Tuesday, March 8, 2011

Subscribe to Lovable Lingerie IPO: MLR Securities

MLR Securities recommended investors to Subscribe the issue of Lovable Lingeries Ltd. The issue looks attractive as the company has created a niche in women's innerwear market with an established brand name catering to the premium and mid‐market segment. The company is almost debt free and the valuations are quite reasonable compared to peers.

Few concerns remain on the sustainability of the margins going forward with low pricing power on account of fragmented nature of the industry makes the issue a tad risky. We recommend investors with high risk appetite to SUBSCRIBE to the issue the for a long term time frame.

For detail analysis please visit following link: