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* Hela Apparel IPO oversubscribed on the opening day
Wed, Jan 12, 2022, 06:11 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 12, Colombo: The Initial Public Offering (IPO) of Hela Apparel Holdings Limited, which opened today (12th January was oversubscribed on the initial day itself.

The IPO offered 267,108,998 shares at a price of Rs. 15 per share for subscription.

The IPO by Hela Apparel Holdings Limited received applications for over the IPO value of Rs. 4 billion, and this IPO is the largest issue since 2011.

The issue will be closed at 4.30 pm today (12th January 2022).

 

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