http://www.moneycontrol.com/news/ipo-issues-open/persistent-systems-fixes-ipo-price-band-at-rs-290-310sh_446490.html
Persistent Systems is one of the well-know software outsourcing companies. It is based out of Pune. The co-owner is one of my friends and ex-colleague, Dr. Shridhar Shukla. He has now moved on to start another company. regards, Samir