Capital Alliance kicks off virtual investor forum on upcoming IPO

From left: CAL Group Chief Risk Officer Sharmali Perera, Capital Alliance (CALT) Managing Director Somadasa Palihawadana, CAL Group CEO Ajith Fernando, Assistant Vice President Sanura Silva and CALT Assistant Vice President Damien Rayen 

Capital Alliance Ltd. (CALT), one of Sri Lanka’s non-bank primary dealers, is pleased to announce the successful conclusion of its Virtual Investor Forum. 

The event was held to bring together investors from across a wide spectrum of disciplines, both foreign and local, to discuss CALT’s upcoming Initial Public Offering (IPO) scheduled for 25 November. Through this event, investors were able to meet and understand the company’s management team and future growth strategies.

Institutional investors, high-net-worth individuals and retail investors alike, keenly participated at the Investor Forum, engaging in in-depth conversations with key stakeholders of CALT. 

As a part of the wider Capital Alliance Group (CAL), CALT is able to draw from the Group’s wealth of experience, having been in business for over two decades. 

Discussing the successful conclusion of the Investor Forum, CAL Group CEO Ajith Fernando said: “We’re pleased to have been able to convincingly present our case to investors and discuss the value that CALT brings to the table. Wide-ranging questions were raised during the session, which we were able to answer satisfactorily, leaving potential investors in no doubt of our position and goals for the future.  “As we get nearer to the opening date for the IPO, we take this opportunity to reaffirm our commitment to our prospective investors, clients, and all other stakeholders. We look forward to the next chapter of our growth story, as a publicly listed company.”

Capital Alliance Ltd. will offer 41,177,236 shares to the public (for a 12.5% stake) at an IPO price of Rs. 10.00 per share. The Issue will raise Rs. 411,772,360 which will be channelled towards strengthening the core capital of the Capital, thus allowing it to expand its investments into specific instruments which will generate returns to its shareholders. 

Established in the year 2000, CALT began its journey as a Debt Securities Dealer and eventually was appointed as a Primary Dealer by the CBSL. CALT is a constituent of the larger Capital Alliance Group (CAL) and forms the Securities Trading arm of the Group, dealing in a wide array of instruments such as Government Securities and Corporate Debt Securities.  CALT will be the first standalone Primary Dealer to list their equity shares on the CSE. The CAL Group has become one of the leading Investment Banks in Sri Lanka, offering Equity and Debt Advisory, Stockbroking, Fund Management, Private Equity and Securities Research services to a wide clientele.