QIBs give big thumbs up for Lovable Lingerie IPO

The Qualified Institutional Buyers (QIBs) have given a big thumbs up for the Initial Public Offering (IPO) of Lovable Lingerie Limited. The Qualified Institutional Buyers (QIBs) portion of the issue received excellent response garnering subscription of 21.87 times.

The Qualified Institutional Buyers (QIBs) portion has received total bids for 34821210 equity shares against the offer of 1592500 equity shares.

Under QIBs portion, Mutual Funds placed bids for 17502600 equity shares followed by Foreign Institutional Investors (FIIs) who had bid for 11144580 equity shares.

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) have bid for 6076470 equity shares and other have applied for 97560 equity shares.

The QIBs portion of the issue closed for subscription on March 10, 2011.

Source : Equity Bulls

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