Strong debut by Kapruka; share price gains by 45%

Saturday, 8 January 2022 01:30 - - {{hitsCtrl.values.hits}}

eCommerce pioneer Kapruka Holdings Ltd. yesterday made a strong debut on the Colombo stock market.

Its share price peaked to a high of Rs. 24.40 before closing at Rs. 22.30, up by Rs. 6.90 or 45% from its IPO price. Over 17 million shares changed hands via 7,059 trades for Rs. 390.47 million.

The company offered 32,826,000 ordinary voting shares, or a 20% stake in the company, at Rs. 15.40 per share. The IPO, managed by Acuity Partners, was oversubscribed 5.8 times.

Stock market ends stellar week on high note

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.