• Last Update 2022-01-21 19:28:00

STOCKS-Hela Apparel Holdings IPO oversubscribed on opening day

Business

 

 

The Initial Public Offering (IPO) of Hela Apparel Holdings Ltd, through an offer for subscription of 267,108,998 shares at a price of Rs. 15 per share, which opened today (12th January 2022) was oversubscribed on the initial day itself, the Colombo Stock Exchange said.

 

The IPO by Hela Apparel Holdings Limited received applications for over the IPO value of Rs. 4 billion, and this IPO is the largest issue since 2011, the exchange said. (Duruthu)

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