Nov 03, Colombo: The Initial Public Offer of People's Leasing Company of Sri Lanka was announced oversubscribed and the issue was closed by the end of the business day.
People's Leasing opened its subscription list today planning to raise over Rs. 7.02 billion via the IPO by offering 390 million shares at an issue price of Rs. 18 per share.
The subscription list was closed 4.30 p.m. today.
Colombo Stock Exchange sources said that both the foreign investors and institutional investors have subscribed heavily to the offer.
People's Leasing IPO was the second largest IPO ever conducted in the Colombo Stock Exchange.