Iris Clothings IPO

Iris Clothing IPOIris Clothings IPO Description - Iris Clothings is engaged in the manufacturing, designing, branding and selling of kids wear under the brand name DoReMe in India. DoReMe caters to the Kids Wear category mostly juniors including various kinds of apparels and related products for all infants, boys and girls. The company has been able to establish DoReMe as a mid-market, comfortable, and high quality junior Kids Wear brand.     The company makes different kinds of products like Tops, T-shirts, Pants, Shorts, Frock, Dresses, and Towels among others catering to Kids Wear category.

The company has an active distribution network of 60+ distributors across cities/states with reach to more than 4,000 retailers.

Promoters of Iris Clothings  – Mr Santosh Ladha & Mrs Geeta Ladha
Iris Clothings IPO details
Subscription Dates 10 - 12 October 2018
IPO Price band INR90 per share
Fresh issue 1,230,400  shares (INR11.07 crore)
Offer for sale Nil
Total IPO size 1,230,400  shares (INR11.07 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirements - INR8.50 crore
  • General Corporate Purpose - INR2.07 crore
  • Issue Expenses - INR0.50 crore
Iris Clothings' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 24.99 30.09 36.99 46.89 53.10
Total expenses 24.00 29.74 36.02 44.47 48.34
Profit after tax 0.68 0.24 0.65 1.60 3.38
Iris Clothings' Contact Details

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

Phone: +91 33 26373856
Email: accounts@irisclothings.in
Website: www.doreme.in

Iris Clothings  IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.07
Day 2 0.84
Day 3 1.08

 

Iris Clothings Valuation (For FY2018)

Earnings Per Share (EPS): INR12.20

Price/Earnings (P/E) ratio: 7.34

Return on Net Worth (RONW): 33.35%

Net Asset Value (NAV): INR36.33 per share

Registrar of Iris Clothings IPO

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India

Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com

Iris Clothings IPO Allotment Status

Iris Clothings IPO allotment status is now available on Cameo Corporate Services' website. Click on this link to get allotment status.

Listing performance of Iris Clothings

IPO Opening Date: 10 October 2018

IPO Closing Date: 12 October 2018

Listing Date: 23 October 2018

Listing Price on NSE SME: INR92 per share (up 2.22% from IPO price)

Closing Price on NSE SME: INR90 per share (no change from IPO price)

Iris Clothings IPO
4.4 (88%) 5 votes

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