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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

Issue OpenOct 10, 2018 - Oct 12, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,230,400 Eq Shares of Rs 10
(aggregating up to Rs 11.07 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 90 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME

Iris Clothings DoReMe IPO Tentative Date / Timetable

Bid/Offer Opens OnOct 10, 2018
Bid/Offer Closes OnOct 12, 2018
Finalisation of Basis of AllotmentOct 17, 2018
Initiation of RefundsOct 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




Shares Offered




Oct 12, 2018 17:00




Iris Clothings DoReMe IPO Prospectus

Iris Clothings DoReMe IPO Rating

Rating:Rated 4.0 stars

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Iris Clothings DoReMe IPO Listing Date

Listing DateTuesday, October 23, 2018
BSE Script Code
Listing In
Issue PriceRs 90 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

Issue Price
Last Trade
Issue Price:Rs 90.00
Open:Rs 92.00
Low:Rs 89.00
High:Rs 92.00
Last Trade:Rs 90.00

Iris Clothings DoReMe IPO Reviews / Ratings

Company Contact Information

Iris Clothings Limited
103/24/1, Foreshore Road
Shibpur, Binani Metal Compound
Howrah, West Bengal- 711102

Phone: +91-33-26373856

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

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Iris Clothings DoReMe IPO Review / Comments

3. Hiteshji  Oct 10, 2018 19:34 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Strictly avoid all ipos till november.
Carn Mohan
2. Carn Mohan  Oct 5, 2018 10:13 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Good products good company good ipo
1. GrowYourMoney  Oct 3, 2018 19:13 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
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