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

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


Comments / 929 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

Whither the republic?

5 September 2015

Exercising the people’s sovereign-legislative power Over the last two weeks or so, in the immediate aftermath of my singular statement on the National List issue, I opted for a self-imposed “media silence”, politely refraining ...


Geetha stars in new role as Galle MP

5 September 2015

Geetha Kumarasinghe ​ Elections are over and a new Parliament has been elected. The political excitement however is yet to subside. ‘Spotlight’ returns after a brief interval to focus on films, film ...


Kite-flying at Galle Face

4 September 2015

Even on an average Sunday afternoon the crowd out at the Galle Face Green taking in the fresh air seems too large relative to the famous promenade. In 1856, when the five-hectare green was developed, Colombo was a small port town with a population...


Peace, reconciliation and Sri Lankan youth

4 September 2015

  A few days ago, I got into the 154 Kiribathgoda-Mt.Lavinia private bus from Borella with the intention of going to Dehiwala to meet a friend. Sitting in the seat immediately in front of the backseat, I could clearly hear the conversati...


Columnists More