Reply To:
Name - Reply Comment
Last Updated : 2024-04-26 07:28:00
The WindForce Limited initial public offering (IPO) of Rs.3.2 billion, the largest IPO announced at the Colombo Stock Exchange (CSE) since 2011, has attracted applications amounting to a value of Rs.25.7 billion, the Colombo Stock Exchange (CSE) said in a brief statement yesterday.
According to the exchange, this demonstrates the strong appetite for IPOs among investors in the Sri Lankan stock market. The company’s IPO for 202,615,341 shares, at an issue price of Rs.16.00 per share, was oversubscribed by eight times on the initial day.
WindForce Limited is scheduled to commence trading on the Main Board of the CSE, during the latter part of April 2021. “The listing application of the company was approved by the CSE within a record time of three weeks, in line with the CSE’s recent revamp of the listing process to better serve the funding requirements of companies listing on the stock exchange.
The initiative has simplified the process, eliminated redundant approval steps, moved away from a dual approval process, reduced documentation and improved the time-to-market for new and follow-on offerings of equity and debt,” the statement added.
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
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul