PickMe rides to positive debut

Friday, 4 October 2024 00:26 -     - {{hitsCtrl.values.hits}}

Shares of leading mobility solutions app, PickMe owner Digital Mobility Solutions Lanka Ltd., had a positive debut yesterday in the Colombo Stock Exchange (CSE).

The stock closed with a gain of 8.33% or Rs. 3 to Rs. 39 with 1.67 million shares changing hands via 825 trades generating turnover of Rs. 66.36 million. The price range yesterday was Rs. 41.50 and Rs. 38.90.

The successful IPO last month involved issuance of shares worth Rs. 1.56 billion (43,474,179 existing ordinary voting shares at Rs. 36 each), and when it closed on the opening day itself on 13 September, the demand had been for shares worth Rs. 4.2 billion. The shareholding percentage on offer is 13.04%. There had been 866 applications requesting for 116.646 million shares worth Rs. 4.199 billion. – See Page 7 as well.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.