Lovable Lingerie is one of India leading women's innerwear manufacturers.

Lovable Lingerie's 45.5 lakh shares initial public offering will open for subscription on Tuesday, March 8. Considering attractive valuations and the strong earnings growth potential, Emkay Global Financial Services has recommended subscribing the issue, in its research report dated March 7.
The company has fixed a price band of Rs 195-205 a share, for its initial public offering to raise up to Rs 93.28 crore.

The issue closes on March 11. The company plans to use the proceeds from the IPO for a manufacturing facility, brand promotion and retail expansion.

Objects of Issue
Setting up of a manufacturing facility to create additional capacity at Bengaluru
Expenses to be incurred for brand building
Brand Development expenses for our College Style brand
Investment in Joint Venture
Setting up of exclusive brand outlets (EBOs)
Setting up of retail store modules for shop-in-shop
Up gradation of design studios