Home / / Millennium Housing closes IPO after first tranche of Rs. 96 m

Millennium Housing closes IPO after first tranche of Rs. 96 m


Comments / 943 Views / Thursday, 30 January 2014 00:00


Millennium Housing Developers Ltd. (MHDL) has decided to close its Initial Public Offering (IPO) following the oversubscription of the first tranche of Rs. 96 million. The IPO, first in 2014, involved the issuance of 16 million shares at Rs. 6 in the first tranche and a further equal amount in the event of an oversubscription aimed at raising Rs. 192 million. The final subscription amount will be disclosed shortly. Last morning soon after the IPO opened, MDHL said it had received 368 applications requesting 10.737 million shares worth Rs. 64.4 million.

Share This Article


COMMENTS

Today's Columnists

Potential risks and negative implications of the proposed Foreign Exchange Bill

24 April 2017

From the perspective of the Government, the following are the key components of a checklist for assessment and validation prior to the enactment of the proposed Foreign Exchange Bill. Does the Bill in its present form, post enactment: 1.Advanc...


Reform of exchange controls: There is a need, but do it correctly – Part I

24 April 2017

The first Ceylonese Governor of the newly-established Central Bank N.U. Jayawardena ​ Proposal to reform exchange controls without giving details Prime Minister Ranil Wickremesinghe, in announcing the economic policy s...


Meethotamulla tragedy and political garbage

22 April 2017

    The Meethotamulla tragedy has brought back the politics of garbage to every screen, newspaper and radio. Street protests are happening around every garbage dump. Modern day popular communication technologies have take...


Meethotamulla: Assigning the blame correctly

21 April 2017

At a recent panel discussion on ITN television themed ‘Mountains of garbage’ where the writer was a panellist, S.M. Marikkar, MP for Colombo District, brought a file with copies of communications from him to authorities regarding the M...


Columnists More