Shares of Kapruka Holdings Limited commenced trading on the Main Board of the Colombo Stock Exchange under the symbol, ‘KPHL’, on Friday, January 7.
Kapruka Holdings Limited is the holding company of Kapruka, Sri Lanka’s pioneering e commerce platform with a global presence.
The company recently offered 32,826,000 ordinary voting shares, or a 20% stake in the company, to the public through its much-anticipated IPO, which was oversubscribed 5.8 times.
The issue, managed by Acuity Partners, was quickly snapped up by investors at a per-share price of Rs. 15.40.
A salient feature of the share allocation was that all ‘retail investors’ were given their allocations in full to make up the 40% mandatory allotment while the 10% reserved for the Unit Trusts too was allotted up to 96%.
164,130,360 ordinary voting shares have been listed, giving Kapruka Holdings Limited an initial market capitalisation of Rs. 2.5 billion.
Kapruka was founded in 2002 by Dulith Herath.