IRIS Business IPO: GMP, Price, Size & Dates

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IRIS Business Services Limited, established in 2000, is a global provider of software products, services, and solutions for compliance, data, and analytics. The company offers a range of innovative products, including IRIS iDEAL, a regulation reporting application designed for banks and financial institutions, IRIS iFILE, an end-to-end data filing platform for regulators, and IRIS CARBON, a cloud-based filing platform that assists companies and mutual funds in meeting their enterprise reporting requirements. They serve enterprises, business registers, central banks, stock exchanges, BFSI organizations, and governments, both domestically and overseas. 

In addition to their software products, IRIS Business Services Limited also provides several other solutions, such as the IRIS Data Consumption Platform, which is a structured data repository that enables access to financial and non-financial data of public and private companies. The company’s IRIS FinX is an integrated consolidation application that facilitates end-to-end financial reporting by extracting data from source ERP systems, multiple databases, or spreadsheets. They also offer IRIS GST, an application that assists in filing GST, XBRL conversion, consulting, and training services. IRIS Business Services Limited caters to a wide range of clients, including corporates, banks, mutual funds, and other regulated entities. 

IRIS Business

IRIS Business IPO Details 

IPO Date Sep 29, 2017 to Oct 4, 2017 
Listing Date Oct 11, 2017 
Face Value ₹10 per share 
Price ₹34 per share 
Lot Size 4000 Shares 
Total Issue Size 5,004,000 shares 
(aggregating up to ₹16.01 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At BSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

IRIS Business IPO Listing Details 

Listing Date Oct 11, 2017 
BSE Script Code 540735 
NSE Symbol IRIS 
ISIN INE864K01010 
Final Issue Price ₹34 per share 

Industry Overview 

The regulatory compliance and reporting industry is a rapidly growing sector, driven by a range of factors such as globalization, increasing regulatory oversight, and technological advancements. The industry is characterized by the need for accurate and timely reporting across various sectors, including banking, finance, healthcare, and others. 

The Indian regulatory compliance and reporting industry is expected to grow at a compound annual growth rate (CAGR) of 20% over the next few years, driven by the implementation of new regulations, increasing demand for compliance solutions, and the growing adoption of cloud-based technologies. This growth is expected to be particularly strong in sectors such as banking, financial services, and insurance, where regulatory compliance is a critical aspect of operations. 

Company Financials 

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 

Objects of the Issue 

The object of the issue are: 

1. Repayment of debt 
2. Sales & Marketing 
3. Expenditure on Product Development 
4. General Corporate Purpose 

IRIS Business IPO Prospectus

Company Contact Information

IRIS Business Services Ltd
T-131 Tower 1 3rd Floor Vashi,
International Infotech Park,
Navi Mumbai – 400703
Phone: 022 6723 1000

IRIS Business IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

IRIS Business IPO Lead Manager(s)

  1. Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)


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