HSBC appointed co-banker for Textured Jersey IPO

Wednesday, 29 June 2011 00:48 - - {{hitsCtrl.values.hits}}

HSBC has been appointed as a co-banker for the Textured Jersey Lanka Ltd.’s initial public offering.

The initial public offering of Rs. 1.2 billion will offer 80 million ordinary voting shares at Rs. 15 per share and will be available for subscription from 27 June 2011 and will open on 7 July 2011.

If fully subscribed, the new shares will amount to 12.21% of the issued and paid up ordinary shares of the company, subsequent to the issue.

HSBC will provide the full range of solutions required for an IPO including the collection of applications, clearing of cheques and other instruments as well as processing the refunds after allotment.

With over 140 years of international experience and over 7,500 offices in 87 countries, HSBC offers a full range of banking facilities to its corporate clientele including comprehensive cash management solutions.