Persistent Systems IPO oversubscribed by a staggering 93.60 times - Indian IPO Blog

Friday, March 19, 2010

Persistent Systems IPO oversubscribed by a staggering 93.60 times

The IPO of Persistent Systems Ltd., which closed for subscription today, has received record over-subscription in the past 26 months in terms of the number of times that the issue is oversubscribed. The IPO has received gigantic over-subscription figures in QIB, HNI as well as the Retail Category.

A rock-solid support from the QIB and HNI Category, backed by an enthusiastic response from the Retail Category, ensured that the IPO over-subscription figure reached at an astounding 93.60 times. The IPO has received an excellent response from the three categories of investors, with over-subscriptions in QIB and HNI Categories going well beyond 100 times, and Retail Category crossing an amazing 20 times. Click here to check out category-wise subscription status

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

Click here to view Persistent Systems IPO - Final Subscription Statistics

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