New York Stock Exchange · Financial Services
Invest in Iris Acquisition Corp II stock from India
Indian and foreign residents can buy Iris Acquisition Corp II (IRAB) shares directly through Paasa.
By Paasa · Updated
Iris Acquisition Corp II at a glance
- Price
- $10.00-$0.12 (1.19%)
- Market cap
- $172.88M
- Day range
- $10.00 – $10.15
- P/E
- 94.52
- Dividend yield
- None
- Volume
- 121.00
How to invest in Iris Acquisition Corp II from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search IRAB and buy
Find Iris Acquisition Corp II by name or by its ticker, IRAB, and place your order. Fractional shares are available and there is no minimum trade size, so you can buy by amount instead of whole shares.
Why invest in Iris Acquisition Corp II from India
What Iris Acquisition Corp II does
Iris Acquisition Corp II focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Iris Acquisition Corp II was incorporated in 2025 and is based in Dubai, United Arab Emirates. Iris Acquisition Corp II operates in the Shell Companies industry within the Financial Services sector.
Hold a dollar asset
Iris Acquisition Corp II shares are priced in US dollars, so a weaker rupee adds to what they're worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a share
Buy by amount, not by share, and get the matching fraction of one Iris Acquisition Corp II share. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Iris Acquisition Corp II stock from India?
Yes. Indian residents and NRIs can buy Iris Acquisition Corp II (IRAB) shares directly through Paasa. Iris Acquisition Corp II is listed on the New York Stock Exchange, in the Shell Companies industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Iris Acquisition Corp II share?
No. You can buy part of one Iris Acquisition Corp II share and add to your position over time. One share is $10.00, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Iris Acquisition Corp II dividends taxed for Indian investors?
Iris Acquisition Corp II trades on the New York Stock Exchange but is domiciled in United Arab Emirates, so any withholding on its dividends follows that country's rules rather than those of the US. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Iris Acquisition Corp II shares?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.