Mackwoods Energy announces Rs. 350 m IPO

Mackwoods Energy Ltd., has announced a Rs. 350 million worth Initial Public Offering (IPO).

This is following the Colombo Stock Exchange approving in principle an application to list ordinary shares of the company on the Main Board.

Mackwoods Energy will offer 25 million voting shares at Rs. 14 each. Official opening of the IPO is 22 March whilst the public can subscribe from 8 March.

Financial advisors and managers to the issue is NDB Investment Bank whilst registrars to the issue is SSP Corporate Services Ltd.