IRIS Business Services Ltd - Prospectus Synopsis

IRIS Business Services Ltd RHP

Registered Office : T-231 Tower 2 3rd Floor Vashi , International Infotech Park , Navi Mumbai - 400703 , Maharashtra , India.

Phone : 91-022-67231000  Fax : 91-022-27814434

Email : cs@irisindia.net    Website : www.irisbusiness.com

Public issue of 50,04,000 equity shares of face value of Rs. 10/- each (equity shares) of IRIS Business Services Limited (the company or the issuer) for cash at a price of Rs. 32/- per equity share, including a share Premium of Rs. 22/- per equity share (the issue price), aggregating Rs. 16.01 Crores (the issue), of which 2,60,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 32/- per equity share, aggregating Rs. 0.83 Crores will be reserved for subscription by the market maker to the issue (the market maker Reservation portion) the issue less market maker reservation i.e. Issue of 47,44,000 equity shares of face Value of Rs. 10 each for cash at a price of Rs. 32/- per equity share, aggregating Rs. 15.18 Crores is hereinafter Refered to as the net issue. The issue and the net issue will constitute 26.51% and 25.13% respectively of the Fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 32 is 3.2 times of the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
29-Sep-2017 04-Oct-2017 Rs 32 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 4000 Further Multiples of : 4000
  Rs Cr Lead Managers to the Issue
Project Cost 16.01 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 16.01  
Post Issue Equity Share Capital 18.88  
Issue Price Rs. 32  
Projects
Repayment of debt
Promoted By Listing At Registrar to the Issue
Balachandran Krishnan
Deepta Rangarajan
Swaminathan Subramaniam
BSE - SME Link Intime India Pvt Ltd
 

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