Lovable Lingeries IPO : Files DRHP with SEBI

by khalid on 28/02/2011 · 0 comments

Lovable Lingeries is Mumbai based is one of India’s leading women’s innerwear manufacturers. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to float its IPO. The company wants to raise money from primary market with an IPO of Rs 93.28 crores through 4,550,000 equity shares of face value Rs 10, with a premium decided by the 100% book building process.

The proceeds of the IPO are proposed to be utilized for setting up a new manufacturing unit in Bangalore, for brand building, to invest in JV with UK’s Lifestyle Galleries of London Ltd, setting up exclusive brand outlets, upgradation of design studios and for other general purposes.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Sole Book Running Lead Manager (BRLM) to the offer is Anand Rathi Securities Limited.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

Stay tuned to BelltheBull Blog for more news on Lovable Lingeries IPO !

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