JAT Holdings Limited 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 today (20th July 2021) was oversubscribed on the initial 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 Bn. Accordingly, the issue will be closed at 4.30 PM today (20th July 2021).
Commenting on the development, the CEO of CSE Mr. Rajeeva Bandaranaike remarked, “We are happy to welcome JAT Holdings Limited as the tenth 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.69.65Bn of capital raised so far. We are confident of this growth trajectory in establishing the CSE as a facilitator of capital.”