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

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


Comments / 927 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

Rajapaksa’s swansong

1 July 2015

    A comparison between Slobodan Milosevic and Mahinda Rajapaksa   Slobodan Milosevic was the President of Serbia from 1989 to 1997 and President of the Federal Republic of Yugoslavia from 1997 ...


NM at 110

30 June 2015

This year marked the 110th birth anniversary of Nanayakkarapathirage Martin Perera, better known as Dr. N.M. Perera; Leader of the Lanka Sama Samaja Party, popular labour leader, one-time Mayor of Colombo, outstanding Parliamentarian, Marxist, int...


Producing good candidates from a bad electoral system

30 June 2015

Finally, the seventh Parliament has been put out of its misery. Now begins the nomination phase of the general election that will be conducted under the electoral system that has been in place since the 1980s. The true test of whether the country ...


Rendering unto Caesar: the pathetic state of Sri Lanka’s university administration

29 June 2015

   What the University Grants Commission has done so far is not to promote competition among universities. It has developed a system where all universities have become uniform institutions – Pic by Sameera Wijesinghe ...


Columnists More