• Last Update 2021-08-01 13:36:00

JAT Holdings share issue oversubscribed on the opening day

Business

 

JAT Holdings Ltd Initial Public Offering (IPO) of 82,904,846 Ordinary Voting Shares by way of a combination of an offer for subscription and an offer for sale at the Colombo Stock Exchange (CSE) which opened on Tuesday was oversubscribed on the same day itself.

The IPO offered for Subscription of 55,814,700 Ordinary Voting Shares at Rs. 27/- per share. 27,090,146 Ordinary Voting Shares at Rs. 27/- per share were offered for Sale. The above issue by JAT Holdings Limited received applications for over Rs. 2.2 billion, the CSE said in a statement.

Commenting on the development, CEO of CSE Rajeeva Bandaranaike said, “We are happy to welcome JAT Holdings Limited as the 10th new listing and fourth equity listing for the year 2021 on the CSE with a successful equity IPO.  2021 has been a significant year for the CSE as the capital market has facilitated Rs.69.65 billion of capital raised so far. We are confident of this growth trajectory in establishing the CSE as a facilitator of capital.”

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