Persistent Systems Ltd IPO

Closed

Subscription Details

  • Open Date 17 Mar
  • Close Date 19 Mar
  • Lot Size 20
  • IPO Size ₹ 168.01 Cr
  • IPO Price Range ₹ 310
  • Min Investment ₹ 6200

Persistent Systems Ltd IPO Timeline

Open Date
17 Mar
Close Date
19 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Persistent Systems Ltd IPO

Contact Information

Address

Bhageerath,
402 Senapati Bapat Road,
Pune, Maharashtra 411016

Persistent Systems Ltd IPO Lead Manager

Enam Securities Pvt LtdJ P Morgan India Pvt Ltd
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