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The initial public offering of Lovable Lingerie (LLL), a women's innerwear manufacturer, opened for subscription. MLR Securities has recommended subscribing the issue with long term perspective, in its research report dated March 8.
Lovable is going to raise about Rs 93.28 crore via issue of 45.5 lakh equity shares at higher end of price band of Rs 195-205 a share.
The report says, "The issue looks attractive as the company has created a niche in women
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