Mackwoods Energy launches Rs. 350 m IPO

Mackwoods Energy launched its Rs. 350 million Initial Public Offering (IPO) of 25 million ordinary shares at Rs. 14 each on Monday.

The issue, which opens on 22 March, will see 25% of the company’s shares vested with the public if fully subscribed to be listed on the main board of the Colombo Stock Exchange (CSE). From left: Head of Capital Market NDB Investment Bank S. Kekiriwaragodage, NDB Investment Bank Director/CEO D. Perera, Mackwood Energy Director F.L. Fonseka, Mackwoods Energy Co-Chairman N. S. M. Samaratunga, Mackwoods Energy Managing Director A. L. Yatawara, Mackwoods Energy Director S. M. Liyanage, Mackwoods Energy Director L. L. Samarasinghe and Mackwoods Energy Director L. J. K. Hettiaratchi at the head table at the launch

– Pic by Daminda Harsha Perera