Iris Clothings Rights Issue dates 27 Mar – 17 Apr 2025.
Incorporated in 2011, Iris Clothings 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 30 September 2024, 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 31 January 2025, the company has 1,389 employees.
Promoters of Iris Clothings – Mrs.Geeta Ladha, Mr.Santosh Ladha, M/S.Santosh Ladha HUF, Mr.Baldev Das Ladha, M/S.Baldev Das Ladha (HUF) & Mrs.Kamala Devi Ladha
Table of Contents
Iris Clothings Rights Issue Details
| Rights Issue Date | 27 March – 17 April 2025 |
| Rights Issue Price | INR 35 per share |
| Issue Size (in Shares) | 1,35,95,105 shares |
| Issue Size (in INR) | INR 47.58 crore |
| Issue Entitlement | 1 equity shares for every 6 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Iris Clothings Rights Issue Record Date | 13 March 2025 |
| Face Value | INR 2 per share |
| Listing On | NSE |
Iris Clothings Rights Issue Calculation
| Iris Clothings Rights Issue Price | INR 35 per share |
| Market Price on Rights Issue Approval | INR 51.47 per share |
| Dilution Factor (X) | 1.17 |
| Fair Value After Dilution at Prevailing Price | INR 49.12 per share |
Iris Clothings Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 110 | 112 | 120 |
| Expenses | 89 | 92 | 94 |
| Operating Margin (%) | 19 | 17 | 22 |
| Net Income | 10.14 | 8.26 | 12.21 |
| ROCE (%) | 22 | 16 | 20 |
Iris Clothings Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- General corporate purposes
Iris Clothings Rights Offer Documents
- Iris Clothings Rights Issue Application Form
- Iris Clothings Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Iris Clothings Rights Issue Dates
| Rights Issue Approval Date | 7 March 2025 |
| Rights Issue Record Date | 13 March 2025 |
| Credit of Rights Entitlement | 26 March 2025 |
| Rights Issue Opening Date | 27 March 2025 |
| Last Date for Market Renunciation | 9 April 2025 |
| Rights Issue Closing Date | 17 April 2025 |
| Finalization of Basis of Allotment | 24 April 2025 |
| Rights Allotment Date | 24 April 2025 |
| Credit Date | 28 April 2025 |
| Listing Date | 2 May 2025 |
Iris Clothings Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com
Iris Clothings Contact Details
IRIS CLOTHINGS LIMITED
103/24/1, Foreshore Road Shibpur,
Howrah – 711102, West Bengal, India
Phone: +91 33 26373856
Email: [email protected]
Website: www.irisclothings.in
Iris Clothings Rights Offer FAQs
What is the Iris Clothings Rights Issue Price?
The issue price is INR 35 per share.
What is the Iris Clothings Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 6 Equity Shares held on the record date.
What is the Iris Clothings Rights Issue Record Date?
The Record date is 13 March 2025.
How to Apply in Iris Clothings Rights Offer?
The best way to apply in Iris Clothings Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.