Lovable Lingeries IPO : Price Band Fixed

by khalid on 03/03/2011 · 0 comments

Lovable Lingeries IPO which is slated to come out with its IPO starting on 8th March 2011. The company has come out with the price band of the IPO today and fixed it at Rs 195 – Rs 205 per equity share. The company will raise Rs. 93.28 Crore from the primary market.

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.

Issue Detail:-
Issue Open : 8th Mar 2011 – 11th Mar 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : 4,550,000 Equity Shares of Rs 10 each
Issue Size : Rs 88.73 – 93.28 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 195 – Rs. 205 Per Equity Share
Minimum Bid Quantity : 30 Shares (Rs. 6150 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 960 Shares (Rs. 196800 with 32 Lots ) @ upper level of price band
Listing At : BSE, 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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