Floor price for the Issue taken on record at INR 5,761.00 per Equity Share
Persistent Systems has confirmed the floor price for its Issue.
By ScoutQuest · · 1 min read
- Floor Price
- INR 5,761.00 per Equity Share
- Pricing Basis
- pricing formula prescribed under the SEBI ICDR Regulations
What the company has confirmed
The Special Committee of the Board of Persistent Systems has approved and taken on record the floor price for the Issue.
- Floor price: INR 5,761.00 per Equity Share
- The price is based on the pricing formula prescribed under the SEBI ICDR Regulations
The letter is a follow-up to the company's earlier letter dated October 21, 2026 on the outcome of the Special Committee meeting. The company states that the rest of the details in that earlier letter remain unchanged.
Why a floor price matters
The floor price is the minimum price at which shares can be offered under the Issue, calculated using the formula set out in the SEBI ICDR Regulations. For a retail reader, it is the reference price the company has put on record for the Issue.
What to keep in mind
- This letter confirms the price point only; the other terms of the Issue follow from the earlier letter referred to by the company.
- The figure to note is INR 5,761.00 per Equity Share, as printed in the update.
Also from Persistent Systems
Q2 FY27 call: revenue USD 487.6 million, EBIT margin 15%, order book USD 633.5 million
23 Oct 2026
ICRA keeps [ICRA]AA+ on Rating Watch Negative for Rs.7,000.0 crore NCDs; assigns [ICRA]A1+ to Rs.1,000.00 crore commercial paper
23 Oct 2026
Persistent Systems QIP of 4,260 crore rupees opened, stock flat
22 Oct 2026
More numbers
- Floor price for the Issue per Equity ShareINR 5,761.00 per Equity Share
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