Iris Clothings Limited has announced its rights issue, set to open on March 27, 2025, and close on April 17, 2025. The record date for determining eligible shareholders is March 13, 2025. Investors will be offered 1,35,95,105 equity shares at a price of ₹35 per share, with the total issue size amounting to ₹47.58 crores. The entitlement ratio is 1:6, meaning shareholders will receive one rights share for every six fully paid shares held on the record date.
About Iris Clothings Ltd
Iris Clothings Limited, established in 2011, is a leading Indian apparel brand specializing in kidswear under the name DOREME. The company designs, manufactures, and markets a diverse range of clothing for infants, toddlers, and junior boys and girls, catering to both indoor and outdoor needs. With a strong presence in the domestic market, Iris Clothings operates in 26 states across India through a network of over 125 distributors and exports its products to countries like Nepal, Portugal, Mozambique, and Saudi Arabia.
The company has a well-integrated manufacturing system with four advanced production units in West Bengal, equipped with automated stitching, finishing, and dispatch facilities. As of January 31, 2025, Iris Clothings employs 1,389 people and has been consistently expanding its Exclusive Brand Outlets (EBOs), with a target of opening 100+ stores by FY26 under the COCO & FOCO models. Additionally, the company has a licensing agreement with Disney, enabling it to offer apparel featuring popular Disney and Marvel characters. With a focus on affordability, quality, and expansion, Iris Clothings continues to strengthen its position as a key player in the kidswear segment.
Iris Clothings Rights Issue 2025 Overview
| Particulars | Details |
|---|---|
| Issue Period | March 27, 2025 – April 17, 2025 |
| Record Date | March 13, 2025 |
| Issue Price | ₹35 per share |
| Face Value | ₹2 per share |
| Total Shares Offered | 1,35,95,105 Equity Shares |
| Total Issue Size | ₹47.58 Crores |
| Payment Terms | Full payment at application |
| Entitlement Ratio | 1 Rights Share for every 6 held |
| Listing Exchange | NSE |
| Letter of Offer | Click here |
Iris Clothings Right Issue Dates
| Event | Date |
|---|---|
| Opening Date | March 27, 2025 |
| Closing Date | April 17, 2025 |
| Eligibility Cut-Off (Record Date) | March 13, 2025 |
| Last Purchase Date for Eligibility | March 12, 2025 |
| Rights Trading Ends | April 15, 2025 |
| Allotment Confirmation Date | April 24, 2025 |
How to Apply for Iris Clothings Rights Issue 2025
Investors can apply for the Iris Clothings Rights Issue 2205 through two convenient methods:
Net Banking via ASBA (Application Supported by Blocked Amount): Shareholders can apply directly through their bank’s net banking portal using the ASBA service. This method allows the application amount to be blocked in the bank account until the shares are allotted. Most banks offer ASBA services under the IPO or Rights Issue section.
Objects of the Issue
- To augment the existing and incremental working capital requirement of the Company.
- General corporate purposes.
Iris Clothings Financial Performance
| Financial Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Total Revenue | ₹122.02 Cr | ₹113.11 Cr |
| Net Profit | ₹12.21 Cr | ₹8.26 Cr |
| Total Assets | ₹133.24 Cr | ₹109.31 Cr |
| Reserves & Surplus | ₹52.85 Cr | ₹40.64 Cr |
📢 Iris Clothings Rights Issue 2025 – Allotment Status
📍 Registrar: Cameo Corporate Services Limited
📞 Phone: +91-44-28460390
✉ Email: [email protected]
🌐 Website: cameoindia.com
🏦 Lead Manager for Rights Issue
🔄 Status: To Be Updated Soon
🏢 Company Contact Details
🏛 Iris Clothings Limited
📍 Address: 103/24/1, Foreshore Road, Shibpur, Howrah – 711102
📞 Phone: +91-913326373856
✉ Email: [email protected]
🌐 Website: www.irisclothings.in
FAQs on Iris Clothings Rights Issue 2025
📌 What are the dates for the Iris Clothings Rights Issue?
The issue opens on March 27, 2025, and closes on April 17, 2025.
📌 What is the issue price per share?
Each rights equity share is priced at ₹35.
📌 What is the entitlement ratio?
Eligible shareholders will get 1 rights share for every 6 fully paid shares held on the record date.
📌 Where will the rights shares be listed?
The shares will be listed on NSE after allotment.
📌 Who is handling the allotment process?
Cameo Corporate Services Limited is the official registrar for the rights issue.