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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
| IRIS Business IPO Date | Sep 29, 2017 to Oct 4, 2017 |
| IRIS Business IPO Face Value | ₹10 per share |
| IRIS Business IPO Price | ₹34 per share |
| IRIS Business IPO Lot Size | 4000 Shares |
| Issue Size | 5,004,000 shares of ₹10 (aggregating up to ₹16.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mr. Swaminathan Subramaniam |
The IRIS Business IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹136,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹136,000 |
| Maximum | 1 | 4000 | ₹136,000 |
Highly priced issue with negative earnings may be given a miss. Read detail review...
The IRIS Business IPO is subscribed times on Oct 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 | Wednesday, October 11, 2017 |
| BSE Script Code | 540735 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE864K01010 |
| IPO Price | ₹34 per share |
| Face Value | ₹10 per share |
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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/
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 Sep 29, 2017, and closes on Oct 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 Sep 29, 2017 and closes on Oct 4, 2017.
IRIS Business IPO lot size is 4000 Shares and the minimum order quantity is .
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, Edelweiss, 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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Can you please give update on date of results of IRIS coming out?