Persistent Systems IPO : Lists with 29% gain

by khalid on 08/04/2010 · 0 comments

Persistent Systems Ltd’s shares got listed with a premium of 29% and opened at Rs 400, allotment price was Rs 310. The shares touched a high of Rs 448 and a low of Rs 386. At the end of the day, shares price was Rs 408 which is a premium of 31% over the issue price of Rs 310.

Persistent Systems IPO had been over subscribed 93.60 times at the end of the final day, it was 86.32 times for DQ Entertainment. This was a new record for any IPO this year. The IPO had received an excellent response from all 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.

Listing day summary :-

ISIN: INE262H01013
IPO Listing Date: 6th April 2010
BSE Script Code: 533179
Listing in: ‘B’ Group of Securities
Issue Price: Rs.310/- per equity share

On the BSE:-

Open : 400.00
High : 448.00
Low : 386.00
Close : 408.00

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