Iris Clothings Ltd IPO


IPO Subscription Details

  • Open Date 10 Oct
  • Close Date 12 Oct
  • Lot Size 1600
  • IPO Size ₹ 11.07 Cr
  • IPO Price Range ₹ 90
  • Min Investment ₹ 144000

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Iris Clothings Ltd IPO

Contact Information


103/24/1 Foreshore Road,
Binani Metal Compound,
Howrah, West Bengal 711102

Iris Clothings Ltd IPO Lead Manager

VC Corporate Advisors Pvt Ltd