Persistent Systems533179QIP fundraising

Qualified Institutions Placement: ~76.84 lakh equity shares allotted at INR 5,550.00 each

Persistent Systems allotted ~76.84 lakh equity shares to qualified institutional buyers under a Qualified Institutions Placement at INR 5,550.00 per share — a discount of INR 211.00, or 3.66%, to the floor price.

By ScoutQuest · Mon 26 Oct 2026, 11:24 PM IST · 2 min read

INR 829,169,905/-+4.9%

BeforeINR 790,750,000/-AfterINR 829,169,905/-

Paid-up equity share capital allotment: INR 790,750,000/- (Before) and INR 829,169,905/- (After).

Issue Price per Share: INR 5,550.00 per equity share
Shares Allotted: ~76.84 lakh equity shares
Total Amount Raised: INR 42,646.09 million

What was approved

The Special Committee of the Board, at its meeting held on Monday, October 26, 2026, considered and approved the allotment of ~76.84 lakh equity shares to eligible qualified institutional buyers under a Qualified Institutions Placement, pursuant to Chapter VI of the SEBI ICDR Regulations.

Price and size of the issue

Issue price: INR 5,550.00 per equity share.
This includes a discount of INR 211.00 per equity share, which is 3.66% of the floor price.
Total amount raised: INR 42,646.09 million.

Who got the shares

The update lists allottees who received more than 5% of the equity shares offered in the issue. The names include several SBI mutual fund schemes, ICICI Prudential Technology Fund, several Kotak funds, several Aditya Birla Sun Life mutual fund schemes, and Government Pension Fund Global (categorised as a foreign portfolio investor). All of them were allotted shares at the same issue price of INR 5,550.00.

Effect on share capital

Before the allotment, paid-up equity share capital was ~INR 79.08 crore.
After the allotment, it is ~INR 82.92 crore.
The paid-up capital now consists of ~16.58 crore equity shares.

Issue window

The issue opened on October 21, 2026 and closed on October 26, 2026.

How a retail investor can read this

A Qualified Institutions Placement brings in money from large institutional investors in a single round. Two things happen at once:

The company receives fresh capital, here about INR 42,646.09 million before expenses.
The number of equity shares in existence goes up. Each existing shareholder therefore holds a slightly smaller percentage of the company than before, which is what the increase in paid-up capital from ~INR 79.08 crore to ~INR 82.92 crore reflects.

The shares were placed at a discount to the floor price, which is a common feature of such issues. The allottee list shows participation by domestic mutual fund schemes across large-cap, mid-cap, multi-cap, hybrid and tax-savings categories, and by a foreign institutional investor. The update does not state how the funds raised will be used.

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