Persistent Systems IPO subscribed 5.67 times till Day 2 - Indian IPO Blog

Thursday, March 18, 2010

Persistent Systems IPO subscribed 5.67 times till Day 2

Persistent Systems IPO has seen an escalation in subscription on Day 2 of its opening, with the IPO been subscribed 5.67 times. QIB Category has shown keen interest with the IPO receiving bids for 28473760 Equity Shares as against 2926638 Equity Shares reserved for the Category, thereby making the category oversubscribed by 9.73 times. The Retail Category has also chipped in with good response and the IPO is fully subscribed in the Retail Category. Click here for subscription status on second day

Persistent Systems Ltd. is a technology company specializing in outsourced software product development. Its main focus is in the area of telecommunications, life sciences  and infrastructure and systems. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers‘ existing software products.

The IPO closes for subscription tomorrow, i.e. Friday, March 19, 2010. Stay tuned to Indian IPO Blog for regular Bidding Status updates on the closing day

Update: Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM

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