Iris Clothings Limited — Updates, 22-04-2025: Press Release

Iris Clothings Limited has achieved successful closure of its recent rights issue, which attracted strong investor interest with 1.5 times oversubscription. The issue comprised 1.36 crore shares, raising a total of Rs. 47.5 crore, reflecting significant confidence in the company’s growth potential. The funds will primarily enhance working capital, aiming to improve operational efficiency and support rapid business growth. Managing Director, Santosh Ladha, emphasized that the overwhelming shareholder response underscores the strength of their business model and future opportunities. With this capital, Iris Clothings plans to accelerate growth and elevate the DOREME brand, reinforcing its commitment to delivering value to stakeholders. The positive sentiment around the rights issue positions the company well for upcoming market opportunities.