IRIS Global Services Limited, a B2B information and communication technology (ICT) distribution company, has filed its updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
The proposed Offer comprises a fresh issue of equity shares aggregating ₹200 crore and an Offer for Sale (OFS) of up to 50,000,000 equity shares with a face value of ₹2 each by existing shareholders.
The company plans to utilise the net proceeds from the fresh issue towards funding its working capital requirements and general corporate purposes.
IRIS Global Services connects technology brands and original equipment manufacturers with regional distributors, stockists, system integrators and value-added resellers across India. The company distributes ICT products and technology solutions across multiple categories and provides value-added services including logistics and fulfilment, credit support, channel partner enablement, warranty and annual maintenance support.
The company operates within India’s ICT distribution ecosystem, serving as an integration layer between technology vendors and channel partners and supporting product launches, market expansion and technology adoption.
Pantomath Capital Advisors Private Limited is the sole Book Running Lead Manager to the Offer.
