IPO subscriptions open on May 8 as the group strengthens its presence in financial services.
ECONOMYNEXT — Capital Alliance Holdings Limited, a diversified financial services group with operations spanning Sri Lanka and Bangladesh, has announced plans to raise 1.575 billion rupees through an initial public offering (IPO).
According to a notice from the Colombo Stock Exchange, subscriptions for the IPO will open on May 8, 2025. Capital Alliance is offering 157.5 million shares at a price of 10 rupees per share.
The group operates a primary dealership in Sri Lankan government securities and has expanded into various financial sectors, including fund management, equity trading, and corporate finance advisory.
In the fund management segment, Capital Alliance Investments Ltd manages operations in Sri Lanka, while CAL Investments Ltd handles activities in Bangladesh. The group’s equity trading businesses are operated by Capital Alliance Securities (Pvt) Ltd in Sri Lanka and CAL Securities Ltd in Bangladesh.
Corporate finance and advisory services are provided through Capital Alliance Partners Ltd, catering to the needs of clients within Sri Lanka’s growing financial sector.
The IPO is expected to bolster Capital Alliance’s expansion efforts, positioning the company to seize emerging opportunities in both domestic and regional markets.
(Colombo/Apr22/2025)