Lovable Lingeries IPO

Lovable Lingeries IPO India’s leading women’s innerwear producers Lovable Lingeries Limited announced its initial public offering open Mar 08, 2011 and would continue to be open for subscription until Mar 11, 2011 . “Lovable Lingeries” raise nearly Rs 93 crore -through the initial public offering issue, The price band of the issue is Rs.195 (lower level) to Rs.205 (higher level).

Incorporated in 1987, Firm was licensed the brand name “Lovable” from Lovable World-Trading Company, United states of america in 1995. “LOVABLE” is India’s 1st Premium International-Lingerie Brand\.

Firm’s products include panties, brassieres, homewear,shapewear, slips / camisoles, foundation garments as well as sleepwear products. Lovable and Daisy-Dee are the flagship-brands. Firm is based in Mumbai, Maharashtra and it has 3 production facilities of which 2 are located at Kanakapura road in Bengaluru and another is found in Roorkee, Uttarakhand. Firm’s brand “Lovable” is one of the leading 3 most preferred brand in womens innerwear in India.

Face Value; Rs.10
Tick Size; 1
Minimum Order Qty: 30
Market Lot: 30
Issue Type is Book Building.

IPO Grade for Lovable Lingeries

Care allocated IPO grade ‘3/5’ to the IPO of lovable, this shows that the fundamentals of the issue are average relative to other listed equities.

nsestocktips.in view;  vm.venkatesh view come later……….,,

Conduct details

Address: A – 46, Street No. 2, MIDC, Andheri (East), Mumbai – 400 093, Maharashtra, India
Phone number; 91 22 2838 3581  Fax detail;. 91 22 2838 3582
Email address; corporate@lovableindia.in
Website Url; http://www.lovableindia.in

Book Running Lead Manager for Lovable

Anand Rathi Securities ltd are the Book Running Lead Manager for Lovable.

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