Iris Clothings Limited is incorporated in 2004 based in Kolkata. The company is a manufacturer, designer and seller of kids wear. They are selling products under “DoReMe” brand name. The kids wear product range includes shorts, frocks, pants, dresses, t-shirts, tops, etc. They have over 60 distributors in India and more than 4000 retailers. They have over 600 employees on payroll. Iris Clothings ipo is starting from 10-October and ends on 12-October. The price band is around Rs.90 with 1600 market lot. The ipo size is around 11.07 crore rupees.
IPO Review:
- Go for Long Term Only
Iris Clothings IPO Dates & Price Band:
- IPO Open: 10-October-2018
- IPO Close: 12-October-2018
- IPO Size: Approx Rs 11.07 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.90 Per Equity Share
- Listing on: NSE SME
- Shares: 1,230,400
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 1,600 Shares (Minimum Lot Size)
- Amount: Rs.1,44,000
IPO Allotment & Listing:
- Basis of Allotment: 17-October-2018
- Refunds: 17-October-2018
- Credit to demat accounts: 19-October-2018
- Listing: 23-October-2018
Financial Results:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2014 | 24.99 | 24.00 | 0.68 | ||
| 2015 | 30.09 | 29.74 | 0.24 | ||
| 2016 | 36.99 | 36.02 | 0.65 | ||
| 2017 | 46.89 | 44.47 | 1.60 | ||
| 2018 | 53.10 | 48.34 | 3.38 | ||
Iris Clothings IPO Important Links:
Company Promoters:
- Geeta Ladha
- Santosh Ladha
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus
IPO Registrar:
Cameo Corporate Services Limited
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: http://www.cameoindia.com
IPO Lead Managers:
- VC Corporate Advisors Pvt Ltd (VCAPL)
Company Address:
Iris Clothings Limited
103/24/1, Foreshore Road
Shibpur, Binani Metal Compound
Howrah – 711102
Phone: +91 33 26373856
Email: [email protected]
Website: www.doreme.in
