The final subscription results for Janashakthi Limited’s Initial Public Offering (IPO) indicate a remarkable response from investors, as the offering was oversubscribed by nearly threefold.
In a communication dated today (21) addressed to the Colombo Stock Exchange (CSE), S S P Corporate Services (Private) Limited, which serves as the Registrars to the Issue, revealed that a total of 20,397 applications were submitted for the 500,000,000 ordinary voting shares available.
Key Final Figures (at LKR 10 per share):
The overall subscription amount reached Rs. 15.16 billion, which is approximately 3.03 times the size of the IPO set at Rs. 5 billion.
The subscription period concluded early on the opening day (9 April 2026) following an announcement of the initial oversubscription. The latest data now offers a comprehensive overview of the applications received through all available payment methods.
Further information regarding share allotment and listing is expected from both the company and the Exchange in the upcoming days.
Financial Chronicle Biz English | Sri Lanka Business News.
