Iris Clothings Limited IPO

Add to Calendar 2018-10-10 12:00 AM 2018-10-12 12:00 AM Asia/Kolkata Iris Clothings Limited IPO Iris Clothing Limited India

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.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


30-Jun-18

31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

Total Assets

4,042.83

3,978.58

3,182.40

2,661.01

2,968.46

2,893.88

Total Revenue

1,484.70

5,310.12

4,689.14

3,699.20

3,009.49

2,498.51

Profit After Tax

117.08

337.9

159.73

64.61

24.23

68.08

Issue Detail

  • Issue Open: Oct 10, 2018
  • Issue Close: Oct 12, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 90 Per Equity Share
  • Bid Lot:1600 Shares
  • Minimum Order Quantity:1600 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 11.07 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 584,000 584,000 - - 1,168,000
Day 1 - Oct 10, 2018IST - 0.13x 0.02x - - 0.07x
Day 2 - Oct 11, 2018IST - 1.68x 0.10x - - 0.89x
Day 3 - Oct 12, 2018IST - 2.01x 0.27x - - 1.14x

Listing Day Trading Information

- BSE NSE
Issue Price - -
Open - -
Low - -
High - -
Last Trade - -
Volume - -

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