# Persistent Systems QIP Launch

> Persistent Systems opens QIP to raise Rs 4,265 crore with floor price set at Rs 5,550/share.
- Title: Persistent Systems QIP Launch · The Economic Times | Shortify
- Summary: Persistent Systems opens QIP to raise Rs 4,265 crore with floor price set at Rs 5,550/share. Persistent Systems launched a QIP to raise up to Rs 4,265 crore…
- Keywords: persistent systems, qip, rs 4265 crore, floor price, rs 5550, sebi, money, business, Persistent, Systems, Launch, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/persistent-systems-launches-rs-4265-cr-qip-floor-price-set-at-rs-5550/share/articleshow/135097602.cms
- Author: PTI
- Published: 2026-10-21T17:31:00+00:00
- Read time: 1 min
- Topics: persistent systems, qip, rs 4265 crore, floor price, rs 5550, sebi, money, business
## Persistent Systems QIP Launch
Persistent Systems opens QIP to raise up to Rs 4,265 crore with floor price set at Rs 5,550 per share.
## QIP Details
The company may offer a discount of up to five per cent on the floor price, approved by members on October 5.
## Issue Size
The issue size will comprise up to USD 450 million equivalent to Rs 42,646.10 million based on RBI/FBIL rate of Rs 94.7691 per USD.
## Board Approval
The special committee approved the floor price of Rs 5,550 per share under SEBI's pricing formula.
## Final Price Determination
The final issue price will be decided by the company with JP Morgan India, IIFL Capital Services and HSBC Securities.
## Key takeaway

Persistent Systems launched a QIP to raise up to Rs 4,265 crore with a floor price of Rs 5,550 per share.