Iris 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 | 1,230,400Â shares (INR11.07 crore) |
Offer for sale | Nil |
Total IPO size | 1,230,400Â 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:Â [email protected]
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 |
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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:Â [email protected]
Website:Â 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)