How is Persistent IPO

S

superman

Well-Known Member
#1
#1
Hi

This IPO looks hot at this moment.
Seems like everyone is recommending this
Issue Open: Mar 17,2010
Issue Close: Mar 19, 2010
Price Band: Rs. 290 - Rs. 310 Per Equity Share
Minimum Bid Size: 20 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type 100% Book Built Issue IPO

Maximum Subscription Amount
for Retail Investor
Rs. 1,00,000

Persistent Systems Limited:

Incorporated in 1990, Persistent Systems Ltd is in the business of outsourced software product development (OPD) services. Company design, develop and maintain software systems and solutions, create new applications and enhance the functionality of existing software products.

IPO Grading / Rating:

CRISIL has assigned an IPO Grade 4 to Persistent Systems Limited IPO. This means as per CRISIL, company has 'Above Average Fundamentals'.
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So is it advisable to go for this IPO ..?
What may be the expected listing price ..?
Any comments on this is welcome
 
M

mfadhd

Member
#2
#2
the issue has Rs.150 premium goin on i heard and saw in some websites
just confirm it b4 investing also read the RHP b4 investing

310+150=460/-

regards
 
krishna23

krishna23

Active Member
#3
#3
good company, but very small issue;
chances of good allotment are slim...maybe on a full application u'll get 20-30 shares...listing is expected at 350 at least..optimistic expectation would be 400/420...
 
M

magnet

Active Member
#4
#4
What i have been seeing is software shares earn good on +ive news especiallly small companies..Just after listing

Like thinksoft global ,infitinite computer etc

Seeing the company needs or just taking 300 crore rupees only and that too share price ard 250+ i see chances of getting the share is low
But ya + ive it being listed at very good valuation so i ll apply this too
 
S

superman

Well-Known Member
#5
#5
The public issue of Pune-based software product development company Persistent Systems has received record subscription in 26 months.

It got overwhelming response from investors, especially qualified institutional investors (QIBs). Overall, the issue has been oversubscribed 93.16 times, as per data available on the NSE website.
 
M

magnet

Active Member
#7
#7
superman said:
It got overwhelming response from investors, especially qualified institutional investors (QIBs). Overall, the issue has been oversubscribed 93.16 times, as per data available on the NSE website.
Click to expand...
No doubt in grey i read somewhere people expecting 60%return

If i dont get the shares than its sure it will have record listing..past experience:lol: u see.lolz
 
S

superman

Well-Known Member
#9
#9
Got the 20 shares that i had applied for at cut off
Your Shares are credited in your account.

Please check the balance in your DP Account before doing any transaction in the shares.
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When will be the listing ?
 
M

magnet

Active Member
#10
#10
superman said:
Got the 20 shares that i had applied for at cut off

When will be the listing ?
Click to expand...
Even i applied at cut off for 40 shares

Anyways not sure but it have to be 5th april Because its not tomm as nowhere i can see than all are holidays so it have to be monday since refund and shares allotted already took place
 
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