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| PRODUCT NOTE |
| Persistent systems Ltd. |
| OPENS ON : 17/03/2010 |
CLOSES ON :19/03/2010 |
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| Company Details: |
- Incorporated in 1990, Persistent Systems Ltd is in the business of outsourced software product development (OPD) services and support providing end-to-end solutions across the full product life cycle. Existing shareholders include industry big-wigs like HP, Intel, Norwest and Gabriel.
- Persistent systems design, develop and maintain software systems and solutions create new applications and enhance the functionality of existing software products. Company's main focus is in the area of telecommunications, life sciences and infrastructure and systems.
- Persistent Systems won the 2008 NASSCOM Innovation Award and recognized as one of the leading technology companies in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009.
- 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.
- For the year ended March 31, 2009, the company has reported net profit of Rs 66.09 crore on total income of Rs 600.68 crore.
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| IPO Grading: |
CRISIL has assigned a CRISIL IPO Grade '4/5' to the proposed initial public offer (IPO) of
Persistent Systems Ltd. |
| Issue Details: |
| Issue Size |
: |
5,419,706 Equity |
| Shares Face value |
: |
Rs 10/- per equity |
| share Price band |
: |
Rs 290 - Rs.310 |
| Lot Size |
: |
20 Equity shares |
| Exchanges |
: |
NSE & BSE |
| Issue Type |
: |
100% Book Built issue IPO |
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| Book Running Lead Manager : |
- Enam Securities Pvt. Ltd.
- J.P Morgan India Pvt. Ltd.
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| Registrar of the issue- |
- Link In time India Pvt. Ltd.
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
32,51,824 Equity Shares(30 % of issue) |
| 2. |
Non Institutional |
5,41,971 Equity Shares(10 % of issue) |
| 3. |
Retail |
16,25,911 Equity Shares(30 % of issue) |
| Total Issue Size |
1+2+3 |
5,419,706 Equity shares* |
| Objects of the Issue |
The objects of the issue are to
Establish our development facilities;
Capitalize our Subsidiaries for establishing development facilities and meeting fit outs and interior design costs;
Procure hardware
Fund expenditure for general corporate purposes and
Achieve the benefits of listing on the Stock Exchanges. |
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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