|
|
|
Issue Open Date
|
29-Sep-17
|
|
|
|
Issue Closing Date
|
04-Oct-17
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
32
-
|
|
|
|
Minimium Application No.
|
4000
|
|
|
|
Issue Size (Shares)
|
5004000
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
Objective
|
|
Requirement of FundsThe proceeds of the Issue, after deducting Issue related expenses, are estimated to be 1551.28 lakhs(the Net Proceeds)We intend to utilize the Net Proceeds towards the following objects:1. Repayment of debt2. Sales & Marketing3. Expenditure on Product Development4. General Corporate Purpose.
|
|
|
|
|
|
|
Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
|
|
|
|
Qualified Institutional Buyers
|
|
|
|
|
Retail Individual Investors
|
|
|
|
|
|
|
|
Business Description
OVERVIEWIncorporated in 2000, our Company, IRIS Business Services Limited is a global provider of softwareproducts for compliance, data and analytics. We have developed a name for ourselves in the globalRegTech Industry with a range of products that straddle the length of the information supply chain.We cater to Regulators including Central Banks, Business Registries, Capital Market Regulators andStock Exchanges. We also provide solutions to the regulated, including Corporates, Banks, MutualFunds. We are operating in the domestic as well as overseas markets.Our Company was founded by Mr. Swaminathan Subramaniam, Mr. Balachandran Krishnan and Ms.Deepta Rangarajan in the year 2000. Initially we focused on providing XBRL (eXtensible BusinessReporting Language – an XML based information standard) related services and consultancy to ourdomestic and overseas clients. We changed our business model from a services provision model to aproduct based model in the year 2015, we also ventured beyond XBRL into other informationstandards such as JSON etc, which for example, is used by for GST filings in India.Our business is made up of three segments which we call Collect, Create and Consume. Most of ourrevenues today come from three products: iFile, the flagship product of the ?Collect? divisiondeployed to help regulators collect data from those that they regulate; iDeal and Carbon, the twomain products of the ?Create? Division, used by banks and enterprises respectively to generate readyto file submissions to regulators.We have recently launched a filing platform IRISGST to help businesses comply with the GSTregime. Under development is a data repository which we call DCP, off which, products of the?Consume? segment of our firm will be built.The company headquartered in Mumbai, India with subsidiaries in United States, Singapore andItaly.We are active in the global XBRL community. We have over eighteen years of experience in thefinancial information management space, providing customized technology solutions for data andcontent management, for the dissemination of information to investors and stock exchanges, and foreffective content management to institutional clients. Over the last ten years, the company has beenvery closely involved in the XBRL space, in taxonomy creation, software solutions and in theconversion of structured and unstructured data into XBRL for regulatory filing across the world. IRIShas multidisciplinary skills, taxonomy experts, software engineers, business analysts, accountants anddata scientists have come together to provide a complete range of products and services across thelength of the information supply chain.
|
|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
|
|
|
|
Offered to Public
|
|
|
|
|
Promoter's Holding (Pre-Issue)
|
|
|
|
|
Promoter's Holding (Post-Issue)
|
|
|
|
|
|
|
|
|
|
|
|
Address |
T-131
Tower 2
3rd Floor
International Infotech Park
Vashi
Navi Mumbai,
Maharashtra,
400703
Phone : 022-67231000
Email : cs@irisbusiness.com
Website : www.irisbusiness.com
|
|
|
Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
|
|
|
Listed at |
|
BSE
|
|
|
Lead Manager |
|
Pantomath Capital Advisors Pvt Ltd.
|
|
|
Promoters |
Balachandran Krishnan
Deepta Rangarajan
Swaminathan Subramaniam
|
|
