Lovable Lingerie IPO to open on March 8

Women’s innerwear manufacturer Loveable lingerie will be entering the market with a public issue of 45,50,000 equity shares of Rs 10 each on International Women’s Day,March 8.

“The objective of the issue includes setting up of a manufacturing facility to create additional capacity at Bangalore,” a company official said here today.

He added,the firm will use the issue proceeds for brand building of their ‘college style’ brand,investment in joint venture,setting up exclusive brand outlets along with retail store modules for shop-in-shop,and upgradation of design studios,other than general corporate purposes.