Wednesday, April 07, 2010

Persistent Lists on the NSE & BSE!

It was a very proud moment for all of us at Persistent yesterday, with our company making a stunning listing on the stock exchange yesterday morning! Starting with around 380 against the IPO price of 310, the stock rose to 440 or so within a minute of opening trading, backed by huge demand. By the middle of the day, it had stabilized around 420, and ended the day at 408, an impressive gain of almost 30%.

I was at the function, and it was a very unique experience. The NSE building itself is beautiful, a huge foyer welcomes you, the glass and marble spick and span, the grandeur of the building so completely representing the bold, new India. The function was meeticulously planned, all speakers on the dias given no more than 3 minutes, and at the end of a countdown from 10, at the stroke of 9.00 am, amidst loud cheering and clapping, Anand rang the bell to signal start of trading, and the listing of the company on the bourses. Within microseconds, the screen was flashing the Nifty and the PSL stock ticker and trading was on in full flow - just another day at work in one of the most sophisticated stock exchanges in the world. Awesome moment.

Some pictures from the function below - excuse me for the poor quality of the pics, the lighting wasn't good enough for my cell, and maybe my hands were shivering a little with all the excitement :)


The impressive foyer of the NSE building at the Bandra Kurla Complex in Mumbai.


Here I am, proudly standing beside our banner in the foyer of the NSE building.


The listing ceremony is kicked off. It is interesting to note how many women hold key positions in the Indian financial system!


Anand addresses the small, exclusive gathering moments before the listing. Speakers had no more than 3 minutes, keeping the hard stop of 900 am in mind.


Anand and Dada ring the bell to signal the listing and start of trading. The rest of us were simply thrilled to be rich :)


Moments after the stock went online, it had hit 440.

8 comments:

Anonymous said...

Yipeeeeeeee!! Persistent totally rocks! Feel so proud...

Unknown said...

Congratulations PSL! :)

Shruti said...

Congratulations to all Persistians!!! I am so happy to have been a part of it..! This is awesome!!!

Anonymous said...

I would like to exchange links with your site siddhesh-k3g.blogspot.com
Is this possible?

Siddhesh said...

Sure, why not, but shouldn't I expect to know who you are what links you want to exchange? :)

Siddhesh said...

Sure, why not, but shouldn't I expect to know who you are what links you want to exchange? :)

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