IRIS Business Services IPO

IRIS Business Services IPOBusiness 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

IRIS Business Services IPO details

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]


Subscription (no. of times)

Day 1 0.00
Day 2 0.24
Day 3 2.31


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[email protected]

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: INR34.1 per share (up 6.56% from IPO price)


Please enter your comment!
Please enter your name here