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Lovable Lingeries IPO is a book built issue of Rs 93.28 crores.
Lovable Lingeries IPO bidding started from March 8, 2011 and ended on March 11, 2011. The shares got listed on BSE, NSE on March 24, 2011.
Lovable Lingeries IPO price band is set at ₹195 to ₹205 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹6,150.
Anand Rathi Securities Limited is the book running lead manager of the Lovable Lingeries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Lovable Lingeries IPO RHP for detailed information.
IPO Date | March 8, 2011 to March 11, 2011 |
Listing Date | March 24, 2011 |
Face Value | ₹10 per share |
Price Band | ₹195 to ₹205 per share |
Lot Size | 30 Shares |
Total Issue Size | 4,550,000 shares (aggregating up to ₹93.28 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Lovable Lingeries IPO offers 3,867,500 shares. 1,592,500 (41.18%) to QIB, 682,500 (17.65%) to NII, 1,592,500 (41.18%) to RII. 53,083 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 990 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,592,500 (41.18%) | NA |
NII (HNI) Shares Offered | 682,500 (17.65%) | |
Retail Shares Offered | 1,592,500 (41.18%) | 53,083 |
Total Shares Offered | 3,867,500 (100%) |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 30 | ₹6,150 |
Retail (Max) | 32 | 960 | ₹196,800 |
Lot Size Calculator |
Incorporated in 1987, Lovable Lingeries Ltd is one of India's leading women's innerwear manufacturers. Company was licensed the brand "Lovable" from Lovable World Trading Company, USA in 1995. "LOVABLE" is India's First Premium International Lingerie Brand.
Company's products include brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products. "Lovable" and "Daisy Dee" are the flagship brands. Company is headquartered in Mumbai, Maharashtra and has three manufacturing facilities of which two are situated at Kanakapura road in Bengaluru and one is situated in Roorkee, Uttarakhand. Company's brand "Lovable" is amongst the top three most preferred brand in women�s innerwear in India.
Particulars | For the year/period ended (in Rs. Lacs) | |||||
31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
Total Income | 8,657.21 | 8,678.60 | 6,881.80 | 6,308.11 | 4,539.31 | 3,189.68 |
Profit After Tax (PAT) | 1,260.67 | 978.96 | 601.94 | 393.58 | 329.07 | 290.43 |
The objects of the Issue are:
1. Setting up of a manufacturing facility to create additional capacity at Bengaluru;
2. Expenses to be incurred for Brand Building;
3. Brand Development expenses for "College Style" brand;
4. Investment in Joint Venture;
5. Setting up of Exclusive Brand Outlets ("EBO�s");
6. Setting up of retail store modules for "shop-in-shop";
7. Up gradation of design studios;
8. General corporate purpose; and
9. Public issue expenses.
The Lovable Lingeries IPO is subscribed 35.21 times on March 11, 2011 6:30:00 PM. The public issue subscribed 20.84 times in the retail category, 21.87 times in the QIB category, and 99.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 21.87 |
NII | 99.87 |
Retail | 20.84 |
Total | 35.21 |
CARE has assigned an IPO Grade 3 to Lovable Lingeries Ltd IPO. This means as per CARE, company has '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.
Lovable Lingeries Ltd IPO, Lovable Lingeries IPO,Lovable Lingeries IPO Bidding, Lovable Lingeries IPO Allotment Status, Lovable Lingeries IPO drhp and Lovable Lingeries IPO listing.
Listing Date | March 24, 2011 |
BSE Script Code | 533343 |
NSE Symbol | LOVABLE |
ISIN | INE597L01014 |
Final Issue Price | ₹205 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹205.00 |
₹261.50 |
₹241.40 |
₹278.95 |
₹249.20 |
NSE |
---|
₹205.00 |
₹240.00 |
₹240.00 |
₹278.90 |
₹249.55 |
Lovable Lingeries Ltd
A - 46, Street No. 2,
MIDC, Andheri (East),
Mumbai � 400 093, Maharashtra, India
Phone: +91 22 2838 3581
Email: corporate@lovableindia.in
Website: http://www.lovableindia.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: lovable.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lovable Lingeries IPO is a main-board IPO of 4,550,000 equity shares of the face value of ₹10 aggregating up to ₹93.28 Crores. The issue is priced at ₹195 to ₹205 per share. The minimum order quantity is 30 Shares.
The IPO opens on March 8, 2011, and closes on March 11, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Lovable Lingeries IPO opens on March 8, 2011 and closes on March 11, 2011.
Lovable Lingeries IPO lot size is 30 Shares, and the minimum amount required is ₹6,150.
You can apply in Lovable Lingeries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lovable Lingeries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lovable Lingeries IPO allotment status.
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Lovable has crossed 300 mark just now and i think one can sell 50% of their holdings in the counter.
I do not see the stock going beyond 330-340 and now it is trading at the upper end of its valuation range.
Unless any new triggers come for the stock, there is no reason for it to rally significantly from here.
Ashish