The book-built issue of the Lovable Lingeries IPO is valued at Rs 93.28 crore. The IPO bidding for Lovable Lingeries began on March 8, 2011, and concluded on March 11, 2011. On March 24, 2011, the shares were listed on the BSE and NSE. The IPO price range for Lovable Lingeries is ₹195 to ₹205 per share. An application must have a minimum lot size of thirty shares. Retail investors are required to invest a minimum of ₹6,150.
Lovable Lingeries Ltd., one of India’s top producers of women’s pants, was founded in 1987. In 1995, the company obtained a license to use the “Lovable” trademark from Lovable World Trading Company, USA. India’s first premium international lingerie brand is called “LOVABLE“. Products from the company include sleepwear, shapewear, homewear, panties, slips and camisoles, and foundation clothes. The two main brands are “Daisy Dee” and “Lovable“. The company has three manufacturing facilities: two are located in Bengaluru on Kanakapura Road, and one is in
Roorkee, Uttarakhand. The company’s headquarters are in Mumbai, Maharashtra. The company’s “Lovable” brand is one of the top three most favoured brands in India for women’s undergarments.
Lovable Lingeries IPO Details
| 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 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,150 |
| Retail (Max) | 32 | 960 | ₹196,800 |
Lovable Lingeries IPO Reservation
| 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%) |
Lovable Lingeries Company Financials
| Particulars | 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 |
Objects of the Issue (Lovable Lingeries IPO Objectives)
The objects of the Issue are:
- Setting up of a manufacturing facility to create additional capacity at Bengaluru;
- Expenses to be incurred for Brand Building;
- Brand Development expenses for “College Style” brand;
- Investment in Joint Venture;
- Setting up of Exclusive Brand Outlets (“EBOs”);
- Setting up of retail store modules for “shop-in-shop”;
- Up gradation of design studios;
- General corporate purpose; and
- Public issue expenses.
Lovable Lingeries IPO Listing Details
| Listing Date | March 24, 2011 |
| BSE Script Code | 533343 |
| NSE Symbol | LOVABLE |
| ISIN | INE597L01014 |
| Final Issue Price | ₹205 per share |
Lovable Lingeries Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹205.00 | ₹205.00 |
| Open | ₹261.50 | ₹240.00 |
| Low | ₹241.40 | ₹240.00 |
| High | ₹278.95 | ₹278.90 |
| Last Trade | ₹249.20 | ₹249.55 |
Lovable Lingeries Ltd Contact Details
Lovable Lingeries Ltd
A – 46, Street No. 2,
MIDC, Andheri (East),
Mumbai 400 093, Maharashtra, India
Phone: +91 22 2838 3581
Email: [email protected]
Website: http://www.lovableindia.in
Lovable Lingeries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Lovable Lingeries IPO FAQs:
Q1. What is Lovable Lingeries IPO?
Ans. 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.
Q2. When Lovable Lingeries IPO will open?
Ans. The Lovable Lingeries IPO opens on March 8, 2011 and closes on March 11, 2011.
Q3. What is the lot size of Lovable Lingeries IPO?
Ans. Lovable Lingeries IPO lot size is 30 Shares, and the minimum amount required is ₹6,150.
Q4. When is Lovable Lingeries IPO listing date?
Ans. The Lovable Lingeries IPO listing date is on March 24, 2011.
