Strong debut by Kapruka; share price gains by 45%

Saturday, 8 January 2022 01:30 - - {{hitsCtrl.values.hits}}

eCommerce pioneer Kapruka Holdings Ltd. yesterday made a strong debut on the Colombo stock market.

Its share price peaked to a high of Rs. 24.40 before closing at Rs. 22.30, up by Rs. 6.90 or 45% from its IPO price. Over 17 million shares changed hands via 7,059 trades for Rs. 390.47 million.

The company offered 32,826,000 ordinary voting shares, or a 20% stake in the company, at Rs. 15.40 per share. The IPO, managed by Acuity Partners, was oversubscribed 5.8 times.

Stock market ends stellar week on high note