Expolanka IPO oversubscribed
May 12, 2011 12:21 pm
The Colombo Stock Exchange (CSE) has announced that the Initial Public Offering (IPO) of the Expolanka group which commenced a short while ago has been oversubscribed. According to the CSE the issue will be open till 4.30 pm today in keeping with the CSE regulations.
Company which issued 172 million shares at an issue price of Rs. 14 per share is planning to raise Rs. 2.4 billion out of this IPO.
The Basis of allotment is to be notified to the CSE in due course.
