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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 Promoters:

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

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

IPO Opening Date Oct 10, 2018
IPO Closing Date Oct 12, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹90 per equity share
Market Lot 1600 Shares
Min Order Quantity 1600 Shares
Listing At NSE SME
Issue Size1,230,400 Eq Shares of ₹10
(aggregating up to ₹11.07 Cr)

Iris Clothings DoReMe IPO Tentative Timetable

The Iris Clothings DoReMe IPO open date is Oct 10, 2018, and the close date is Oct 12, 2018. The issue may list on Oct 23, 2018.

IPO Open Date Oct 10, 2018
IPO Close Date Oct 12, 2018
Basis of Allotment Date Oct 17, 2018
Initiation of Refunds Oct 17, 2018
Credit of Shares to Demat Account Oct 19, 2018
IPO Listing Date Oct 23, 2018

Iris Clothings DoReMe IPO Lot Size

The Iris Clothings DoReMe IPO market 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 (Cut-off)
Minimum 1 1600 ₹144,000
Maximum 1 1600 ₹144,000

Iris Clothings DoReMe IPO Subscription Status (Bidding Detail)

The Iris Clothings DoReMe IPO is subscribed 1.14 times on 10/12/2018 5:00:00 PM. The public issue subscribed 0.27 in the retail category, in the QIB category, and 2.01 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 equity share
Face Value ₹10 per equity 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://online.cameoindia.com/

Iris Clothings DoReMe IPO Reviews / Ratings

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 equity 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 1600 Shares.

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.

Iris Clothings DoReMe IPO Message Board

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3 Comments

3. Hiteshji |Oct 10, 2018 8:34:51 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Strictly avoid all ipos till november.
2. Carn Mohan |Oct 5, 2018 11:13:43 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Good products good company good ipo
1. GrowYourMoney |Oct 3, 2018 8:13:10 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
On lighter Note..

Public ke Kapde utre hue hain...

Lagta hai Co soch rahi hai ki ab Kapde jyada bikenge...