Lovable Lingerie IPO opens for subscription

The Initial Public Offering (IPO) of Lovable Lingerie Limited has opened for subscription by investors today (March 8, 2011). The company has come out with Public issue of 45,50,000 Equity Shares Of Rs 10/- each (including Anchor Portion of 6,82,500 equity shares) for cash at a price band of Rs.195 to Rs.205 through 100% Book Building process.

The Minimum Order Quantity is 30 Equity Shares and in multiples of 30 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

Anand Rathi Advisors Limited is the Book Running Lead Manager and Syndicate Member to the public issue. Link Intime India Private Limited is the registrar to the company.

The Rating Agency CARE has assigned IPO Grading of IPO GRADE 3.

The IPO closes for subscription on March 11, 2011. For QIB bidders Issue closes on Mar 10, 2011.

Source : Equity Bulls

Keywords