The IPO of Lovable Lingeries Limited has received a very little response from the investors with the 2nd day over-subscription figure reached to just 0.37 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 response from Retail Individual Investors Category where it overbid by 0.73 times on the 2nd 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 2nd day is given below:-
Qualified Institutional Buyers (QIBs) : 0.13 times
Non Institutional Investors : 0.10 times
Retail Individual Investors : 0.73 times
Overall : 0.37 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.
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