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IPO

IPO Details


Persistent Systems Ltd
Registered Office: Bhageerath, 402 Senapati Bapat Road, Pune - 411016, Maharashtra
Phone: 91-020-67030000/67462084
Email: investors@persistent.com; info@persistent.com
Website: www.persistent.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
17-Mar-2010 19-Mar-2010 ₹ 310.00 ₹ 0.00
Minimum Application for shares in Nos : 20.0 Further Multiples of : 20.0
(₹)Cr. Lead Managers to the Issue
Project Cost 218.55 Enam Securities Pvt Ltd
Project Financed through Current Offer 168.01
Post Issue Equity Share Capital 40.00
Issue Price ₹310.00
Projects
Establish the development facilities
Capitalise the subsidiaries for estab. dev. facil.
Procure hardware
Fund expenditure for general corporate purposes
Promoted By
Anand Deshpande
S P Deshpande
Listing At
BSE
NSE
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

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NASDAQ
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24,474.68 297.60(1.23%)