₹47.58 Crores | Listing at NSE | Thu, Mar 27, 2025 - Thu, Apr 17, 2025
Iris Clothings Limited Rights Issue comprises 1.36 Cr equity shares aggregating to ₹47.58 Cr, offered at an issue price of ₹35 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Mar 13, 2025, with the Rights Issue being offered in the entitlement ratio of 1 : 6.
The term of payment is defined as following : The entire amount of the Issue Price of ₹35 per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 24, 2025.
The Rights Issue opens on Mar 27, 2025, and closes on Apr 17, 2025, with renunciation of Rights Entitlements permitted up to Apr 9, 2025.
The deemed date of allotment is Apr 24, 2025, following which the equity shares are expected to be credited to demat accounts on Apr 28, 2025 and listed at the NSE on May 2, 2025.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Iris Clothings Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Mar 13, 2025
Entitlement Ratio
1 : 6
Open Date
Thu, Mar 27, 2025
Close Date
Thu, Apr 17, 2025
The entire amount of the Issue Price of ₹35 per Rights Equity Share shall be payable at the time of Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 133.24 | 109.31 |
| Revenue | 122.02 | 113.11 |
| Profit After Tax | 12.21 | 8.26 |
| Reserves and Surplus | 52.85 | 40.64 |
| Amount in ₹ Crore | ||
Incorporated in 2011, Iris Clothings Limited is an Indian apparel company specializing in designing, manufacturing, branding, and selling ready-made garments for children under the brand name DOREME.
The company offers a diverse range of apparel for infants, toddlers, and junior boys and girls, catering to both indoor and outdoor needs.
With a strong presence in the domestic market, Iris Clothings has expanded its reach internationally, exporting products to various countries. The company operates with a workforce of approximately 1,380 employees and maintains a network of over 125 distributors across 26 states in India.
As of September 30th, the company operates four manufacturing facilities in West Bengal: Foreshore Road, Pachla, Uluberia, and Srijjan Industrial Park, equipped with automated stitching, finishing, and dispatch units.
As of January 31, 2025, the company has 1,389 employees.
The Net Proceeds from the Issue are proposed to be utilized by the Company for the objects set out below:
[Dilip Davda] ICL is engaged in manufacturing, designing and branding children’s apparels under the popular brand name of DOREME. The company marked steady growth in its financial performance. Though the RI is at a discount of around 20.90%, it appears to be fully priced. Well-informed investors may park funds for long term. Read detail review...
Iris Clothings Rights Issue 2025 got oversubscribed by 1.43 times by the end of the bidding period with total bid quantity received by NSE of 1,94,62,799 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Apr 17 2025 17:00:02 | 1,94,62,799 | 1.43x |
Iris Clothings Limited
103/24/1,
Foreshore Road Shibpur,
Howrah – 711102
Howrah, West Bengal, 711102
The Iris Clothings Rights Issue 2025 opens on Thu, Mar 27, 2025, and closes on Thu, Apr 17, 2025.
Iris Clothings Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Wed, Mar 26, 2025 |
| Last Date for renunciation of Rights Entitlements | Wed, Apr 9, 2025 |
| Issue Opening Date | Thu, Mar 27, 2025 |
| Issue Closing Date | Thu, Apr 17, 2025 |
| Date of Allotment (on or about) | Thu, Apr 24, 2025 |
| Date of Credit (on or about) | Mon, Apr 28, 2025 |
| Date of Listing (on or about) | Fri, May 2, 2025 |
You can apply for Iris Clothings Rights Issue 2025 in two ways:
Steps to apply for Iris Clothings Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Iris Clothings Rights Issue 2025 using Registrar's website (R-WAP)
