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

Issue Open	Oct 10, 2018 - Oct 12, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	1,230,400 Eq Shares of Rs 10 (aggregating up to Rs 11.07 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 90 Per Equity Share
Market Lot	1600 Shares
Min Order Quantity	1600 Shares
Listing At	NSE SME

Iris Clothings DoReMe IPO Tentative Date / Timetable

Bid/Offer Opens On	Oct 10, 2018
Bid/Offer Closes On	Oct 12, 2018
Finalisation of Basis of Allotment	Oct 17, 2018
Initiation of Refunds	Oct 17, 2018
Credit of Shares to Demat Acct:	Oct 19, 2018
IPO Shares Listing Date:	Oct 23, 2018

Iris Clothings DoReMe IPO Subscription Status (Bidding Detail)

Iris Clothings DoReMe IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	584,000	584,000	1,168,000
Oct 12, 2018 17:00	2.01x	0.27x	1.14x

Iris Clothings DoReMe IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Iris Clothings DoReMe IPO Rating

4.0

Rating:

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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
› Issue Price: Rs 90 Per Equity Share
› Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 90.00
Open:	Rs 92.00
Low:	Rs 89.00
High:	Rs 92.00
Last Trade:	Rs 90.00
Volume:	35,200

Iris Clothings DoReMe IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

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
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com

Iris Clothings DoReMe IPO Lead Manager(s)

VC Corporate Advisors Pvt Ltd (VCAPL)

Lead Manager Reports

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