Analysis and Insights into the world of IPOs and investing in India

Monday, March 21, 2011

Lovable Lingerie IPO Issue Price fixed at the upper end of price band

Lovable Lingerie Ltd. has fixed the Issue Price of its IPO at the upper end of the price band as was expected with such a massive subscription that the IPO received. The Issue Price has been fixed at Rs.205/- per equity share, the price band of the IPO being Rs.195/- to Rs.205/- per equity share

Lovable Lingerie IPO, had received a staggering subscription figure of 35.21 times on an overall basis. The IPO, which was bleakly subscribed in the first two days of its opening, has gained solid support from all three categories of investors on the closing day of the IPO. The IPO was overbid 20.84 times in the Retail Category

Lovable Lingeries Ltd is one of India's leading women's innerwear manufacturers, with products including brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products

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