Lovable Lingerie :
Women's innerwear manufacturer Lovable Lingerie has entered capital market with an aim to raise about Rs 93.28 crore via its public issue of 45.5 lakh equity shares of face value of Rs 10 each.
So far the company has received good response for its anchor investor portion garnering Rs 14 crore. It received another Rs 20 crore from private equity player Sequoia Capital. The price band is fixed at Rs 195-205 a share for the issue, which closes on March 11.Incorporated in 1987, Lovable Lingeries Ltd is one of India's leading women's innerwear manufacturers. Company was licensed the brand "Lovable" from Lovable World Trading Company, USA in 1995. "LOVABLE" is India's First Premium International Lingerie Brand.Company's products include brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products. "Lovable" and "Daisy Dee" are the flagship brands. Company is headquartered in Mumbai, Maharashtra and has three manufacturing facilities of which two are situated at Kanakapura road in Bengaluru and one is situated in Roorkee, Uttarakhand. Company's brand "Lovable" is amongst the top three most preferred brand in women’s innerwear in India.
Company Promoters:
Mr. L. Vinay Reddy, is the Chairman and Managing Director of the Company.Company Financials:
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 8,657.21 | 8,678.60 | 6,881.80 | 6,308.11 | 4,539.31 | 3,189.68 |
| Profit After Tax (PAT) | 1,260.67 | 978.96 | 601.94 | 393.58 | 329.07 | 290.43 |
Objects of the Issue:
The objects of the Issue are:1. Setting up of a manufacturing facility to create additional capacity at Bengaluru;
2. Expenses to be incurred for Brand Building;
3. Brand Development expenses for "College Style" brand;
4. Investment in Joint Venture;
5. Setting up of Exclusive Brand Outlets ("EBO’s");
6. Setting up of retail store modules for "shop-in-shop";
7. Up gradation of design studios;
8. General corporate purpose; and
9. Public issue expenses.
Issue Detail:
»» Issue Open: Mar 08, 2011 - Mar 11, 2011»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 4,550,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 88.73 - 93.28 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 195 - Rs. 205 Per Equity Share
»» Market Lot: 30 Shares
»» Minimum Order Quantity: 30 Shares
»» Listing At: BSE, NSE
Lovable Lingeries Ltd IPO Grading
CARE has assigned an IPO Grade 3 to Lovable Lingeries Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Bidding Status (IPO subscription detail):
| Number of Times Issue is Subscribed (BSE + NSE) | ||||||||||
| As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Total | ||||||
| Shares Offered / Reserved | 1,592,500 | 682,500 | 1,592,500 | 3,867,500 | ||||||
| Day 1 - Mar 08, 2011 17:00 IST | 0.0000 | 0.0000 | 0.1600 | 0.0700 | ||||||
IPO Listing Detail
| Listing Date: | |
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| NSE Symbol: | |
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| Issue Price: | |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
Lovable Lingeries Ltd IPO Links
Company Contact Information
Registered Office :
A - 46, Street No. 2,
MIDC, Andheri (East),
Mumbai – 400 093, Maharashtra, India
Phone: +91 22 2838 3581
Fax: +91 22 2838 3582
Email: corporate@lovableindia.in
Website: http://www.lovableindia.in
A - 46, Street No. 2,
MIDC, Andheri (East),
Mumbai – 400 093, Maharashtra, India
Phone: +91 22 2838 3581
Fax: +91 22 2838 3582
Email: corporate@lovableindia.in
Website: http://www.lovableindia.in
Registrar of the Issue
Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: lovable.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: lovable.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Book Running Lead Manager(s)
Lovable Lingeries Ltd IPO Message Board
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Lovable Lingeries Ltd IPO Alerts
1. Tuesday, March 08, 2011 7:49:05 AM
2. Thursday, March 03, 2011 3:50:21 AM
3. Monday, February 28, 2011 8:25:32 AM
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