Persistent Systems has successfully completed a Qualified Institutional Placement (QIP), allotting 7,683,981 Equity Shares to eligible institutional investors. The issue price was fixed at ₹5,550.00 per Equity Share, raising approximately ₹42,646.09 million. This fundraising will bolster the company’s paid-up equity share capital, supporting its strategic growth and operational expansion plans.
Persistent Systems Completes Qualified Institutional Placement
Persistent Systems Limited announced the successful allotment of 7,683,981 Equity Shares on October 26, 2026, through a Qualified Institutional Placement (QIP). This significant fundraising exercise was approved by the Special Committee of the Board of Directors.
Key Financial Details of the QIP
The QIP was executed at an issue price of ₹5,550.00 per Equity Share. This price includes a discount of ₹211.00 per share, representing 3.66% of the floor price, as determined by the SEBI ICDR Regulations. The total amount raised from this placement is approximately ₹42,646.09 million.
Impact on Share Capital
Consequent to this allotment, Persistent Systems’ paid-up equity share capital has increased. The company’s share capital has risen from INR 790,750,000/- (comprising 158,150,000 Equity Shares of INR 5 each) to INR 829,169,905/- (comprising 165,833,981 Equity Shares).
QIP Timeline and Allottees
The QIP issue opened on October 21, 2026, and closed on October 26, 2026. The list of allottees who have acquired more than 5% of the Equity Shares offered in this issue is provided in Annexure A.
Source: BSE