Alpha Fire Services debuts trading at CSE

From left: Alpha Fire Services Head of Finance S. Branavan, Alpha Fire Services Executive Non-Independent Director Samud Gunasekera, Acuity Partners Group Managing Director and CSE Director and past Chairman Ray Abeywardena, CSE CEO Rajeeva Bandaranaike, Alpha Fire Services Co-Founder/Non-Executive/Non-Independent Director Deanne Ryde, Alpha Fire Services Chairman/Managing Director Vijith Perera, Acuity Partners Assistant Vice President – Corporate Finance Sonali Selvaratnam and Acuity Partners Senior Vice President – Corporate Finance Amani Ranaweera

CSE CEO Rajeeva Bandaranaike

Alpha Fire Services Executive Non-Independent Director Samud Gunasekera

The shares of Alpha Fire Services Ltd. were listed on the Colombo Stock Exchange (CSE) yesterday. 

The shares have been listed on the Empower Board of the CSE under the ‘2010 – Capital Goods’ sector. The occasion was marked with a special bell ringing ceremony.

Representing Alpha Fire Services were Chairman/Managing Director Vijith Perera, Executive Non-Independent Director Samud Gunasekara, Co-Founder/Non-Executive/Non-Independent Director Deanne Ryde, Head of Finance S. Branavan and Kalhari Perera. Financial advisor and manager to the issue, Acuity Partners Ltd. Group Managing Director and CSE Director and past Chairman Ray Abeywardena and the team represented the event.  

The CSE was represented at the event by its CEO Rajeeva Bandaranaike and the senior management. 

Speaking at the ceremony, Bandaranaike congratulated Alpha Fire Services on its initiative to go public. “CSE established a dedicated board for SME companies with the view of providing an opportunity on one hand for SME companies to reach out for market-based funding and also to broaden the scope of companies that are listed on the exchange. 

“We at CSE are indeed happy that companies are now beginning to make use of the Empower Board. Alpha Fire Services Limited is the first equity listing through an introduction for the year 2022. The company is a leading fire protection and detection service in Sri Lanka with over 30 years of experience, providing services to both the private and public sector.”

“The CSE is extremely pleased to have a diverse group of companies representing different industries. Particularly those companies that are established with a strong track record and a commitment to excellence in a listed portfolio. As a result, investors have the option of investing in a diversified portfolio. 

“So, we encourage corporates of all scales, and also from different sectors and different industries, to make use of the capital market for their funding requirements. Over the years, CSE has taken many initiatives to make the entire process of listing easier and more convenient, and today we are witnessing the results of those initiatives as we see an increase in listings on the stock exchange,”  Bandaranaike added. 

Speaking at the event, Alpha Fire Services Executive Non-Independent Director Samud Gunasekera said: “Alpha Fire Services Ltd. is the leader in fire protection and detection business with over 30 years of excellence in the fire industry of Sri Lanka. The company commenced the business on a small scale back in 1989, and now the company is the leader in the Sri Lankan fire industry. 

“Alpha Fire Services has a qualified and trained team of engineers and technical staff with many years of experience in the industry. The company is fully equipped to handle large scale fire protection, detection, and suppression systems. 

“Alpha Fire Services is in the top tier with CIDA EM1 (ICTAD) status and ISO 9001:2015 certification, and Alpha is a proud member of the National Fire Protection Authority – USA (NFPA). We at Alpha Fire Services are looking forward to the exciting journey ahead as a listed company by entering the capital market.”