Mumbai: Pune-based software product development company Persistent Systems is all set to list its equity shares on April 6, 2010. The issue price is fixed at Rs 310, at higher end of price band of Rs 290-310 per share. The company had entered capital market with a public issue of 54,19,706 equity shares. The issue, which opened during March 17-19, was subscribed 93.6 times on the back of QIB support. Qualified institutional investors' reserved portion got subscribed 144.43 times, and non-institutional investors 107.73 times & retail 21.7 times. The company had managed to raise more than 168 crore through this issue, which included 39.7 crore towards offer for sale of 12,80,706 equity shares by Dr Shridhar Bhalchandra Shukla, Vijayalaxmi Shridhar Shukla and Ashutosh Vinayak Joshi. The balance amount of Rs 128.31 crore will be used for further objects - establish development facilities; capitalise subsidiaries for establishing development facilities and meeting fit outs and interior design costs; procure hardware and fund expenditure for general corporate purposes. Persistent is an OPD specialty company, offering customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers’ existing software products, reports Moneycontrol.com