Issue Price
₹310
Per Share
GMP
NIL
Grey Market
Est. Listing
₹310
Expected Price
Min. Application
₹12,400
2 lots × 20 shares
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.
Persistent Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 5,419,706 | 100.00% | ₹168.01 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 2 | 40 | ₹12,400 |
| sNII (Min) | 33 | 660 | ₹204,600 |
| bNII (Min) | 162 | 3,240 | ₹1,004,400 |
| Particulars | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue from Operations | 600.68 | 450.46 | 317.71 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 66.76 | 83.38 | 57.24 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | N/A | N/A | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |