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Lovable Lingerie IPO is a book build issue of ₹93.28 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹93.28 crore.
Lovable Lingerie IPO bidding started from Mar 8, 2011 and ended on Mar 11, 2011. The shares got listed on BSE, NSE on Mar 24, 2011.
Lovable Lingerie IPO price band is set at ₹205.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,850 (30 shares). The lot size investment for sNII is 33 lots (990 shares), amounting to ₹2,02,950, and for bNII, it is 163 lots (4,890 shares), amounting to ₹10,02,450.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Lovable Lingerie IPO RHP for detailed Information.
| IPO Date | March 8, 2011 to March 11, 2011 |
| Listing Date | March 24, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹195 to ₹205 per share |
| Issue Price Final | ₹205 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,50,000 shares (aggregating up to ₹93.28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,22,50,000 shares |
| Share Holding Post Issue | 1,68,00,000 shares |
Lovable Lingeries IPO offers total 45,50,000 shares. Out of which 22,75,000 (50.00%) allocated to QIB, 15,92,500 (35.00%) allocated to QIB, 6,82,500 (15.00%) allocated to NII, 15,92,500 (35.00%) allocated to RII and 6,82,500 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 22,75,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 6,82,500 (15.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,92,500 (35.00%) | NA |
| NII (HNI) Shares Offered | 6,82,500 (15.00%) | NA |
| Retail Shares Offered | 15,92,500 (35.00%) | 53,083 |
| Total Shares Offered | 45,50,000 (100.00%) |
Lovable Lingerie IPO opens on March 8, 2011, and closes on March 11, 2011.
| IPO Open Date | Tue, Mar 8, 2011 |
| IPO Close Date | Fri, Mar 11, 2011 |
| Tentative Listing Date | Thu, Mar 24, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 11, 2011 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,150 |
| Retail (Max) | 32 | 960 | ₹1,96,800 |
| S-HNI (Min) | 33 | 990 | ₹2,02,950 |
| S-HNI (Max) | 162 | 4,860 | ₹9,96,300 |
| B-HNI (Min) | 163 | 4,890 | ₹10,02,450 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 |
| KPI | Values |
|---|---|
| RoNW | 43.33% |
The Company Lovable Lingeries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of manufacturing facility to create additional capacity at Bengaluru | 22.85 |
| 2 | Expenses to be incurred for Brand Building | 18.00 |
| 3 | Brand Development expenses for our “College Style” brand | 6.00 |
| 4 | Investment in Joint Venture | 25.00 |
| 5 | Setting up of Exclusive Brand Outlets (“EBO’s”) | 14.12 |
| 6 | Setting up of retail store modules for “shop-in-shop” | 3.61 |
| 7 | Up gradation of design studios | 7.60 |
| 8 | General corporate purpose | 23.96 |
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.Click here to download the CARE IPO Grading Document for Lovable Lingeries Ltd.
Lovable Lingeries Ltd IPO, Lovable Lingeries IPO,Lovable Lingeries IPO Bidding, Lovable Lingeries IPO Allotment Status, Lovable Lingeries IPO drhp and Lovable Lingeries IPO listing.
| Listing Date | March 24, 2011 |
| BSE Script Code | 533343 |
| NSE Symbol | LOVABLE |
| ISIN | INE597L01014 |
| Final Issue Price | ₹205 per share |
| BSE Listing Group | B |
Lovable Lingerie Ltd.
A - 46, Street No. 2,
MIDC, Andheri (East),
Mumbai – 400 093, Maharashtra, India
Mumbai, Maharashtra
Phone: +91 22 2838 3581
Email: corporate@lovableindia.in
Website: http://www.lovableindia.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: lovable.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lovable Lingerie IPO is a main-board IPO of 45,50,000 equity shares of the face value of ₹10 aggregating up to ₹93.28 Crores. The issue is priced at ₹205 per share. The minimum order quantity is 30.
The IPO opens on March 8, 2011, and closes on March 11, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Lovable Lingerie IPO using UPI as a payment gateway. Zerodha customers can apply in Lovable Lingerie IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lovable Lingerie IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lovable Lingerie IPO opens on March 8, 2011 and closes on March 11, 2011.
Lovable Lingerie IPO lot size is 30, and the minimum amount required for application is ₹6,150.
You can apply in Lovable Lingerie IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Lovable Lingerie IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lovable Lingerie IPO allotment status.
The Lovable Lingerie IPO listing date is on Thursday, March 24, 2011.
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