IRIS Global Services Limited is a (B2B) business-to-business information and communication technology (ICT) distribution company which connects original equipment manufacturers (“OEMs” or “Technology Brands”) with a diversified network comprising regional distributors, stockist partners, system integrators and value-added resellers (collectively “Channel Partners”) across India (source: F&S Report).
The company has filed Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”)., proposing to raise ₹200 crore through a fresh issue, along with an Offer for Sale (OFS) of up to 50,000,000 shares with face value Rs.2 each share by existing shareholders
Company proposes to utilize the Net Proceeds from the Offer towards funding the working capital requirements of company and General Corporate Purposes.
IRIS Global Services facilitate the distribution of ICT products and technology solutions across multiple product categories, complement range of value-added capabilities, including logistics and fulfilment, credit support, Channel Partner enablement, warranty and annual maintenance support services. The ICT distribution market serves as a critical integration layer between global technology vendors and the broader channel ecosystem. Long-standing relationships between vendors, distributors, and channel partners have created a mature and scalable route-to-market model that facilitates product launches, market expansion, and technology adoption across diverse customer segments (Source: F&S Report).
Pantomath Capital Advisors Private Limited is the sole Book Running Lead Managers (BRLMs) to the issue.
