Persistent Systems533179QIP fundraising
Committee approves allotment of ~76.84 lakh shares at INR 5,550.00 per share under QIP
Persistent Systems' Special Committee approved allotment of ~76.84 lakh equity shares to qualified institutional buyers at INR 5,550.00 per share, a 3.66% discount to the floor price, aggregating INR 42,646.09 million.
By ScoutQuest · · 2 min read
INR 829,169,905/-+4.9%
BeforeINR 790,750,000/-AfterINR 829,169,905/-
- Issue Price
- INR 5,550.00 per share (3.66% discount to floor price)
- Shares Allotted
- ~76.84 lakh equity shares to qualified institutional buyers
- Total Amount Raised
- INR 42,646.09 million
Fund raise through a qualified institutions placement
- The Special Committee of the Board, at its 2nd meeting held on Monday, October 26, 2026, considered and approved the allotment of ~76.84 lakh equity shares to qualified institutional buyers.
- Issue price: INR 5,550.00 per equity share, which the update describes as a premium of INR 5,545.00 over the INR 5 face value per share.
- That price includes a discount of INR 211.00 per equity share, i.e. 3.66% of the floor price.
- The shares aggregate to approximately INR 42,646.09 million.
- The issue opened on October 21, 2026 and closed on October 26, 2026.
What changes in the share capital
- Paid-up equity share capital moves from ~INR 79.08 crore (~15.82 crore equity shares of INR 5 each) to ~INR 82.92 crore (~16.58 crore equity shares of INR 5 each).
- So the total number of equity shares goes from 158,150,000 to 165,833,981, with the new shares issued at a price well above the INR 5 face value.
Who took the shares
- The update lists allottees given more than 5% of the equity shares offered in the issue.
- SBI group schemes together account for 9.38% of the total issue size, led by SBI Midcap Fund with 1,80,180 shares and SBI Large & Midcap Fund with 1,78,378 shares.
- ICICI Prudential Technology Fund: 5,85,586 shares, 7.62%.
- Kotak group schemes: 7.62% of the total issue size, including Kotak Mahindra Trustee Co Ltd A/c Infinity Hybrid Long-Short Fund with 4,18,848 shares (5.45%).
- Aditya Birla Sun Life Mutual Fund schemes: 7.62% of the total issue size in aggregate.
- Government Pension Fund Global: 4,50,451 shares, 5.86%, categorised as FPI.
- The listed allottees together hold 29,27,930 shares, or 38.10% of the total issue size.
How to read this
- This is fresh equity issued to institutional investors, which brings in about INR 42,646.09 million of capital and increases the number of shares in existence.
- The shares were issued at a 3.66% discount to the floor price determined under the SEBI ICDR Regulations.
- A larger share base means existing shareholders hold a smaller proportion of the company after the issue.
Also from Persistent Systems
Qualified Institutions Placement: ~76.84 lakh equity shares allotted at INR 5,550.00 each
26 Oct 2026
QIP closed: ~76.84 lakh equity shares allotted at 5,550.00 per share, a 3.66% discount to the floor price
26 Oct 2026
Q2 FY27 call: revenue USD 487.6 million, EBIT margin 15%, order book USD 633.5 million
23 Oct 2026
More numbers
- Equity shares allotted7,683,981
- Issue price per equity shareINR 5,550.00
- Discount per equity shareINR 211.00
- Discount as % of floor price3.66%
- Total amount of the issueINR 42,646.09 million
- Paid-up capital before allotmentINR 790,750,000/-
- Paid-up capital after allotmentINR 829,169,905/-
- Total equity shares after allotment165,833,981
Source: BSE · 26 Oct 2026
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