CSE approves Expolanka Holdings’ Rs. 2.4 b IPO

The Colombo Stock Exchange (CSE) said yesterday it has approved in principle an application for listing the ordinary voting shares of Expolanka Holdings Ltd.

Transportation sector-heavy but diversified Expolanka’s Initial Public Offering (IPO) will issue 172 million ordinary voting shares at Rs. 14 each.

The issue worth Rs. 2.4 billion has been highly anticipated by the investor community.

The officially opening of the IPO is 12 May whilst prospectus will be out on 25 April.

Lead managers to the offer is John Keells Capital whilst joint managers is CT Capital Ltd. SSP Corporate Services Ltd. is the registrars to the offer.