Non Institutional Investors portion of Lovable Lingerie IPO subscribed whopping 99.87 times

The Non Institutional Investors have bet big on the Initial Public Offering (IPO) of Lovable Lingerie Limited. The Non Institutional Investors portion of the issue received tremendous response with subscription of 99.87 times.

The Non Institutional Investors portion received total bids for 68162130 equity shares against the offer of 682500 equity shares.

Under Non Institutional Investors portion, Corporates placed bids for 34256220 equity shares, Individuals (Other than RIIs) placed bids for 33818880 equity shares and Others placed bids for 87030 equity shares.

The company came 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.

Source : Equity Bulls

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