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IRIS Business Services Ltd IPO
BSE SMERs 1,28,000 / 4000 Shares
IRIS Business Services Ltd IPO Details
The IRIS Business Services Ltd IPO price band is set between Rs 32 Per Equity Share, with a face value of Rs 10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 29 Sep, 2017 and closes on 4 Oct, 2017. Investors can check the allotment status on 9 Oct, 2017, while the listing date is tentatively scheduled for 12 Oct, 2017.
The total issue size is 50,04,000 Equity Shares of Rs 10 aggregating up to Rs 16.01 Cr, aggregating up to . Stay tuned for the latest IRIS Business Services Ltd IPO review and GMP updates.
IRIS Business Services Ltd IPO Review, Rating & Analysis
IRIS Business Services Ltd IPO Review
NO REVIEWIRIS Business Services Ltd IPO Rating
IRIS Business Services Ltd IPO Highlights
IPO Date
Sep 29, 2017 - Oct 4, 2017
Listing Date
12 Oct, 2017
Face Value
Rs 10 Per Equity Share
Price Band
Rs 32 Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
IRIS Business Services Ltd IPO Lot Size
The minimum market lot for IRIS Business Services Ltd IPO is 4000 shares with an application amount of ₹1,28,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,28,000 |
| Retail (Max) | 1 | 4000 | ₹1,28,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,56,000 |
| S-HNI (Max) | 7 | 28000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 32000 | ₹10,24,000 |
IRIS Business Services Ltd IPO Timeline
Issue Price
Rs 32 Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
BSE SMERegistrar
Link Intime India Private LtdLead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITEDIssue Size
50,04,000 Equity Shares of Rs 10 aggregating up to Rs 16.01 CrPromoters & Share Holding
Promoter(s) Name
- Mr. Swaminathan Subramaniam
- Ms. Deepta Rangarajan
- Mr. Balachandran Krishnan
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
IRIS Business Services Ltd IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 23,72,000 | 23,72,000 | 47,44,000 |
Day 1 -29-09-17 | 0.0 x | 0.01 x | 0.005 x |
Day 2 -03-10-17 | 0.42 x | 0.10 x | 0.26 x |
Day 3 -04-10-17 | 4.32 x | 0.56 x | 2.44 x |
Day 4 -05-10-17 | N/A x | N/A x | N/A x |
Frequently Asked Questions about IRIS Business Services Ltd IPO IPO
When will IRIS Business Services Ltd IPO open for subscription?
The IRIS Business Services Ltd IPO opens on 29 Sep, 2017 and closes on 4 Oct, 2017.
What is the investors portion for IRIS Business Services Ltd IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2372000.
How to apply for IRIS Business Services Ltd IPO?
You can apply for IRIS Business Services Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of IRIS Business Services Ltd IPO?
The issue size of IRIS Business Services Ltd IPO is approx ₹50,04,000 Equity Shares of Rs 10 aggregating up to Rs 16.01 Cr crores.
What is the price band of IRIS Business Services Ltd IPO?
The price band for IRIS Business Services Ltd IPO is Rs 32 Per Equity Share to ₹undefined.
What is the lot size of IRIS Business Services Ltd IPO?
The minimum bid (lot size) for IRIS Business Services Ltd IPO is 4000 shares with an investment of approx Rs 1,28,000 .
What is the allotment date of IRIS Business Services Ltd IPO?
The allotment date for IRIS Business Services Ltd IPO is 9 Oct, 2017.
What is the listing date of IRIS Business Services Ltd IPO?
The listing date for IRIS Business Services Ltd IPO is expected to be 12 Oct, 2017.
What is the GMP of IRIS Business Services Ltd IPO?
The latest Grey Market Premium (GMP) for IRIS Business Services Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.