IPO Details

IRIS Business Services Ltd
Registered Office: T-231 Tower 2 3rd Floor Vashi, International Infotech Park, Navi Mumbai - 400703, Maharashtra
Phone: 91-022-67231000
Email: cs@irisbusiness.com
Website: www.irisbusiness.com
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		Money Payable On
Opens On	Closes On	Application	Allotment
29-Sep-2017	04-Oct-2017	₹ 32.00	₹ 0.00

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