IPO Issue Details
Issue Price / Price Band₹205 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size30 Shares per Lot
Total Issue Size45,50,000 shares (aggregating up to ₹93.28 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 08 Mar 2011
Subscription CloseFri, 11 Mar 2011
Anchor AllotmentMon, 07 Mar 2011
Basis of AllotmentThu, 17 Mar 2011
Initiation of RefundsFri, 18 Mar 2011
Credit of Shares to DematFri, 18 Mar 2011
Listing DateThu, 24 Mar 2011
UPI Mandate Deadline2011-03-11
Application & Investment Details
Retail — Min (1 Lots)₹6,150 — 30 shares
Retail — Max (13 Lots)₹79,950 (13 Lots)
HNI — Min (33 Lots)₹2,02,950 — 990 shares
Pre-IPO Promoter Holding1,22,50,000 shares
Post-IPO Promoter Holding1,68,00,000 shares
About Lovable Lingerie Ltd.
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.
Objects of the Issue
Lovable Lingerie Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up of manufacturing facility to create additional capacity at Bengaluru
22.85
2
2 Expenses to be incurred for Brand Building
18.00
3
3 Brand Development expenses for our “College Style” brand
6.00
4
4 Investment in Joint Venture
25.00
5
5 Setting up of Exclusive Brand Outlets (“EBO’s”)
14.12
6
6 Setting up of retail store modules for “shop-in-shop”
3.61
7
7 Up gradation of design studios
7.60
8
8 General corporate purpose
23.96
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,22,50,000 shares
Post-IPO Promoter Holding
1,68,00,000 shares