Wednesday, 29 January 2014 00:31
Following the successful first IPO in the banking sector for nearly two years, Amana Bank Ltd. will go up on the Colombo Bourse today.
Classified under the Banks, Finance and Insurance Sector with ABL-N-0000 as the security code, 1.25 billion shares of Amana Bank will be listed on the Diri Savi Board for trading. It will be the 290th listed company on CSE.
In late December, the company successfully raised Rs 1. 5 billion with 3,781 applications received.
The bank made available 214,300,000 new ordinary shares at Rs. 7 each (worth Rs. 1.5 b) with an option of issuing a further 71,500,000 new ordinary shares (worth Rs. 500 m). The total value of the IPO including the option was Rs. 2 billion. The Rs. 500 million option wasn’t exercised.