Janashakthi Limited has announced the allocation details for its much-awaited Initial Public Offering (IPO), which experienced an overwhelming response from investors, resulting in the issue being oversubscribed by over three times.
As per an official statement from S S P Corporate Services (Private) Limited, the issue’s registrars, the company received 20,359 valid applications totaling an impressive 1,515,524,200 shares. This figure significantly surpassed the 500,000,000 new Ordinary Voting Shares available as outlined in the prospectus dated March 25, 2026.
Investor Interest Breakdown
The IPO, designed to generate substantial capital, attracted interest from all four specified investor categories:
- Retail Investors: Submitted 16,268 applications for over 165.8 million shares.
- Non-Retail Investors: Represented the highest volume of demand, with 3,869 applications for more than 1.19 billion shares.
- Unit Trusts: Submitted 8 applications for 74.7 million shares.
- Janashakthi Group Employees: Provided 214 applications for 81.3 million shares.
Allocation Methodology
In response to the significant oversubscription, the Board of Directors of Janashakthi Limited has established a weighted allocation method to ensure equitable distribution of the available 500 million shares.
Retail investors will receive the full amount of shares they applied for if their applications are up to 4,000 shares. For applications exceeding this limit, an allocation of 17.45625% will be applied.
For Non-Retail investors, the company has focused on strategic growth, allocating 243,000,000 shares preferentially to strategic investors. Non-preferential applicants in this segment will be guaranteed a minimum of 4,000 shares, plus an additional 9.6365% of shares above that minimum.
Applicants from Unit Trusts are set to receive a minimum allocation of 500,000 shares, with 65.0636% of their requested quantity beyond this minimum being fulfilled.
Janashakthi Group Employees will benefit from a full 100% allocation for applications up to 500,000 shares, while any additional shares will be allocated at a rate of 33.78790%.
Future Actions
With the allocation finalized, shares will be credited to the respective applicants according to the specified percentages. This successful allotment is a crucial milestone for Janashakthi Limited as it gears up for its official listing on the Colombo Stock Exchange.
