Lovable Lingerie IPO subscribed over 10 times

Women's innerwear manufacturer Lovable Lingerie's IPO has received a good response from investors, especially from qualified institutional investors (QIBs) and subscribed 10.64 times. The issue has received bids for about 4 crore equity shares as against issue size of 38.67 lakh shares.
Reserved portion of QIBs was subscribed 21.87 times. Retail and non-institutional investors' portion was subscribed around 3 times.
The company plans to raise about Rs 93.28 crore at higher end of price band of Rs 195-205 a share.