Persistent Systems Ltd IPO

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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.

Persistent Systems Ltd IPO Subscription Details


Persistent Systems Ltd

Issue Type

(Book Built Portion)

Open Date

17 Mar

Close Date

19 Mar

Offer Price


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Contact Details of Persistent Systems Ltd IPO

Company Contact Information

Persistent Systems Ltd IPO
402 Senapati Bapat Road,
Pune, Maharashtra 411016.

Phone: 91-020-67030000
Email: investors@persistent.com

Persistent Systems Ltd IPO Register

Link Intime India Pvt Ltd

Persistent Systems Ltd IPO Lead Manager(s)

  • Enam Securities Pvt Ltd
  • J P Morgan India Pvt Ltd

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