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

Friday, March 11, 2011

Lovable Lingerie IPO overbid by an amazing 34.5 times

Lovable Lingerie IPO has been gaining momentum with its subscription, the IPO being subscribed now about 34.59 times till 5 PM as per data available on the NSE website

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. The Issue would constitute 27.08% of the post issue paid-up capital of the company. The company plans to use the proceeds from the IPO for a manufacturing facility, brand promotion and retail expansion

Stay tuned to Indian IPO Blog for more on Lovable Lingerie IPO!
Share:

0 comments:

Post a Comment

Blog Archive