Textured Jersey to trade on CSE today

Tuesday, 9 August 2011 01:29 - - {{hitsCtrl.values.hits}}

Textured Jersey Lanka Ltd., will be the latest corporate to trade on the Colombo Stock Exchange (CSE) today bringing the total number of listed companies to 265.

Approximately 655 million shares of Textured Jersey with security code of TJL-N-000 assigned will be listed on the main board of the CSE under the Manufacturing Sector.

The Rs. 1.2 billion worth Textured Jersey IPO last month managed to be oversubscribed by 3 times drawing applications worth Rs. 3.68 billion. The Company offered 80 million shares at Rs. 15 each.

The IPO drew 16,952 applications requesting for 245.8 million shares worth Rs. 3.68 billion.

Retail category applications with payments via bank draft and cheques amounted to 16,904 requesting for 115.1 million shares worth Rs 1.72 billion. Applications with payment via bank guarantees amounted to 48 requesting for 130.7 million shares worth Rs. 1.96 billion.