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IRIS Business IPO is a fixed price issue of Rs 16.01 crores.
IRIS Business IPO bidding started from September 29, 2017 and ended on October 4, 2017. The shares got listed on BSE SME on October 11, 2017.
IRIS Business IPO price is ₹34 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹136,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the IRIS Business IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to IRIS Business IPO RHP for detailed information.
| IPO Date | September 29, 2017 to October 4, 2017 |
| Listing Date | October 11, 2017 |
| Face Value | ₹10 per share |
| Price | ₹34 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 5,004,000 shares (aggregating up to ₹16.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹136,000 |
| Retail (Max) | 1 | 4000 | ₹136,000 |
| Lot Size Calculator | |||
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 object of the issue are:
1. Repayment of debt
2. Sales & Marketing
3. Expenditure on Product Development
4. General Corporate Purpose
[Dilip Davda] Highly priced issue with negative earnings may be given a miss. Read detail review...
The IRIS Business IPO is subscribed times on October 4, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 11, 2017 |
| BSE Script Code | 540735 |
| NSE Symbol | IRIS |
| ISIN | INE864K01010 |
| Final Issue Price | ₹34 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹34.00 |
| ₹34.00 |
| ₹34.00 |
| ₹38.40 |
| ₹35.35 |
IRIS Business Services Ltd
T-131 Tower 1 3rd Floor Vashi,
International Infotech Park,
Navi Mumbai - 400703
Phone: 022 6723 1000
Email: cs@irisindia.net
Website: http://www.irisbusiness.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: irisbusiness.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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IRIS Business IPO is a SME IPO of 5,004,000 equity shares of the face value of ₹10 aggregating up to ₹16.01 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 29, 2017, and closes on October 4, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The IRIS Business IPO opens on September 29, 2017 and closes on October 4, 2017.
IRIS Business IPO lot size is 4000 Shares, and the minimum amount required is ₹136,000.
You can apply in IRIS Business IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IRIS Business IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IRIS Business IPO allotment status.
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RHP
Can you please give update on date of results of IRIS coming out?