Lovable Lingerie IPO garners subscription of 34.59 times

The Initial Public Offering (IPO) of Lovable Lingerie Limited has received excellent response from investors, with the issue garnering subscription of 34.59 times.

The IPO has received total bids for 133765080 equity shares against the offer of 3867500 equity shares. The issue has received bids for 22531260 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 21.87 times with bids for 34821210 equity shares against the offer of 1592500 equity shares.

The Non Institutional Investors portion of the issue has received bids for 68162130 equity shares against the offer of 682500 equity shares with subscription of 99.87 times.

The Retail Individual Investors (RIIs) portion of the issue has garnered subscription of 20.84 times with bids for 33186540 equity shares against the offer of 1592500 equity shares.

Source : Equity Bulls

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