IRIS Clothings Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

10 Oct 2018

Close Date

12 Oct 2018

Allotment

17 Oct 2018

Listing Date

23 Oct 2018

Exchange

NSE SME

Price Band

₹90

Listing Price

See chart

Allotment Status

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Price Band

₹90

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

12,30,400 shares (aggregating up to ₹11.07 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

34,30,779 shares

Promoters

Post-IPO Holding

46,61,179 shares

Promoters

UPI Deadline

2018-10-12

Mandate

Anchor AllotmentTue, 09 Oct 2018

Basis of AllotmentWed, 17 Oct 2018

Refund InitiationWed, 17 Oct 2018

Demat CreditFri, 19 Oct 2018

Listing DayTue, 23 Oct 2018

UPI Mandate Deadline2018-10-12

Sale TypeFresh Capital

Net Offer to Public11,68,000 shares (aggregating up to ₹10.51 Cr)

Market Maker Quota62,400 shares (aggregating up to ₹0.5616 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

IRIS Clothings Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Oct 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	62,400	—	₹0.56
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,230,400	100%	₹11.07

IPO Shares Offered

IRIS Clothings Ltd. IPO total issue size: ₹11.07 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	62,400	₹0.56	5.07%
Total	1,230,400	₹11.07	100.00%

* Based on upper price band ₹90 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹90.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹288,000
Retail (Max — 13 Lots)	13	20,800	₹1,872,000
S-HNI (Min — 14 Lots)	14	22,400	₹2,016,000
B-HNI (Min — 68 Lots)	68	108,800	₹9,792,000

* Issue Price ₹90 × Lot Size 1,600 shares

IPO Schedule

Anchor

09 Oct 2018

✓ Done

IPO Open

10 Oct 2018

✓ Done

IPO Close

12 Oct 2018

✓ Done

Allotment

17 Oct 2018

✓ Done

Refunds

17 Oct 2018

✓ Done

Demat Credit

19 Oct 2018

✓ Done

Listing Day

23 Oct 2018

✓ Done

₹90.00

INR · NSE

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Issue ₹90.00 Live Price

About IRIS Clothings Ltd.

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.

Objects of the Issue

1 Incremental Working Capital Requirement

2 Issue Expenses

3 General Corporate Purposes

IRIS Clothings Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹4,689.1

31-Mar-17

₹5,310.1

31-Mar-18

₹1,484.7

30-Jun-18

Profit After Tax (PAT)

₹159.7

31-Mar-17

₹337.9

31-Mar-18

₹117.1

30-Jun-18

Particulars	30-Jun-18	31-Mar-18	31-Mar-17
Revenue from Operations	1484.70	5310.12	4689.14
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	117.08	337.90	159.73
Net Worth	N/A	N/A	N/A
Total Assets	4042.83	3978.58	3182.40
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered12,30,400 (100.00%)

Net Offer to Public11,68,000 shares (aggregating up to ₹10.51 Cr)

Reserved for Market Maker62,400 shares (aggregating up to ₹0.5616 Cr)

Pre-Issue Promoter Holding34,30,779 shares

Post-Issue Promoter Holding46,61,179 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

cameo@cameoindia.com

https://ipo.cameoindia.com/

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Book Running Lead Managers

VC Corporate Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much IRIS Clothings Ltd. IPO subscribed? ▲

IRIS Clothings Ltd. IPO is subscribed 1.00 times by Oct 12, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is IRIS Clothings Ltd. IPO retail subscription status? ▼

The IRIS Clothings Ltd. IPO retail category is subscribed 1.00 times as of 12 Oct 2018. The retail portion is oversubscribed.

How to subscribe IRIS Clothings Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 10 Oct 2018 and closes 12 Oct 2018. Min investment: ₹144,000 (1 lot = 1,600 shares). UPI mandate: 2018-10-12.

How many times IRIS Clothings Ltd. IPO subscribed? ▼

The IRIS Clothings Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check IRIS Clothings Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 17 Oct 2018. Refunds: on 17 Oct 2018.

When IRIS Clothings Ltd. IPO will be listed? ▼

The IRIS Clothings Ltd. IPO listing date is 23 Oct 2018, Tuesday. Listed on: NSE SME. Issue price: ₹90. Estimated listing: ₹90. GMP: NIL.

When IRIS Clothings Ltd. IPO close? ▼

The IRIS Clothings Ltd. IPO closes on 12 Oct 2018, Friday. UPI mandate: 2018-10-12. Allotment: 17 Oct 2018. Listing: 23 Oct 2018.

Quick Actions

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Live Price LIVE

Last Price₹90.00

Change—

Issue Price₹90.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹90

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹90

Subscribed1.00x

Open Date10 Oct 2018

Close Date12 Oct 2018

Allotment17 Oct 2018

Listing Date23 Oct 2018

ExchangeNSE SME

UPI Deadline2018-10-12