Don't Miss The Lovable Lingerie IPO! Subscribe To It Right Away
Lovable Lingerie Ltd, one among the top manufacturers of women's innerwear, has come up with an initial public offer (IPO) of INR932.75 million. The issue is open from 8th March 2011 to 10th March 2011, with the price band of the issue set at 195-2
Online, March 9, 2011 (Newswire.com) - Lovable Lingerie Ltd, one among the top manufacturers of women's innerwear, has come up with an initial public offer (IPO) of INR932.75 million. The issue is open from 8th March 2011 to 10th March 2011, with the price band of the issue set at 195-205 per share. The issue will consist of 4,550,000 equity shares, each with a face value of INR10.
The company's flagship brands include Lovable, targeting the premium segment, and Daisy Dee that targets the mid market segment. The company presently has 3 manufacturing facilities, with an annual capacity of 6.75 mn pieces.
The raised capital would be directed towards the setting up of a 2.5 mn pieces/year capacity manufacturing facility in Bangalore. The company will also utilize the capital in a 90:10 JV with Lifestyle Galleries of London Ltd, UK. The company also plans to set up 60 exclusive brand outlets for "Lovable" in major cities across India.
If you wish to subscribe to this issue, a demat account is mandatory. Basic documentation required to open a demat account includes a PAN card, residence proof and ID proof. For more details visit: www.stockexchange9.in
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Tags: Bombay stock exchange, Lovable Lingerie Ltd - IPO, open demat account, stock exchange
