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Persistent Systems IPO bid 0.09 times on the opening day

Persistent Systems Limited IPO, which opened for subscription from today, i.e. Wednesday, March 17, 2010, has got a unimpressive response on its opening day with the IPO receiving subscription only upto 9% on an overall basis. The Retail Category, however, has received 32.89% subscription on first day. Following is the category-wise Bidding Status of Persistent Systems IPO on Day 1:

Persistent Systems IPO - Bidding Status on Day 1, i.e. on Wednesday, March 17, 2010 1700 hrs IST:
QIB: 0.00 times
Non-Institutional Investors: 0.05 times
Retail: 0.33 times
Employees: 0.00 times
Overall: 0.09 times

Update: Persistent Systems IPO subscribed 5.67 times till Day 2

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