Srilanka, May 9 -- Capital Alliance Holdings Limited's (CALH) Rs. 1.58 billion initial public offering (IPO) was oversubscribed within hours of opening yesterday.
In a filing to the Colombo Stock Exchange (CSE), CALH announced that its offering of 157,500,000 shares at an issue price of Rs. 10 had been met with overwhelming investor interest and was fully subscribed. Consequently, the subscription list for the IPO closed at 4:30 p.m. yesterday (May 8, 2025).
Applications received until the close of business was accepted.
The basis of allotment is expected to be notified to the CSE in due course.
Through the IPO, the company will list 7.6 percent of its stake, equivalent to 157.5 million shares, on the Main Board of the CSE. The shares w...