public Issue of 5,419,706 equity shares of Rs. 10 each of Persistent Systems Limited. (The company or The issuer) for cash at a price of Rs. 310 per equity share (including a share premium of Rs. 300 per equity share) consisting of a fresh issue of 4,139,000 equity shares and an offer for sale of 1,280,706 equity shares by Dr. Shridhar Bhalchandra Shukla and Vijayalaxmi Shridhar Shukla (Holding Shares Jointly) and Ashutosh Vinayak Joshi (collectively known as The Selling Shareholders), aggregating up to Rs. 168.01 crores (The Issue). The Issue comprises a net issue to the public of 4,877,730 shares of Rs. 10 each (The Net Issue) and a reservation of up to 541,976 equity shares of Rs. 10 each for eligible employees (The Employee Reservation Portion). The Issue will constitute 13.55% of the fully diluted post issue paid-up capital of the company and the net issue would constitute 12.19% of the fully diluted post issue paid-up capital of the company. Issue Price : Rs. 310 per equity share of face value Rs. 10 each.The Issue price is 31 times the face value.

    Objective of issue

    Establish the development facilities. Capitalise the subsidiaries for estab. dev. facil.. Procure hardware. Fund expenditure for general corporate purposes.

    Persistent Systems Ltd Contact Details

    Persistent Systems Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - investors@persistent.com; info@persistent.com

    Website - www.persistent.com