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Wednesday, March 17, 2010

Persistent Systems IPO - Information & Analysis

Pune based software product development company is entering capital market with an initial public offering (IPO). Checkout the IPO information and analysis.

Persistent Systems Limited IPO Information - AnalysisIssue Opens: Mar 17,2010
Issue Closes: 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 Analysis / Grading / Rating:
CRISIL has assigned an IPO Grade 4 to Persistent Systems Limited IPO. This means as per CRISIL, company has 'Above Average Fundamentals'.

A research report on Persistent Systems' IPO from Hem securities says, "The company is bringing the issue at price band of Rs 290-310 which will turn into P/E multiple of 11.54-12.34 at post issue annualized EPS of Rs 25.12.The company has posted robust financials from last few years. Being one of the market leaders in outsourced software product development service, the company is on the high growth trajectory .Also, the debt free status of the company has added one more feather to its cap. Hence we recommend investor to buy IPO of this issue."

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