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

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)

Iris Clothings DoReMe IPO Tentative Timetable

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

Iris Clothings DoReMe IPO Lot Size

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

Iris Clothings DoReMe IPO Subscription Status (Bidding Detail)

The Iris Clothings DoReMe IPO is subscribed 1.14x times on Oct 12, 2018 17:00. The public issue subscribed 0.27x in the retail category, in the QIB category, and 2.01x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	2.01x
RII	0.27x
Total	1.14x

Iris Clothings DoReMe IPO 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
IPO Price	₹90 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

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

Iris Clothings DoReMe IPO Reviews / Ratings

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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: https://online.cameoindia.com/

Iris Clothings DoReMe IPO Lead Manager(s)

VC Corporate Advisors Pvt Ltd (VCAPL)

Lead Manager Reports

Iris Clothings DoReMe IPO FAQs

What is Iris Clothings DoReMe IPO?

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.
When Iris Clothings DoReMe IPO will open?

The Iris Clothings DoReMe IPO opens on Oct 10, 2018 and closes on Oct 12, 2018.
What is the lot size of Iris Clothings DoReMe IPO?

Iris Clothings DoReMe IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
How to apply for Iris Clothings DoReMe IPO?

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.
When Iris Clothings DoReMe IPO allotment?

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.
When is Iris Clothings DoReMe IPO listing date?

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