IRIS Business Services Ltd IPO

Add to Calendar 2017-09-29 12:00 AM 2017-10-04 12:00 AM Asia/Kolkata IRIS Business Services Ltd IPO IRIS Business Services Ltd India

IRIS Business Services Limited is a global provider of software products for compliance, data and analytics. The company is headquartered in Mumbai.

Date of establishment: IRIS Business Services was established in 2000.  

Product & Service Offering: IRIS Business Services products such as iFile, iDeal and Carbon for creation and collection of regulatory data.

Promoters of IRIS Business Services Ltd.: The promoters of the firm are Mr. Swaminathan Subramanian, Ms. Deepta Rangarajan and Mr. Balachandran Krishnan.

Customer segment: The company offers its services to regulators including central banks, capital market regulators, business registries and stock exchanges.

Objects of the Issue: The objects of the issue are:
-      Repayment of debt
-      Marketing expenditure
-      Product development cost
-      General corporate purposes


Company Profile:


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Issue Detail

  • Issue Open: Sep 29, 2017
  • Issue Close: Oct 04, 2017
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 34 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 16.01 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Day 0 - Sep 29, 2017IST 0 0 24,000 - - 24,000
Day 1 - Oct 03, 2017IST 0 996,000 244,000 - - 1,240,000
Day 2 - Oct 04, 2017IST 476,000 9,768,000 1,332,000 - - 11,576,000

Listing Day Trading Information

Issue Price Rs 34.00 -
Open Rs 34.00 -
Low Rs 34.00 -
High Rs 38.40 -
Last Trade Rs 35.35 -
Volume 924,000 -

IRIS Business Services Ltd Red Herring Prospectus

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Frequently Asked Questions

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