Persistent Systems Ltd files DRHP for IPO
Pe
rsistent Systems, a technology company specialising in outsourced software product development (OPD), has filed the draft red herring prospectus (DRHP) for the third time with the Securities & Exchange Board of India (SEBI). It has planned a public issue of 54,19,706 equity shares of Rs 10 each.
It is an OPD (outsourced software product development ) specialty company, offering customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of customers‘ existing software products.
The book running lead managers to the issue are Enam Securities Private Limited and JP Morgan India Private Limited. Link Intime India Private Limited is the registrar.
