Sri Lanka, April 6 -- Chrissworld Limited will become the first SME Company in Sri Lanka to obtain regulatory approval for a listing on the Colombo Stock Exchange.

This is happening after 100 years since the establishment of the Stock Exchange in Sri Lanka. Chrissworld Limited entered the history books on March 26 where a company classified under the category of SME obtained regulatory approval for a listing in the Colombo Stock Exchange SME Empower Board.

"We now hope to raise Rs. 56.2 million from this IPO releasing 25% of our sharers to the public," said Chrisslogix Pvt. Ltd, Chairman and Managing Director, Christopher Perera.

He said that they prefer raising capital through IPO rather than taking bank loans which needs more collate...