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Monday, March 21, 2011

Lovable Lingerie IPO Price fixed at Rs.205

Lovable Lingerie, India’s one of the biggest women’s innerwear manufacturers, fixed the IPO price at higher end of price band which was Rs 195-205. So the IPO price is fixed at Rs.205 per share for their initial public offer of 45,50,000 equity shares with Rs.10 face value per share.

This IPO closed on March 11, 2011, and it was subscribed 35.21 times (as per preliminary data from BSE and NSE). The qualified institutional buyers' portion was subscribed around 21.87 times. The non-institutional investors' portion was subscribed around 99.87 times and retail individual investors around 20.84 times.

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