brand logo

Capital Alliance announces IPO 

10 Nov 2021

Capital Alliance Ltd. (CALT) announced its intentions to list on the Colombo Stock Exchange (CSE), by way of an equity initial public offering (IPO). It will be the first stand-alone non-bank primary dealer to debut on the CSE.  This issue will open on 25 November 2021. The highly anticipated virtual investor forum will commence today. It is aimed at creating awareness among potential investors prior to the IPO, in order for them to have a thorough understanding about the company and its future growth strategies.  CALT is offering 41,177,236 ordinary shares for a 12.5% stake to the public, priced at Rs. 10.00 per share. The IPO price per share offers a discount of 18.64% to an incoming investor compared to the Rs. 12.29 price per share derived by the independent valuer – Ernst and Young Transaction Advisory Services. CALT also offers an attractive dividend yield of 9.65%, which incentivises investors to hold the share for the longer term. The proceeds raised via the IPO will be utilised to bolster the core capital of the company, thereby allowing CALT to expand its investments into a range of specific financial instruments. Capital Alliance Partners Ltd. is the manager and financial advisor to the issue.  CALT is one of the five non-bank primary dealers in the country. It forms the securities trading arm of the wider Capital Alliance Group (CAL) which deals in an array of government securities and corporate debt securities. Established in 2000, CAL is a full-service investment bank in Sri Lanka that caters to a diverse network of family businesses and institutional clientele. Its expertise in capital markets is translated into the services offered to its clients, which includes equity and debt advisory, stockbroking, fund management, private equity, and securities research services.

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..