Persistent Systems Allots 76.8 Lakh Shares Via QIP, Raises ₹4,265 Crore
Persistent Systems Limited raised ₹4,265 crore through a Qualified Institutional Placement (QIP). The company allotted 7,683,981 equity shares at ₹5,550 per share on October 26, 2026. This issuance increases the company's paid-up equity share capital.
The QIP is a material event that significantly increases the company's equity base and raises a substantial amount of capital, which can impact its financial structure, future investments, and market valuation.
The company successfully raised a significant amount of capital through a QIP, which is generally viewed positively as it strengthens the company's financial position and provides funds for growth.
Persistent Systems Limited has announced the successful allotment of 7,683,981 equity shares under its Qualified Institutional Placement (QIP) issue. The Special Committee of the Board of Directors, in its meeting held on October 26, 2026, approved the allotment at an issue price of ₹5,550.00 per equity share. This price includes a discount of ₹211.00 per share (3.66% of the floor price), and represents a premium of ₹5,545.00 per equity share. The total amount raised through this placement is ₹42,646.09 million (approximately ₹4,265 crore).
Consequent to this allotment, the company's paid-up equity share capital has increased from ₹79,07,50,000 comprising 15,81,50,000 equity shares of ₹5 each, to ₹82,91,69,905 comprising 16,58,33,981 equity shares. The QIP issue opened on October 21, 2026, and closed on October 26, 2026. The announcement also includes a list of allottees who received more than 5% of the equity shares offered, with major allocations to SBI Large & Midcap Fund, ICICI Prudential Technology Fund, Kotak Balanced Advantage Fund, Aditya Birla Sun Life Mutual Fund schemes, and Government Pension Fund Global.
What to do with a filing like this
Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Persistent Systems Limited. Read the original for the full detail.