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

Thursday, March 10, 2011

Lovable Lingeries IPO closes for QIB today, subscription weak at 0.37 times till the second day

Lovable Lingeries IPO, which has opened for subscription yesterday on Tuesday, March 08, 2011 has received a frail response till Day 2 with the IPO bid only 37% till the second day

The IPO has seen a poor support from the QIB and HNI Investors so far with the categories getting subscribed just about 0.13 times and 0.10 times respectively. The Retail Category has also been subscribed just short of three quarters at 0.73 times

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 IPO would close for subscription today for QIB Investors and for other investors, the IPO would close tomorrow, i.e. on Friday, March 11, 2011
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