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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) | |||||
|---|---|---|---|---|---|---|
| 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 |
The objects of the Issue are to raise funds to meet-
1. Incremental working capital requirements
2. Issue Expenses
3. General corporate purposes
| 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 Size | 1,230,400 Eq Shares of ₹10 (aggregating up to ₹11.07 Cr) |
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 |
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 |
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)
| Category | Subscription (times) |
|---|---|
| NII | 2.01 |
| Retail | 0.27 |
| Total | 1.14 |
| 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 |
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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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
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.
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