The IPO of Lovable Lingeries Limited has received a tremendous response from the investors with the final day over-subscription figure reached to overwhelming 35.21 times on an overall basis. Lovable Lingeries IPO is open on 8th Mar 2011 and will get closed on 11th Mar 2011 for subscription. The IPO has managed to get some what better response from Non Institutional Investors Category where it overbid by 99.87 times on the final day of subscription. The price band for the issue is Rs 195 at lower level and Rs 205 at upper level. Lovable Lingeries Ltd is one of India’s leading women’s innerwear manufacturers. Company was licensed the brand “Lovable” from Lovable World Trading Company, USA in 1995. “LOVABLE” is India’s First Premium International Lingerie Brand.
The category-wise subscription status of IPO on closing of final day is given below:-
Qualified Institutional Buyers (QIBs) : 21.87 times
Non Institutional Investors : 99.87 times
Retail Individual Investors : 20.84 times
Overall : 35.21 times
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 !Google+