Persistent Systems Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,926,638 (54%) | — | ₹9,073 Cr |
| NII (HNI) | — | 487,773 (9%) | — | ₹151 Cr |
| Retail | — | 1,463,319 (27%) | — | ₹4,536 Cr |
| Employee | — | 541,976 (10%) | — | ₹1,680 Cr |
| Σ Total | — | 5,419,706 (100%) | — | ₹168,011 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 13 | 260 | ₹80,600 |
| S-HNI (Min) | 14 | 280 | ₹86,800 |
| B-HNI (Min) | 67 | 1,340 | ₹415,400 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 601 | 450 | 318 |
| Profit After Tax | 67 | 83 | 57 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Establishment of development facilities. – 174.897
- 2 Capitalise our Subsidiaries for establishing development facilities. – 2.95
- 3 Procuring hardware. – 20.45
- 4 Fund expenditure for general corporate purposes. – 20.24
Company Overview
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.