IPO

IRIS Business Services Ltd

  • Registered Office: T-131 Tower 1 3rd Floor Vashi,International Infotech Park, Navi Mumbai - 400703, Maharashtra, India. Phone :    Fax:
  • Email : NA
  • Website :NA
Public issue of 50,04,000 equity shares of face value of Rs. 10/- each ("equity shares") of IRIS Business Services Limited (the "company" or the "issuer") for cash at a price of Rs. 32/- per equity share, including a share Premium of Rs. 22/- per equity share (the "issue price"), aggregating Rs. 16.01 Crores ("the issue"), of which 2,60,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 32/- per equity share, aggregating Rs. 0.83 Crores will be reserved for subscription by the market maker to the issue (the "market maker Reservation portion") the issue less market maker reservation i.e. Issue of 47,44,000 equity shares of face Value of Rs. 10 each for cash at a price of Rs. 32/- per equity share, aggregating Rs. 15.18 Crores is hereinafter Refered to as the "net issue". The issue and the net issue will constitute 26.51% and 25.13% respectively of the Fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 32 is 3.2 times of the face value of the equity shares.
Issue
Opens On Closes On
29-Sep-17 04-Oct-17
Money Payable On
Application Allotment
32.00 0.00
Minimum Application for shares in Nos : 4000 Further Multiples of : 4000
Cr Lead Managers to the Issue
Project Cost (.Cr) 16.01 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 16.01  
Post Issue Equity Share Capital (.Cr) 18.88
Issue Price () 32.00
Projects
Repayment of debt
Sales & Marketing
Product Development
General Corporate Purpose
Promoted By
Swaminathan Subramaniam
Deepta Rangarajan
Balachandran Krishnan
Listing At
BSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd