Chittorgarh logo
Contact Us   Facebook   Go
IPO's in India
  IPO Dashboard
  Current IPO List
  IPO Calendar
  Performance Tracker
  Grey Market Premiums
  IPO Ratings
  IPO Reviews
  IPO Message Board
  Basis of Allotment
  IPO Alerts
  IPO Prospectus Docs
  IPO Reports (Historic)
  IPO News Live
  IPO FAQs
  IPO Alert Blog
Current IPOs-BSE, NSE
More IPO's...
Current SME IPO's
More SME IPO's...
Current Bonds / NCDs
More Bond's, NCDs...
Subscribe with us...
 Free Email Alerts
 Name
 Email 

India Stock Market
  Stock Message Board
  Stock Market Home
  NSE Bulk Deals
  NSE Circuit Filters
  Corporate Announcements
  Market Holidays
  Stock Gadgets
Stock Trading Brokers
  Broker Comparison
  Stock Broker Articles
  Discount Brokers
  Zerodha (Trade at Rs 20)
  RKSV
  Trade Smart Online TSO
  Traditional Brokers
  ICICI Direct
  Sharekhan
  Kotak Securities
  SBI Securities
  HDFC Securities
  Reliance Securities
  Bajaj Capital
  Standard Chartered
  Geojit BNP Paribas
  IDBI Capital
  Motilal Oswal
  Angel Broking
  Ventura
  Indiabulls Securities (ISL)
  India Infoline (IIFL)
  Religare Broking

Lovable Lingeries Ltd IPO (Lovable Lingeries IPO) Detail

Mar 8, 2011 - Mar 11, 2011        
  
   

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.

Company Promoters:

Mr. L. Vinay Reddy, is the Chairman and Managing Director of the Company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Lacs)
31-Dec-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income8,657.218,678.606,881.806,308.114,539.313,189.68
Profit After Tax (PAT)1,260.67978.96601.94393.58329.07290.43

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: Mar 8, 2011 - Mar 11, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 4,550,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 93.28 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 195 - Rs. 205 Per Equity Share
  »»  Market Lot: 30 Shares
  »»  Minimum Order Quantity: 30 Shares
  »»  Listing At: BSE, NSE

Lovable Lingeries Ltd IPO Grading

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.

Check IPO Ratings from other stock analysts.

Lovable Lingeries Ltd IPO Tags:

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.

Lovable Lingeries IPO Reviews:

  1. MLR Securities Private Ltd says 'Subscribe' to Lovable Lingeries Ltd IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 1,592,500  682,500  1,592,500  3,867,500 
 Day 1 - Mar 8, 2011 17:00 IST 0.0000 0.0000 0.1600 0.0700 
 Day 2 - Mar 9, 2011 17:00 IST 0.1300 0.1000 0.7300 0.3700 
 Day 3 - Mar 10, 2011 17:00 IST 21.8700 3.0200 2.6700 10.6400 
 Day 4 - Mar 11, 2011 18:30 IST 21.8700 99.8700 20.8400 35.2100 

Lovable Lingeries IPO News Alerts

  1. Tuesday, March 22, 2011 11:22:12 AM
    IPO Listing - Lovable Lingeries Ltd
  2. Monday, March 21, 2011 3:53:19 AM
    IPO Allotment - Lovable Lingeries Ltd
  3. Friday, March 11, 2011 11:11:08 AM
    Lovable Lingeries IPO finally subscribed 35.21 times on closing day
  4. Thursday, March 10, 2011 7:09:38 AM
    Lovable Lingeries IPO subscribed 10.64 times on day 3
  5. Wednesday, March 9, 2011 7:47:06 AM
    Lovable Lingeries IPO subscribed 0.37 times on day 2
  6. Tuesday, March 8, 2011 7:49:05 AM
    Lovable Lingeries IPO subscribed 0.07 times on day 1
  7. Thursday, March 3, 2011 3:50:21 AM
    Lovable Lingerie fixes it's IPO price band
  8. Monday, February 28, 2011 8:25:32 AM
    Upcoming IPO - Lovable Lingeries Ltd

Lovable Lingeries IPO Rating

   Rating: 3.7
302
3.7
Rating:Rated 3.7 stars

Vote Here ...

