Bookbuilding IPO | ₹93 Cr | Listed at BSE, NSE | Tue, Mar 8, 2011 - Fri, Mar 11, 2011
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 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹6,150 (30 shares) (based on upper price). 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 Open
Tue, Mar 8, 2011
IPO Close
Fri, Mar 11, 2011
Issue Price
₹205 per share
Market Cap (Pre-IPO)
₹344.40 Cr
| IPO Date | 8 to 11 Mar, 2011 |
| Listed on | Thu, Mar 24, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹205 |
| Issue Price | ₹205 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 45,50,000 shares (agg. up to ₹93 Cr) |
| Fresh Issue | 45,50,000 shares (agg. up to ₹93 Cr) |
| Share Holding Pre Issue | 1,22,50,000 shares |
| Share Holding Post Issue | 1,68,00,000 shares |
| BSE Script Code / NSE Symbol | 533343 / LOVABLE |
| ISIN | INE597L01014 |
Lovable Lingerie IPO comprises a total issue size of 45,50,000 shares. Out of which, 22,75,000 (50.00%) are allocated to QIB, 6,82,500 (15.00%) allocated to NII 15,92,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| Total | 121.14 |
| KPI | |
|---|---|
| RoNW | 43.33% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91.84% | 66.96% |
| Market Cap | ₹344.40 Cr. |
The Lovable Lingeries IPO is subscribed 35.21 times on March 11, 2011 6:30:00 PM (Day 4). The public issue subscribed 20.84 times in the retail category, 21.87 times in the QIB category, and 99.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 21.87 | 15,92,500 | |
| NII | 99.87 | 6,82,500 | |
| Retail | 20.84 | 15,92,500 | |
| Total | 35.21 | 38,67,500 |
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.
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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, Syndicate fees, underwriting and selling commission (including commission to SCSB for ASBA applications) and brokerage | 4.46 |
| 2 | Advertisement and marketing expenses | 0.87 |
| 3 | Printing and stationery (including expenses on transportation of the material) | 1.20 |
| 4 | Others (Filing Fees with SEBI, BSE and NSE, Registrar’s fees, legal fees, IPO Grading, listing fees, traveling and other misc. expenses etc.) | 1.93 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹205.00 | ₹205.00 |
| Open | ₹261.50 | ₹240.00 |
| Low | ₹241.40 | ₹240.00 |
| High | ₹278.95 | ₹278.90 |
| Last Trade | ₹249.20 | ₹249.55 |
Lead Manager Reports
Lovable Lingerie IPO is a main-board IPO of 45,50,000 equity shares of the face value of ₹10 aggregating up to ₹93 Crores. The issue is priced at ₹205 per share. The minimum order quantity is 30.
The IPO opens on Tue, Mar 8, 2011, and closes on Fri, Mar 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 Tue, Mar 8, 2011 and closes on Fri, Mar 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 Thu, Mar 24, 2011.
