Persistent Systems Limited had tapped the capital markets with its IPO which opened on the 17th of March and closed on the 19th of March. The issue comprised of a fresh off and an offer for sale totalling 54.19 lakh shares in a price band of Rs 290-310. The issue was subscribed by over 93 times and received excellent support.

The issue listed today on the BSE at Rs 400 and Rs 361.60 on the NSE. The high was Rs 448 on the BSE and Rs 447.30 on the NSE respectively. The share has in the first one of hour of trade seen brisk trading and the combined volume is 116 lakh shares which is 2.15 times the IPO size.

Exchange	Open	High	Low	Close	Net Change	% gain	Volume	Wt Avg
BSE	400.00	448.00	386.00	419.40	109.40	35.29	4374128	426.74
NSE	361.60	447.30	361.60	418.50	108.50	35.00	7265121	425.38
Total							11639249

The share after opening within minutes of trading registered its high and then came off as sharply as it rose and has then settled down. At the current price of Rs 419 the share is trading with a gain of over 35%. The performance so far is creditable. More on Peristent at the end of day when delivery data is available.