Business description from prospectus – IRIS Business Services Limited is a global provider of software products for compliance, data and analytics. The company caters to Regulators including Central Banks, Business Registries, Capital Market Regulators and Stock Exchanges. It also provides solutions to the regulated, including Corporates, Banks, Mutual Funds. The company is operating in the domestic as well as overseas markets.
The company was founded by Mr. Swaminathan Subramaniam, Mr. Balachandran Krishnan and Ms. Deepta Rangarajan in the year 2000. Initially, it focused on providing XBRL (eXtensible Business Reporting Language – an XML based information standard) related services and consultancy to its domestic and overseas clients. The company changed its business model from a services provision model to a product based model in the year 2015, and also ventured beyond XBRL into other information standards such as JSON etc, which for example, is used by for GST filings in India.
Promoters of IRIS Business Services – Mr Swaminathan Subramaniam, Ms Deepta Rangarajan And Mr Balachandran Krishnan
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IRIS Business Services IPO details |
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| Subscription Dates | 29 Sep – 4 Oct 2017 |
| IPO Price band | INR32 per share |
| Fresh issue | 5,004,000 shares (INR16.01 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,004,000 shares (INR16.01 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
| IRIS Business Services’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 62.9 | 67.7 | 55.7 | 32.8 | 27.3 | |
| Total expenses | 50.9 | 55.7 | 52.4 | 40.7 | 37.5 | |
| Profit after tax | 7.0 | 8.0 | 3.4 | 6.7 | -9.0 | |
IRIS Business Services Limited
T-231, Tower 2, 3rd Floor
International Infortech Park, Vashi Station
Thane, Maharashtra 400703
Phone: +91 22 6723 1000
Email: [email protected]
Website: www.irisbusiness.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.24 |
| Day 3 | 2.31 |
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Earnings Per Share (EPS): – INR6.94
Price/Earnings (P/E) ratio: NA
Return on Net Worth (RONW): -50.49%
Net Asset Value (NAV): INR13.76 per share
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
IRIS Business Services IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
IPO Opening Date: 29 September 2017
IPO Closing Date: 4 October 2017
Listing Date: 11 October 2017
Listing Price on BSE SME: INR34 per share (up 6.25% from IPO price)
Closing Price on BSE SME:Â INR34.1 per share (up 6.56% from IPO price)