   IPO Reviews  |  IPO Gradings

Lovable Lingeries IPO Listing Date

Listing Date:Thursday, March 24, 2011
BSE Scrip Code:533343
NSE Symbol:LOVABLE
Listing In:B Group of Securities
Sector:Other Apparels & Accessories
ISIN:INE597L01014
Issue Price:Rs. 205.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 205.00
Open:Rs. 261.50
Low:Rs. 241.40
High:Rs. 278.95
Last Trade:Rs. 249.20
Volume:17,266,381
NSE
Rs. 205.00
Rs. 240.00
Rs. 240.00
Rs. 278.90
Rs. 249.55
23,297,573

Lovable Lingeries IPO Prospectus

Company Contact Information

Registered Office :
    A - 46, Street No. 2,
    MIDC, Andheri (East),
    Mumbai – 400 093, Maharashtra, India
Phone: +91 22 2838 3581
Fax: +91 22 2838 3582
Email: corporate@lovableindia.in
Website: http://www.lovableindia.in

Lovable Lingeries IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: lovable.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Lovable Lingeries IPO Lead Manager(s)


Stock Brokers in India (Detailed Comparison)

Do you know that we provide detail comparison of stock brokers in India? More than 50,000 traders/investors saved over 60% on the brokerage in last 2 years. Our team of experts has done extra ordinary job in analyzing popular brokers to help investors like you to find the best.

We can help you to choose the right broker. Give us a try...
Name:Phone #:
Email:City, State:
Are you a day trader?

Lovable Lingeries IPO Messages (Lovable Lingeries IPO Comments)

  Post New Message ...  

493. ashishrats  Apr 7, 2011 11:49:05 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ashishrats's - IPO Comments

Following up on my comment (no. 453)...

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

 

492. vas nat  Apr 5, 2011 2:52:40 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
vas nat's - IPO Comments

Lovable repeating Jubliant Food Works ???? Lets see.
No holdings as of now.

 

491. pakka hindustani  Apr 4, 2011 1:39:23 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
pakka hindustani's - IPO Comments

Sharp uprise in Lovable today up 8%. Seems to be Institutional Buy.
Hold it may go to Rs 300.

 

490. triple hhh  Apr 2, 2011 12:15:31 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
triple hhh's - IPO Comments

Finally I got remaining refund of Lovable IPO today via DD....it happnd l8 coz of some MICR changes of Bank of Rajasthan with Icici Bank.....NEWAYS relaxing now !!!

 

489. triple hhh  Mar 30, 2011 1:04:58 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
triple hhh's - IPO Comments

Thanks SK Dash for cool rply....
I also phoned ..computerised system call says wait for 2 more dats to get the refund...enev thereahtr u don`t receive call us again nd register ur qry with us....

Also..Do u have sebi mail on which u r asking me to write the mail...it would be helpful to me !!!

Thanks once again !!!!...

 

488. SkDash  Mar 29, 2011 5:15:19 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments

487-hhh- lovable blog is closed one and nobody is visiting after the close of ipo, hence ur question remain unanswered.

Do the following
1.Sent mail with all details (as per u, u have sent already on 26.3.11.
2. Wait for their response till 2nd of april (1 wk)
3. Then write mail to SEBI, copy to them (RTA), NSE, BSE- Investor cell and dont forget to claim interest @ 18% pa from the expected date of refund (25.3.11) to the date of actual payment as well as cost of damage.

pl let us know the result in recent blog site (i.e. PTC and Shilpi)

Dont worry. Refund and Interest is guaranteed

 

487. triple hhh  Mar 28, 2011 1:53:14 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
triple hhh's - IPO Comments

Thanks for ur kind suggestion Mr.Ravi but I have already sent mail on saturday to 3 addresses
rnt.helpdesk@linkintime.co.in
ipo.helpdesk@linkintime.co.in
lovable.ipo@linkintime.co.in

No response came so far...and the phone lines are not being picked up and getting busy busy busy as well....

What should be done now.....

 

486. Ravi, Bangalore  Mar 28, 2011 12:06:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments

483. triple hhh

Visit following web-site & contact Registrar. Registrar & Compnay contacts are given in this web-site itself.

http://www.linkintime.co.in

E-mail: lovable.ipo @ linkintime.co.in

 

485. triple hhh  Mar 28, 2011 11:39:01 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
triple hhh's - IPO Comments

Strange nobody helping out me :(
Sreedhar..KK..Ravi Bnglore..n all experts of this forum help me out for comment no 483 pleaseeeeeeee

 

484. prakash kundur  Mar 26, 2011 2:33:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
prakash kundur's - IPO Comments

