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IRIS Business Services IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 16.01 Cr. The company is based in Mumbai and caters to Information Technology - Data Solutions sector. Pantomath Capital Advisors is the merchant banker of IRIS Business Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 22nd September 2017.
IRIS Business Services IPO open date is 29th September 2017 and close date is 4th October 2017. IPO Allotment Date is 30th November -0001 and Listing date is 11th October 2017.
IPO
Size:
₹ 16.01 Cr.
Avg IPO Size (Sector Based)
: ₹
22.82 cr.
Sector: Information Technology - Data Solutions
SME
IPO so far:
49
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
104
City:
Mumbai
SME
IPO so far:
288
Revenue (annualised):
₹
27.54
cr. 
PE
Ratio:
0.00x
Average Sector PE Ratio: 18.48x
IRIS Business Services IPO size is ₹ 16.01 Cr. with IPO price of ₹ 34.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Pantomath Capital Advisors Private Limited is the book-running lead manager of the IRIS Business Services IPO. Link Intime India Private Limited is the Registrar and Market Maker is Asit C.Mehta Investment Interrmediates Limited for IRIS Business Services IPO.
IRIS Business Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
IRIS Business Services IPO, based in Mumbai, operates in the Information Technology - Data Solutions sector with a focus on software products for compliance data and analytics. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. IRIS Business Services IPO size is ₹ 16.01 Cr. with fresh issue size of ₹ 16 and Offer for sale being ₹ Nil
The IPO allotment date for IRIS Business Services IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check IRIS Business Services IPO allotment status on the registrars website, Link Intime India Private Limited . IRIS Business Services IPO refund dates are 30th November -0001.
IRIS Business Services IPO is expected to be listed on 11th October 2017.
The upper price band for the IRIS Business Services IPO is set at ₹ 34.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on IRIS Business Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the IRIS Business Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 4th October 2017. After submission, funds are blocked until the basis of allotment of IRIS Business Services IPO is finalised.
The merchant banker for IRIS Business Services IPO is Pantomath Capital Advisors Private Limited . Pantomath Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the IRIS Business Services IPO RHP for further details.
The registrar for IRIS Business Services IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to IRIS Business Services IPO through their official website or helpline.
IRIS Business Services IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 16.01 Cr.
Avg IPO Size (Sector Based)
:
₹ 22.82 Cr.
Sector: Information Technology - Data Solutions
SME
IPO so far:
49
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
104
City:
Mumbai
SME
IPO so far:
288
Revenue (annualised):
₹ 27.17 cr.
PE
Ratio:
0.00x
Average Sector PE Ratio: 18.48x
IRIS Business Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on IRIS Business Services Financial Review Page
Merchant Banker(s) of IRIS Business Services IPO: Pantomath Capital Advisors Private Limited
IRIS Business Services IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
IRIS Business Services IPO listed at a listing price of 35.35 against the offer price of 34.00.
The current market price of IRIS Business Services is 376.80.
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