WealthTrust Securities Limited (WTS), a primary dealer appointed by the Central Bank of Sri Lanka is to go public with its Initial Public Offering (IPO) today (17), inviting the public to subscribe for 71,548,244 Ordinary Voting Shares at an Issue Price of Rs 7.00 per share. Through the issue, WTS seeks to raise a total of Rs. 500,837,708, with the company’s shares expected to be listed on the Diri Savi Board of the Colombo Stock Exchange (CSE).
The proceeds of the IPO are intended to further strengthen the company’s core capital buffer and support the expansion of its investment and trading portfolio in Government securities, enhancing capacity to manage market and interest rate risk while supporting sustained value creation.
The issue is being managed by Asia Securities Advisors (Private) Limited as Manager and Financial Advisor to the issue. With the offering priced at a discount to valuation benchmarks cited in the Prospectus, and with broad-based interest typically seen in well-positioned capital market listings, WTS enters its opening day with positive sentiment and strong anticipation among prospective investors.