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Iris Clothings Limited IPO (Iris Clothings DoReMe IPO) Detail

Oct 10, 2018 - Oct 12, 2018

Incorporated in 2004, Kolkata based Iris Clothing Limited is a company engaged in the business of Manufacturing, Designing, Branding and Selling of Kids Wear. The company sells its products under the brand name DoReMe in India.

The company makes different kinds of products for kids wear including Tops, T-shirts, Pants, Dresses, Shorts, Frocks, and Towels etc.

Iris Clothing has an active distribution network of over 60 distributors across cities with reach to more than 4,000+ retailers.

The total revenue of the company ( as restated) for the year 2018, 2017 and 2016 were Rs. 5,310.12 lakhs, Rs. 4,689.14 and Rs. 3,699.20 respectively.

The restated PAT for the year 2018, 2017 and 2016 were Rs. 337.09 lakhs, Rs. 159.73 lakhs and Rs. 64.61 lakhs respectively.

The company has more than 600 employees on its payroll.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,042.83 3,978.58 3,182.40 2,661.01 2,968.46 2,893.88
Total Revenue 1,484.70 5,310.12 4,689.14 3,699.20 3,009.49 2,498.51
Profit After Tax 117.08 337.90 159.73 64.61 24.23 68.08

Objects of the Issue

The objects of the Issue are to raise funds to meet-

1. Incremental working capital requirements
2. Issue Expenses
3. General corporate purposes

Iris Clothings DoReMe IPO Details

Iris Clothings DoReMe IPO Date Oct 10, 2018 to Oct 12, 2018
Iris Clothings DoReMe IPO Face Value ₹10 per share
Iris Clothings DoReMe IPO Price ₹90 per share
Iris Clothings DoReMe IPO Lot Size 1600 Shares
Issue Size1,230,400 shares of ₹10
(aggregating up to ₹11.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are Geeta Ladha and Santosh Ladha.

Iris Clothings DoReMe IPO Timeline (Tentative Timetable)

Iris Clothings DoReMe IPO opens on Oct 10, 2018, and closes on Oct 12, 2018. The Iris Clothings DoReMe IPO bid date is from Oct 10, 2018 10.00 A.M. to Oct 12, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Iris Clothings DoReMe IPO Opening Date Oct 10, 2018
Iris Clothings DoReMe IPO Closing Date Oct 12, 2018
Basis of Allotment Oct 17, 2018
Initiation of Refunds Oct 17, 2018
Credit of Shares to Demat Oct 19, 2018
Iris Clothings DoReMe IPO Listing Date Oct 23, 2018

Iris Clothings DoReMe IPO Lot Size

The Iris Clothings DoReMe IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹144,000
Retail (Max) 1 1600 ₹144,000

Iris Clothings DoReMe IPO Review

Issue is attractively priced. Encouraging financial track record indicates future prospects. LM’s track record is the concern.  Investors may consider investment in this kids wear sector issue for long term.

Read detail review...


Iris Clothings DoReMe IPO Subscription Status (Bidding Detail)

The Iris Clothings DoReMe IPO is subscribed 1.14 times on Oct 12, 2018 5:00:00 PM. The public issue subscribed 0.27 times in the retail category, times in the QIB category, and 2.01 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.01
Retail0.27
Total1.14

Iris Clothings DoReMe IPO Prospectus

Iris Clothings DoReMe IPO Rating

32
4.0
Rating:Rated 4.0 stars
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Iris Clothings DoReMe IPO Listing Date

Listing Date Tuesday, October 23, 2018
BSE Script Code
NSE Symbol IRISDOREME
Listing In
ISIN INE01GN01017
IPO Price ₹90 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹90.00
Open: ₹92.00
Low: ₹89.00
High: ₹92.00
Last Trade: ₹90.00

Company Contact Information

Iris Clothings Limited
103/24/1, Foreshore Road
Shibpur, Binani Metal Compound
Howrah, West Bengal- 711102
Phone: +91-33-26373856
Email: accounts@irisclothings.in
Website: http://www.doreme.in/

Iris Clothings DoReMe IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/

Iris Clothings DoReMe IPO Review

Iris Clothings DoReMe IPO Recommendation Summary

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Iris Clothings DoReMe IPO FAQs

Iris Clothings DoReMe IPO is a SME IPO of 1,230,400 equity shares of the face value of ₹10 aggregating up to ₹11.07 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Oct 10, 2018, and closes on Oct 12, 2018.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Iris Clothings DoReMe IPO opens on Oct 10, 2018 and closes on Oct 12, 2018.

Iris Clothings DoReMe IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Iris Clothings DoReMe IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Iris Clothings DoReMe IPO will be done on Oct 17, 2018, and the allotted shares will be credited to your demat account by Oct 19, 2018. Check the Iris Clothings DoReMe IPO allotment status.

The Iris Clothings DoReMe IPO listing date is on Tuesday, October 23, 2018.
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Iris Clothings DoReMe IPO Message Board

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3 Comments

3. Hiteshji |   Link |Oct 10, 2018 7:34:51 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Strictly avoid all ipos till november.
2. Carn Mohan |   Link |Oct 5, 2018 10:13:43 AM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Good products good company good ipo
1. GrowYourMoney |   Link |Oct 3, 2018 7:13:10 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
On lighter Note..

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