Lovable Lingeries IPO : Settled at 23% premium on debut

by khalid on 24/03/2011 · 1 comment

Lovable Lingeries Limited shares got debuted at Rs 240.00, a just 17.07% premium over its initial public offering (IPO) price of Rs 205.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 252.35 which is a premium of 23% over the issue price of Rs 205.00. The stock hit a high of Rs. 278.90, a premium of 37.12% over an issue price of Rs 205 and low of Rs. 240.00 on the listing day 24th March 2011. A total of 23,297,571 shares changed hands on the NSE on first day of trading. 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.

Listing day Summary :-
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

On the NSE:-
Issue Price: Rs. 205.00
Open : 240.00
High : 278.90
Low : 205.00
Close : 252.35
Last Trade : 252.35

Lovable Lingeries Limited has raised Rs 93.28 crore through an initial public offering of 4,550,000 equity shares.

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

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