Persistent Systems IPO - CRISIL Rating - Indian IPO Blog

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Wednesday, March 17, 2010

Persistent Systems IPO - CRISIL Rating

CRISIL has assigned an IPO Grade 4 to Persistent Systems Ltd. IPO. This means that as per CRISIL, Company has Above Average Fundamentals. CRISIL assigns IPO gradings on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Persistent Systems Ltd.

Persistent Systems Ltd., a company engaged in the business of outsourced software product development (OPD) services, is entering capital markets with an IPO of 5,419,706 Equity Shares of Rs.10 each. The IPO would consist of 5,419,706 Equity Shares of Rs.10 each. The issue comprises of a net issue to the public of 48,77,730 shares and a reservation of up to 5,41,976 equity shares for eligible employees.

Stay tuned for day-to-day subscription status updates of Persistent Systems IPO!

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