WealthTrust Securities IPO oversubscribed within minutes

The initial public offering (IPO) of WealthTrust Securities Limited (WTS) was oversubscribed within minutes, prompting closure at 4:30 p.m. 
The issue offered 71,548,244 ordinary voting shares, at Rs.7 each, to raise Rs.500,837,708 and will list on the Diri Savi Board of the Colombo Stock Exchange. 
A primary dealer authorised by the Central Bank of Sri Lanka and licensed by the Securities and Exchange Commission of Sri Lanka as a stockbroker (debt) and stock dealer (debt), WTS drew strong investor demand. 
The proceeds will strengthen the core capital, enhancing the buffers ahead of the phased minimum core capital increases effective January 1, 2026 and January 1, 2027. 
The capital raise is expected to strengthen WTS’ capacity to absorb market and interest-rate risk exposures from its primary dealer operations, supporting long-term value creation.