Business

Cable Solutions Limited IPO Oversubscribed on First Day

  • July 24, 2024

The Initial Public Offering (IPO) of Cable Solutions Limited, which included an offer for subscription of 14,666,600 ordinary voting shares and an offer for sale of 66,120,000 ordinary voting shares, each priced at Rs. 7.50, saw overwhelming investor interest on its opening day, 23rd July 2024. The IPO was oversubscribed by the end of the

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Industry Analysis

Seylan Bank’s Rs. 10 Billion Debenture Issue Oversubscribed on Opening Day

  • July 15, 2024

Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million debentures, indicating strong investor confidence. Initially, the bank issued Rs. 5 billion in Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures. Priced at Rs. 100 each, these debentures have maturity

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