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Sri Lanka’s RIL Property IPO draws Rs1.26bn worth applications

Apr 07, 2017 13:22 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – A share issue by RIL Property Limited (RIL), the owner and operator of commercial office space in the Sri Lankan capital Colombo, had drawn applications worth 1.26 billion Rupees, a stock exchange filing said.

RIL Property offered 120 million ordinary voting shares in the Initial Public Offering to raise 960 million Rupees, with the issue being oversubscribed on opening day itself.

The statement said the share issue drew 820 applications with payments by bank drafts and cheques for 89 million shares from retail investors worth 713 million Rupees.

It also got three applications with bank guarantees for 58.7 million shares worth 470 million Rupees, and one application with payment by real-time gross settlement, used for high-value transactions with immediate clearing for 10 million shares worth 80 million Rupees.
(COLOMBO, April 7, 2017)


 

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