The initial public offering (IPO) of WealthTrust Securities Limited (WTS) was oversubscribed within minutes of opening, leading to its closure at 4:30 p.m.
The IPO offered 71,548,244 ordinary voting shares at LKR 7 per share, aiming to raise LKR 500,837,708. These shares are set to be listed on the Diri Savi Board of the Colombo Stock Exchange.
WTS, a primary dealer authorized by the Central Bank of Sri Lanka and licensed by the Securities and Exchange Commission of Sri Lanka as a stock broker (debt) and stock dealer (debt), attracted significant investor interest.
The funds raised will be used to strengthen the company’s core capital, enhancing its buffers in preparation for phased increases in minimum core capital requirements effective from 1 January 2026 and 1 January 2027.
This capital infusion is expected to bolster WTS’s ability to absorb market and interest-rate risk exposures stemming from its primary dealer activities, supporting the company’s long-term value creation.
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