Lovable Lingeries IPO : Subscribed 10.64 times on Day 3

by khalid on 10/03/2011 · 0 comments

The IPO of Lovable Lingeries Limited has received a very good response from the investors with the 3rd day over-subscription figure reached to 10.64 times on an overall basis while it was just 0.37 times on 2nd day. Lovable Lingeries IPO was open on 8th Mar 2011 and will get closed on 11th Mar 2011 for subscription. The IPO has managed to get some better response from Qualified Institutional Buyers Category where it overbid by 21.87 times on the 3rd 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 3rd day is given below:-

Qualified Institutional Buyers (QIBs) : 21.87 times
Non Institutional Investors : 3.02 times
Retail Individual Investors : 2.67 times
Overall : 10.64 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 !

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