Persistent Systems IPO Allotment and Subscription Details

• Author: Lalitha
• Filed under: IPO, IPO Allotment Details, Persistent Systems IPO, order news
• Date: Mar 19,2010

PERSISTENT SYSTEMS LIMITED which opened on March 17th 2010 and its closing almost today at 5.00 or so , has been oversubscribed by 43 times or so and retail will not be known fully until end of the day , but for sure it will be more than 10 times and on the overall side it will be more than 80 or so .(Finally its 93 times.)
PERSISTENT SYSTEMS IPO Details

Symbol – Series PER EQ
Issue Period Mar 17, 2010 to Mar 19, 2010.
Issue Size 5,419,706 shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.290 to Rs. 310
Tick Size Re. 1/-
Market Lot 20 Equity Shares
Minimum Order Quantity 20 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.

PERSISTENT SYSTEMS IPO Allotment Details will be available here.

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 .