Persistent Systems Completes QIP, Allots 76.8 Lakh Shares Worth ₹4,264 Crore
Persistent Systems Limited successfully completed its Qualified Institutional Placement (QIP). The company allotted 7,683,981 equity shares at ₹5,550 per share. This raised approximately ₹4,264.61 crore. The paid-up capital increased to ₹82.92 crore with 165.83 million shares.
The fundraising of over ₹4,200 crore through QIP is a material event that can significantly impact the company's financial structure, growth prospects, and market valuation.
The company successfully raised a significant amount of capital through a Qualified Institutional Placement, 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 completion of its Qualified Institutional Placement (QIP). The Special Committee of the Board of Directors, in its meeting held on October 26, 2026, approved the allotment of 7,683,981 equity shares to qualified institutional buyers.
The issue price was set at ₹5,550.00 per equity share, which included a discount of ₹211.00 per share (3.66% of the floor price). The total amount raised through this placement aggregates to ₹42,646.09 million (₹4,264.61 crore).
The QIP opened on October 21, 2026, and closed on October 26, 2026. Consequent to this allotment, the company's paid-up equity share capital has increased to ₹829,169,905, comprising 165,833,981 equity shares, up from the previous 158,150,000 equity shares.
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.