Tue, 20 Apr 2021 Today's Paper

WindForce IPO draws Rs.25.7bn worth of applications

1 April 2021 09:19 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • CSE says this demonstrates strong appetite for IPOs among investors

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.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

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




What is in a meme?

As fun as memes are, what do they mean for our mental health? An expert has a

Justice Delayed is Justice Denied!

Two years after the Easter Sunday carnage people are left with false hopes an

Cinematic links between director Lester and actor Gamini

Sinhala cinema’s pioneering director Lester James Peries is the Sri Lankan

Difficult to forgive Easter Sunday bombers: Brother of tourists killed in Sri Lanka

This year marks two years since the deadly Easter Sunday attacks in Sri Lanka

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.