CSE’s first IPO in two years oversubscribed on opening day

18 February 2020 09:22 am - 0     - {{hitsCtrl.values.hits}}

A A A

HNB Finance Limited’s Initial Public Offering (IPO) through an offer for sale of 10 million ordinary voting shares, at Rs.5.70 per share, was successfully oversubscribed on the opening day.


As per the section 4.2.8 of the prospectus and introductory document, the applications dispatched by courier or by post to the registrars to the offer, should reach the registrars no later than 4:30 p.m. local time, on the market day, immediately following the offer closing date (i.e. no later than 4:30 p.m., on February 18, 2020).


The IPO has been the first in two years and will entail the listing of 298,200,000 ordinary non-voting shares through an Introduction as well.


Acuity Partners (Pvt.) Limited, the financial advisor and manager to the offer, said that it was pleased with the successful closure of the offer.

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Kidneys that whisper death

A flute version of Beethoven’s ‘Für Elise’ was echoing from a distance

Burning Panamanian tanker leaves SL authorities gutted

Weeks after MV Wakashio, a Japanese-owned bulk carrier, ran aground a coral r

New Diamond on Fire

The fire has been contained, now where will the oil go?

ILLEGAL AUSTRALIAN DRUG REHAB

To have received her son’s death certificate on the day she brought him to