Lovable Lingeries Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 24th Mar 2011. The IPO was open between 8th Mar 2011 to 11th Mar 2011. The price band was Rs 195 to Rs 205 and the Issue Price was fixed at the upper level of price band, Rs 205 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs. 93.28 Crore. 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.
IPO Listing Detail :-
Listing Date: 24th Mar 2011
BSE Scrip Code : 533343
NSE Symbol : LOVABLE
Listing In : ‘B’ Group of Securities
ISIN : INE597L01014
Issue Price : Rs. 205.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
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.
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