Persistent Systems IPO – Gets 4 out of 5 rating from crisil

• Author: Ganapathy
• Filed under: Persistent Systems IPO
• Date: Dec 4,2007

IPO Details
Persistent Systems (PSL) proposes to enter capital market with a public issue of 4,974,836 equity shares of face value Rs 10 at a targeted price of Rs 375 per share.CRISIL has rated the IPO Grade of ‘4/5′ for the proposed public offer of the company.
About Persistent Systems
Persistent Systems is a 17 year old company focusing exclusively on Outsourced Software Product Development. They offer services across the life cycle of the product – from R&D to Development, Testing, Support and Professional Services, thus allowing you to focus on your core competencies, while achieving time-to-market and cost advantage.They have filed for DRHP with Sebi to raise fund through IPO for further expansion plan .