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13 December 2018

IPO Synopsis

Iris Clothings Ltd
Registered Office: 103/24/1 Foreshore Road,Binani Metal Compound , Howrah - 711102 , West Bengal , India.
Phone : 91-33-26373856   Fax:
Email :  itsladha@irisclothings.in  
Website :  www.doreme.in
Public issue of 12,30,400 equity shares of (Rs)10/- each ("equity shares") of IRIS Clothings Limited ("icl" or the "company" or the "issuer") for cash at a price of (Rs)90/- per share (the "issue price"), including a premium of (Rs)80/- per share, aggregating to (Rs)11.07 Crores ("the issue"), of Which, 62,400 equity shares of (Rs)10 each will be reserved for subscription by market maker to the issue (as defined in the section "definitions And abbreviations") (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. issue of 11,68,000 equity Shares of (Rs)10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.40% and 25.06%, respectively of The post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 9 (nine) times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
10-Oct-18 12-Oct-18 (Rs)90.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 11.07
VC Corporate Advisors Pvt Ltd
Project Financed through Current Offer 11.07  
Post Issue Equity Share Capital 4.66  
Issue Price (Rs)90.00  
 
Projects
Incremental Working Capital RequirementGeneral Corporate Purposes
Promoted By
Santosh Ladha  
Geeta Ladha  
Listing At
NSE - SME 
Registrar to the Issue
Cameo Corporate Services Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS