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.
The promoters of the company are Geeta Ladha and Santosh Ladha.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||117.08||337.90||159.73||64.61||24.23||68.08|
The objects of the Issue are to raise funds to meet-
1. Incremental working capital requirements
2. Issue Expenses
3. General corporate purposes
|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|
|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|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Oct 12, 2018 17:00
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