Lovable Lingerie had a strong debut on its listing day at both the exchanges. On the BSE, the stock listed with a premium of 27.5 per cent at Rs 261.50 as against the issue price of Rs 205. On the NSE, it listed at a premium of 17 per cent at Rs 240.
The stock closed the day at Rs 249.20 on the BSE and at Rs 252.35 on the NSE.
It touched a day's high of around Rs 278 on both the bourses. The day's low on the NSE was the listing price itself while on the BSE it was Rs 241.40. Almost a total of four crore shares of the company were traded on both the bourses.
The company raised around Rs 80 crore via its initial public offering and plans to invest it in a new facility in Bangalore along with marketing and manufacturing products in the super premium lingerie segment.
Sequoia raises holding
Sequoia Capital raised its holding by 1.1 per cent to bring its overall holding to seven per cent on Thursday.
According to shareholding pattern available with the exchanges, promoters stake stood at 66.96 per cent while mutual funds at 9.13 per cent. The stake of foreign institutional investors stood at 2.83 per cent and retail investors hold about 11 per cent in the company.
According to NSE bulk deal data, SBI sold 1.3 lakh shares even as Rising India Focus Fund bought 1.9 lakh shares.
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