Iris Clothing Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
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
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)