Lovable Lingerie sets Rs 195-205 per share IPO price band

IPO opens for bidding on 8 March 2011

Inner-wear manufacturer Lovable Lingerie has fixed a price band of Rs 195-205 per share for its initial public offering (IPO) which opens for bidding on 8 March 2011. The IPO which closes on 11 March 2011 would constitute 27.08% of the post issue paid-up capital of the company. The company plans to raise up to Rs 93.28 crore by offering 45.50 lakh shares through the forthcoming IPO.



The company plans to use the proceeds from the IPO for a manufacturing facility, brand promotion and retail expansion.