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Thursday December 9th, 2021
Markets

Sarvodaya Development Finance IPO oversubscribed

ECONOMYNEXT – An initial public offer of Sarvodaya Development Finance has been oversubscribed and will close on the opening day of November 23, registrars said.

SDF sought to raise 22.7 million shares and if oversubscribed, issue up 45.4 million shares.

Registrars PW Corporate Secretarial (Pvt) Ltd said subscriptions exceeding a billion rupees and 45.4 million shares had been received.

All applications up to 4.30 pm will be accepted. (Colombo/Nov23/2021)

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