AN ARTICLE FROM VC CIRCLE NEWSLETTER

Lovable Lingerie Impresses; Sequoia Picks More

Sequoia Capital has picked up 1.1% more stake in intimate apparel firm Lovable Lingerie by investing Rs 4.62 crore or a little over $1 million. Ironwood Investment Holdings, an investment entity of Sequoia bought shares from the open market on the debut day of Lovable Lingerie to take its overall group holdings to over 7%.
Lovable Lingerie had a strong debut on the stock market opening at 30% premium to its issue price of Rs 205 and hit a high of Rs 278 before closing at Rs 249.2 or about 22% above issue price on first day post IPO.
The issue, that had a slow start with poor interest from institutional and HNI investors and was initially supported by retail investors, finally ended with over 10 times subscription.
Lovable Lingerie raised Rs 80 crore from the public issue besides the Rs 14 crore it raised from a group of five anchor investors (all domestic mutual funds) at the upper end of the price band of Rs 195-205 each. Earlier, Sequoia had in a pre-IPO investment in the Mumbai-based firm infused Rs 20 crore.
SCI Growth Investments II had picked up one million shares representing 5.95% stake at a price of Rs 200 per share, valuing the company on a post-issue basis at around Rs 336 crore. On Thursday its investment arm acquired shares at Rs 244 per share which means the venture capital firm is bullish on the company. This was the first deal disclosed by Sequoia Capital after the recent departure of the Westbridge team. It is sitting on unrealised gain of around 25% on its one month old investment(not counting its fresh investment.
Founded over two decades ago, Lovable plans to invest Rs 23 crore to set up a manufacturing facility (to create additional capacity) in Bangalore. Lovable also plans to invest Rs 25 crore in its joint venture Lovable Lifestyles Private Limited, which will market, manufacture, distribute and direct retail in the super premium lingerie segment. Lovable will hold 90% stake in the JV with London's Lifestyle Galleries. It will also spend additional amount on brand building and setting up exclusive brand outlets.
Anand Rathi Advisors Limited is the Book Running Lead Manager to the proposed IPO.
The reasonable performance of the stock on day one comes even amidst volatile state of the secondary market which incidentally has shown an upward bias over the past few trading sessions. Demand for lifestyle apparel is expected to grow in the domestic market which should support fundamentals of the company.
It recorded turnover of over Rs 86.95 crore and net profit of Rs 10.55 crore in FY10 as compared to revenues of Rs 68.8 crore and net profit of Rs 2.83 crore in FY09. For the first nine months of FY11, it reported net sales of Rs 88.05 crore with a PAT of Rs 12.6 crore. On an annualised basis it is trading at a valuation of around 25 times its trailing earnings which appears cheap compared to larger listed peer Page Industries that is trading around 28 times its earnings. Page Industries scrip also rose 5.6% on Thursday.

Lovable Lingerie commands a marginally better profit margin compared to Nalanda Capital-backed Page Industries, a licensed manufacturer of the Jockey brand of innerwear in South Asia

 

483. triple hhh  Mar 26, 2011 2:00:08 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
triple hhh's - IPO Comments

All experts...help me please

I applied for 3 full applctions...in 1 appl(on my mothers name) I still didn`t get the refund amount which is 187000/- around. which was supposed to be credited by 25/03/2011 anyhow. Now wat shall I do help me out please..Helpful Suggestions are most welcome

 

482. KK Natarajan  Mar 25, 2011 3:45:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments

Rqavi, Bangalore,
4s are following you like in yesterdays India Australia match! It is not 440 -450 zone. It is 240 - 250 zone!

 

481. Ravi, Bangalore  Mar 25, 2011 1:39:40 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments

Further to my post # 461, I believe it is facing resistance in 440-450 zone. It could fall-down to 221.

 

480. KK Natarajan  Mar 25, 2011 6:36:31 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments

Dear Gane,
It was like a dream come true...to beat Australia in the quarter finals!

Hope you would have enjoyed the match. Though we all thought India could lose because of the bad bowling, in our heart of hearts we all wished for an Indian win and India did win to please all of us!

With Zaheer not having any worthy pace bowling partner...With Harbhajan forgetting the art of taking wickets these days... With Kohli discovering the way of getting out to a rank full toss...With Gambhir repeatedly trying to run his partner out and finally succeeding in getting run out himself...With Dhoni just living by his past reputation as a batsman...In spite of all these we won, because of the cool head of Yuvraj (what a transformation for him!) and the lovely little cameo of Raina!
Now let us enjoy the semi final!

 

479. doctorgaganjain  Mar 24, 2011 6:36:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
doctorgaganjain's - IPO Comments

ongc fpo ka kya raha

 

478. ARCHIT SHAH  Mar 24, 2011 4:20:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ARCHIT SHAH's - IPO Comments

I SELL 48@265 IN MORNING 9:20

 

477. Gane  Mar 24, 2011 4:12:25 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Gane's - IPO Comments

Is it possible that we can buy at CMP by EOD for some profit tomorrow?

Gane.

 

476. SkDash  Mar 24, 2011 4:01:46 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments

k buddies bye- bahat ho gaya lingeries, chalo abhi cable khichenge- see u soon on shilip cable blog
bye lingeries

 

475. SkDash  Mar 24, 2011 3:42:35 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments

473-selva raj
tell yr broker to allow short selling. Others are allowing that. I have shorted @ 258 and covered at 248.

472-dr jain- why personal information, check in check out, age..........

 

474. doctorgaganjain  Mar 24, 2011 3:39:02 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
doctorgaganjain's - IPO Comments

when is ongc fpo coming?
5 april or deferred further?

 

First Page Previous Page [ 1 ] Next Page last Page

 

  Leave your comment ...  

Also visit:

Webpage Last Updated: