Friday, March 12, 2010

Persistent Systems Ltd IPO opening on Mar 17 to Mar 19

Persistent Systems Ltd is entering in the capital markets with an initial public offering, IPO of 168 crore for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs. 290 to Rs. 310 per equity share.


Incorporated in 1990, Persistent Systems Ltd is in the business of outsourced software product development (OPD) services. Company has nine development centers in Europe, America and Asia. In India, company operates from Pune. Company has workforce of more than 3500 software professionals.


The issue opens on March 17, 2010, and closes for subscription on March 19, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).


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Persistent Systems Limited IPO
Persistent Systems IPO Allotment Status
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