Lovable Lingerie IPO subscribed 10.33 times

The Initial Public Offering (IPO) of Lovable Lingerie Limited has received excellent response from investors with subscription of 10.33 times till 4:00 PM on Thursday - March 10, 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) at a price band of Rs.195 to Rs.205 through 100% book building process.

The IPO has received total bids for 39964110 equity shares against the offer of 3867500 equity shares. The issue has received bids for 2132190 equity shares at cut-off price.

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

Source : Equity Bulls

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