GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

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

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 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 Completes QIP, Allots Shares Worth Rs. 42,646.09 Million

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 26 Oct 2026, 11:29 PM IST  ·  BSE ID: e4c168b5-0735-49cc-a030-f058d7ebc477
View Original BSE Filing (PDF)
💡
In Simple Terms
Persistent Systems raised over INR 4264 crore by issuing new shares to large investors.
🤖 AI Summary
  • Persistent Systems allotted 7,683,981 equity shares via QIP, raising INR 42,646.09 million.
  • Issue price fixed at INR 5,550.00 per share, a 3.66% discount to floor price.
  • QIP proceeds will support company's growth initiatives.
  • Company's paid-up equity share capital increased to INR 829,169,905.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount raised via QIP
INR 42,646.09 million
Number of equity shares allotted
7,683,981 Equity Shares
Issue price per equity share
INR 5,550.00
Discount to floor price
INR 211.00 (3.66%)
New paid-up equity share capital
INR 829,169,905/-
New total equity shares
165,833,981 Equity Shares
🏢 How This Affects the Company
📈
Business Impact
The capital infusion provides funds to support the company's strategic growth objectives and potential future investments.
💰
Financial Impact
The company's paid-up equity share capital has increased, strengthening its balance sheet and enhancing its financial flexibility.
👥 What This Means For Shareholders
✅
Action Required
No action required from existing shareholders.
👤
Who Is Affected
Existing shareholders will experience dilution in their percentage of ownership due to the issuance of new shares.
🔍
Management Signal
Management is actively raising capital to fund future growth and strategic objectives.

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

👁 Watch List — track these upcoming events
Company's utilization of QIP funds for growth initiatives.
Future financial results demonstrating impact of capital deployment.
Updates on strategic partnerships or acquisitions funded by QIP.
LOW RISK Routine capital raising event to fund growth, with terms clearly disclosed.
💡 Investor Takeaway
Persistent Systems raised INR 42,646.09 million by allotting 7,683,981 equity shares at INR 5,550.00 per share via QIP, increasing its equity base.
⚖️ Strengths & Concerns

✅ Positives

  • Successful completion of a significant QIP raising INR 42,646.09 million.
  • Allotment of shares at a price of INR 5,550.00 per share to qualified institutional buyers.
❓ Frequently Asked Questions
What is the total amount raised by Persistent Systems through its QIP?
Persistent Systems raised approximately INR 42,646.09 million through the Qualified Institutional Placement.
How many shares did Persistent Systems allot in its QIP?
Persistent Systems allotted 7,683,981 Equity Shares to eligible qualified institutional buyers.
What was the issue price per share for Persistent Systems' QIP?
The issue price was INR 5,550.00 per Equity Share, which included a discount of INR 211.00.
How does the QIP impact Persistent Systems' equity share capital?
The paid-up equity share capital increased from INR 790,750,000/- to INR 829,169,905/-, with the total shares rising to 165,833,981.

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.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.