The Hydro Power Free Lanka Ltd’s Rs. 350 million Initial Public Offering (IPO) was oversubscribed on its official opening day yesterday.
The IPO issued 35 million shares at Rs. 10 each. Registrars to the issue said post oversubscription, the IPO will be closed at 4.30 p.m. yesterday and the basis of allotment would be notified in due course.