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

Tuesday, March 8, 2011

Lovable Lingeries IPO sees dry response on the opening day

Lovable Lingeries IPO, which opened for subscription from today, March 08, 2011, has received a rather fragile response on its opening day with the IPO getting bid just about 7% till 5PM on Day 1

Lovable Lingeries IPO would remain open for subscription till Thursday, March 10, 2011 for QIB Investors and till Friday, March 11, 2011 for all other categories of investors. Check back this post for category-wise subscription status on Day 1

The IPO has been assigned an IPO Grade 3/5 by credit rating agency CARE, which indicates that the company has relatively "Average" fundamentals. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Lovable Lingeries Ltd.
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