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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Persistent Systems Ltd

Persistent Systems prices QIP at INR 5,550.00 per share, raises capital

DIVIDEND ▲ Positive Development LOW RISK
📅 Filed on BSE: 26 Oct 2026, 07:28 PM IST  ·  BSE ID: 4db0280f-72d0-493e-bbe5-7f64c848f71c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company successfully completed a private sale of shares to large investors at a set price.
🤖 AI Summary
  • Persistent Systems approved the allocation of 7,683,981 equity shares via QIP.
  • The issue price was set at INR 5,550.00 per Equity Share.
  • This price reflects a 3.66% discount to the floor price of INR 5,761.00.
  • The Special Committee meeting concluded on October 26, 2026, finalizing the QIP.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares Allocated
7,683,981
Issue Price per Equity Share
5,550.00
Discount to Floor Price
211.00
Discount Percentage to Floor Price
3.66%
Floor Price per Equity Share
5,761.00
🏢 How This Affects the Company
💰
Financial Impact
The Qualified Institutional Placement (QIP) raises capital for the company through the issuance of equity shares to qualified institutional buyers. The specific amount raised is not detailed in this filing.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders.
👤
Who Is Affected
Existing shareholders are affected through potential dilution of their ownership percentage due to the issuance of new equity shares.
🔍
Management Signal
Management has successfully executed a capital-raising initiative through a QIP.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Details on capital utilization from QIP funds.
Subsequent quarterly results post QIP completion.
Any further regulatory filings regarding shareholding changes.
LOW RISK The filing reports a completed financial transaction with clear pricing and allocation details.
💡 Investor Takeaway
Persistent Systems completed its QIP by allotting 7,683,981 equity shares at INR 5,550.00 per share, a 3.66% discount to the floor price.
⚖️ Strengths & Concerns

✅ Positives

  • Successful completion of QIP demonstrates investor confidence in the company's valuation.
  • Allocation price of INR 5,550.00 per share for 7,683,981 equity shares finalized.
❓ Frequently Asked Questions
What is the issue price for Persistent Systems' QIP?
Persistent Systems approved an issue price of INR 5,550.00 per Equity Share for its QIP.
How many equity shares did Persistent Systems allocate in its QIP?
Persistent Systems allocated 7,683,981 Equity Shares in its Qualified Institutional Placement.
What was the discount on Persistent Systems' QIP issue price?
The issue price of INR 5,550.00 per Equity Share was at a discount of INR 211.00 (3.66%) to the floor price of INR 5,761.00.
When did Persistent Systems' Special Committee Meeting conclude?
The Special Committee Meeting of Persistent Systems concluded on October 26, 2026.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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