Price band Rs290-310

Persistent Systems (PSL) is a niche player in the outsourced software product development (OPD) segment. The company develops and maintains software systems and solutions and also augments the functionality of customers’ existing software products. It caters to various segments including telecommunications, life sciences, infrastructure and systems. The company proposes to raise Rs1.5bn, which will be utilized for development facilities at Pune and Nagpur along with hardware procurement.  Being a dominant player in the OPD segment, it is well-poised to capitalize on the growth of the IT industry. We recommend subscribing to the issue.