Iris Clothing Limited is engaged in manufacturing, designing, branding and selling of Kids Wear under its label ‘DoReMe©’ across India. It has successfully established an active network of more than 60+ distributors and 4,000+ retailers across the Nation. Currently, the company has more than 700 Stock Keeing units (SKUs) under its portfolio that keeps on expanding with its newer addition of products.
Date of incorporation: The company was initially incorporated as ‘Iris Clothings Private Limited’ on 27th August 2011 at West Bengal. Eventually, it was converted to public limited company renamed to ‘Iris Clothing Limited’ on 24th July 2018.
Promoters of Iris Clothing Limited: Mr Santosh Ladha and Mrs Geeta Ladha are the promoters of Iris Clothing Limited.
Products and Services Offering: The company mainly manufactures kids wear made of cotton fabrics. It makes a variety of products including Tops, T-Shirts, Pants, Shorts, Frocks, Dresses and Towels among its diversified Clothing range.
Customer Segments: The company has its customer base spread across 23 States across Nation including Maharashtra, Gujarat and Rajasthan among others. Besides this, it is also involved in direct selling through the e-commerce platform like FirstCry and Hopscotch. It has also participated in various industry exhibitions and tradeshows.
Objects of Iris Clothing Limited: The core objective of this issue are:
- To finance incremental working capital requirements.
- To meet the Issue Expenses.
- To finance General Corporate Expenses.
Summary of Financial Information (Restated)
For the year/period ended (in Rs. Lakhs)
Profit After Tax