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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 Opens QIP Issue, Floor Price Set at INR 5,550 Per Share
FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 21 Oct 2026, 07:21 PM IST  ·  BSE ID: 5f00980e-357d-40e2-a34d-2e8f104df277
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is starting a special share sale to institutional investors, setting a minimum price for its shares.
🤖 AI Summary
  • Persistent Systems approved opening a QIP issue with a floor price of INR 5,550 per equity share.
  • The company plans to raise up to USD 450 million, equivalent to INR 42,646.10 million.
  • The Special Committee fixed October 21, 2026, as the relevant date for the QIP.
  • A discount of up to 5% on the floor price may be offered on the issue price.
🔢 Key Numbers — exact figures from BSE filing, not rounded
QIP Floor Price
INR 5,550 per Equity Share
QIP Issue Size (USD)
USD 450 million
QIP Issue Size (INR)
INR 42,646.10 million
Relevant Date for QIP
October 21, 2026
🏢 How This Affects the Company
📈
Business Impact
The QIP will provide significant capital, supporting strategic initiatives and growth opportunities.
💰
Financial Impact
The fundraising will bolster the company's cash reserves and strengthen its balance sheet, potentially funding future investments or acquisitions.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this stage.
👤
Who Is Affected
Existing shareholders will have their stake diluted as new equity shares are issued to qualified institutional buyers.
🔍
Management Signal
This indicates management's intent to access capital markets for funding growth and strategic objectives.

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

👁 Watch List — track these upcoming events
QIP issue price determination by book running lead managers.
Completion of QIP allotment and fund infusion.
Subsequent utilization of funds for business growth.
LOW RISK Standard QIP process with established regulatory framework; risk tied to market execution.
💡 Investor Takeaway
Persistent Systems will raise up to USD 450 million via QIP, with a floor price of INR 5,550 per share, effective October 21, 2026.
⚖️ Strengths & Concerns

✅ Positives

  • Company announces intent to raise substantial capital via QIP, demonstrating growth funding strategy.
  • Floor price of INR 5,550 per equity share reflects market valuation and pricing regulations.
❓ Frequently Asked Questions
What is the floor price set for Persistent Systems' QIP?
The floor price for the QIP is set at INR 5,550 per Equity Share.
What is the maximum amount Persistent Systems plans to raise through its QIP?
The company plans to raise up to USD 450 million, equivalent to INR 42,646.10 million.
When was the relevant date fixed for Persistent Systems' QIP?
The relevant date for the QIP was fixed as October 21, 2026.
Can Persistent Systems offer a discount on the floor price for the QIP?
Yes, the company may offer a discount of not more than 5% on the floor price.

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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