High net worth interest for Singhe IPO

27 March 2015 03:52 am - 0 - {{hitsCtrl.values.hits}}

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High net worth investor appetite is rumoured to have drawn by the lagging Singhe Hospitals IPO with the number of shares applied exceeding 60 million to the value of over Rs.150 million.

The company had offered 100 million shares valued at Rs.2.50 each for a total IPO value of Rs.250 million, which represented 25 percent of its shares.
The funds are to be used to settle Rs. 150 million debt, and for capital expansion.

Singhe Hospitals currently operates a 50-bed hospital in Ratnapura, and Founder Chairman/CEO A. M. Weerasinghe will own 74.67 percent of the shares in the company following the IPO.

The IPO opened on March 12 and will be kept open till March 31, 2015.

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High net worth interest for Singhe IPO

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