Persistent Systems allots 7.68 million shares in ₹4,265 crore QIP

The QIP allotment in numbers

Size and pricing of the placement

The Special Committee of the Board approved the allotment of 76,83,981 equity shares at ₹5,550.00 each, which the company says includes a discount of ₹211.00 per share, or 3.66% of the floor price determined under the SEBI ICDR Regulations.

The allotment aggregates to ₹4,264.61 crore. At the 26 Oct 2026 close of ₹5,850.00 a share, the company's market value was ₹92,284 crore, so the placement is about 4.6% of that value.

Who took the shares

Allottees above 5% of the issue took 29,27,930 shares, or 38.10% of the shares offered. The annexure lists ICICI Prudential Technology Fund with 5,85,586 shares (7.62%), Government Pension Fund Global with 4,50,451 shares (5.86%) and Kotak Mahindra Trustee Co Ltd for Kotak Infinity Hybrid Long-Short Fund with 4,18,848 shares (5.45%), among others.

What the QIP allotment means for Persistent Systems' shareholders

Paid-up equity share capital rises from ₹79.08 crore to ₹82.92 crore, and the share count from 15,81,50,000 to 16,58,33,981 equity shares. The filing does not state the reason for the fund-raise, how the proceeds will be used, or the net amount after issue expenses. The date of completion of allotment and listing of the new shares is also not stated.

Reference: Original filing (PDF)