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Open
10 Oct 2018
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Close
12 Oct 2018
3
Allotment
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Listing
Tue, Oct 23, 2018
Price Band
₹90 per share
Issue Size
12,30,400 shares (agg. up to ₹11 Cr)
Lot Size
1,600 Shares
Listing Date
Tue, Oct 23, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.08x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 40.43 | 39.79 | 31.82 | 26.61 |
| Total Income | 14.85 | 53.10 | 46.89 | 36.99 |
| Profit After Tax | 1.17 | 3.38 | 1.60 | 0.65 |
| Reserves and Surplus | 10.23 | 7.32 | 3.74 | 2.14 |
| Total Borrowing | 17.26 | 2.10 | 16.59 | 13.66 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vinny Overseas Ltd. | SME | ₹10.37 Cr | ₹40 | null | ₹42.40 | +6.00% | ₹1.06 (-0.93%) |
| Mittal Life Style Ltd. | SME | ₹4.41 Cr | ₹21 | null | ₹21.00 | +0.00% | ₹0.93 (+0.00%) |
| Active Clothing Co.Ltd. | SME | ₹26.56 Cr | ₹65 | null | ₹65.65 | +1.00% | ₹116.80 (-1.48%) |
| Lorenzini Apparels Ltd. | SME | ₹4.47 Cr | ₹10 | null | ₹9.25 | -7.50% | ₹8.54 (-3.95%) |
| TCNS Clothing Co.Ltd. | Mainboard | ₹1,125.13 Cr | ₹716 | null | ₹659.15 | -7.94% | ₹583.95 (+2.14%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Incremental Working Capital Requirement | 8.50 |
| 2 | Issue Expenses | 0.50 |
| 3 | General Corporate Purposes | 2.07 |
About IRIS Clothings IPO
Incorporated in 2004, Kolkata based Iris Clothing Limited is a company engaged in the business of Manufacturing, Designing, Branding and Selling of Kids Wear. The company sells its products under the brand name DoReMe in India. The company makes different kinds of products for kids wear including Tops, T?shirts, Pants, Dresses, Shorts, Frocks, and Towels etc. Iris Clothing has an active distribution network of over 60 distributors across cities with reach to more than 4,000+ retailers. The total revenue of the company ( as restated) for the year 2018, 2017 and 2016 were Rs. 5,310.12 lakhs, Rs. 4,689.14 and Rs. 3,699.20 respectively. The restated PAT for the year 2018, 2017 and 2016 were Rs. 337.09 lakhs, Rs. 159.73 lakhs and Rs. 64.61 lakhs respectively. The company has more than 600 employees on its payroll.+ Read More
Contact Details
IRIS Clothings Ltd. Address103/24/1, Foreshore RoadShibpurBinani Metal CompoundHowrah, West Bengal, 711102+91-33-26373856accounts@irisclothings.inVisit Website