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IRIS Business Services IPO is a fixed price issue of ₹16.01 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹16.01 crore.
IRIS Business Services IPO bidding started from Sep 29, 2017 and ended on Oct 4, 2017. The shares got listed on BSE SME on Oct 11, 2017.
IRIS Business Services IPO price is ₹32.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Asit C.Mehta Investment Interrmediates Ltd..
Refer to IRIS Business Services IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 4, 2017 |
| Listing Date | October 11, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,04,000 shares (aggregating up to ₹16.01 Cr) |
| Reserved for Market Maker | 2,60,000 shares Asit C.Mehta Investment Interrmediates Ltd. (aggregating up to ₹0.8320 Cr) |
| Net Offered to Public | 47,44,000 shares (aggregating up to ₹15.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,38,75,162 shares |
| Share Holding Post Issue | 1,88,79,162 shares |
IRIS Business IPO offers total 50,04,000 shares. Out of which 23,72,000 (47.40%) allocated to NII, 23,72,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,60,000 (5.20%) |
| NII (HNI) Shares Offered | 23,72,000 (47.40%) |
| Retail Shares Offered | 23,72,000 (47.40%) |
| Total Shares Offered | 50,04,000 (100.00%) |
IRIS Business Services IPO opens on September 29, 2017, and closes on October 4, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Wed, Oct 4, 2017 |
| Tentative Listing Date | Wed, Oct 11, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 4, 2017 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in 2000, IRIS Business Services Limited engaged in providing software products, services and solutions for compliance, data, and analytics worldwide. They offers IRIS iDEAL- a regulation reporting application for banks and financial institutions; IRIS iFILE- an end to end data filing platform for regulators and IRIS CARBON - a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs.
They serves enterprises, business registers, central banks, stock exchanges, BFSI organizations and governments. They also provide solutions to the regulated, including corporates, Banks, Mutual Funds. They are operating in the domestic as well as overseas markets.
The company also provides IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies; IRIS FinX - an integrated consolidation application which enables end to end financial reporting by extracting data from source ERP systems, multiple databases, or spreadsheets; and IRIS GST - an application to file GST as well as XBRL conversion, consulting and training services.
The Company IRIS Business Services IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of debt | 3.00 |
| 2 | Sales & Marketing | 4.00 |
| 3 | Product Development | 5.00 |
| 4 | General Corporate Purpose | 3.51 |
[Dilip Davda] Highly priced issue with negative earnings may be given a miss. Read detail review...
| Listing Date | October 11, 2017 |
| BSE Script Code | 540735 |
| NSE Symbol | IRIS |
| ISIN | INE864K01010 |
| Final Issue Price | ₹32 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹34.00 |
| Low | ₹34.00 |
| High | ₹38.40 |
| Last Trade | ₹35.35 |
IRIS Business Services Ltd.
T-131 Tower 1 3rd Floor Vashi,
International Infotech Park,
Navi Mumbai
Mumbai, Maharashtra, 400703
Phone: 022 6723 1000
Email: cs@irisindia.net
Website: http://www.irisbusiness.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: irisbusiness.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IRIS Business Services IPO is a SME IPO of 50,04,000 equity shares of the face value of ₹10 aggregating up to ₹16.01 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on September 29, 2017, and closes on October 4, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in IRIS Business Services IPO using UPI as a payment gateway. Zerodha customers can apply in IRIS Business Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IRIS Business Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IRIS Business Services IPO opens on September 29, 2017 and closes on October 4, 2017.
IRIS Business Services IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in IRIS Business Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IRIS Business Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IRIS Business Services IPO allotment status.
The IRIS Business Services IPO listing date is on Wednesday, October 11, 2017.
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