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Iris Clothings Limited IPO (Iris Clothings DoReMe IPO) Detail

October 10, 2018 - October 12, 2018

Iris Clothings DoReMe IPO is a fixed price issue of Rs 11.07 crores.

Iris Clothings DoReMe IPO bidding started from October 10, 2018 and ended on October 12, 2018. The allotment for Iris Clothings DoReMe IPO was finalized on Wednesday, October 17, 2018. The shares got listed on NSE SME on October 23, 2018.

Iris Clothings DoReMe IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000.

Vc Corporate Advisors Pvt Ltd (Vcapl) is the book running lead manager of the Iris Clothings DoReMe IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Iris Clothings DoReMe IPO RHP for detailed information.

Iris Clothings DoReMe IPO Details

IPO Date October 10, 2018 to October 12, 2018
Listing Date October 23, 2018
Face Value ₹10 per share
Price ₹90 per share
Lot Size 1600 Shares
Total Issue Size1,230,400 shares
(aggregating up to ₹11.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion62,400 shares

Iris Clothings DoReMe IPO Reservation

Iris Clothings DoReMe IPO offers 1,230,400 shares. 584,000 (47.46%) to NII, 584,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered62,400 (5.07%)
Other Shares Offered584,000 (47.46%)
Retail Shares Offered584,000 (47.46%)
Total Shares Offered1,230,400 (100%)

Iris Clothings DoReMe IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, October 10, 2018
IPO Close Date Friday, October 12, 2018
Basis of Allotment Wednesday, October 17, 2018
Initiation of Refunds Wednesday, October 17, 2018
Credit of Shares to Demat Friday, October 19, 2018
Listing Date Tuesday, October 23, 2018
Cut-off time for UPI mandate confirmation 5 PM on October 12, 2018

Iris Clothings DoReMe IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About Iris Clothings Limited

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 (Iris Clothings DoReMe IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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 October 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)
Other2.01
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 Details

Listing Date October 23, 2018
BSE Script Code
NSE Symbol IRISDOREME
ISIN INE01GN01017
Final Issue Price ₹90 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹90.00
₹92.00
₹89.00
₹92.00
₹90.00

Check IPO Performance…

Iris Clothings Limited Contact Details

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 - Buy or Not

Iris Clothings DoReMe IPO Recommendation Summary

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Members 0 0 0

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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 October 10, 2018, and closes on October 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 October 10, 2018 and closes on October 12, 2018.

Iris Clothings DoReMe IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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3 Comments

3. Hiteshji |   Link |  Bookmark |October 10, 2018 7:34:51 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Strictly avoid all ipos till november.
2. Carn Mohan |   Link |  Bookmark |October 5, 2018 10:13:43 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Good products good company good ipo
1. GrowYourMoney |   Link |  Bookmark |October 3, 2018 7:13:10 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
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