JF Packaging IPO oversubscribed within hours

Saturday, 1 November 2025 01:24 - - {{hitsCtrl.values.hits}}

Subscriptions closed on opening day

JF Packaging yesterday said its Rs. 600 million Initial Public Offering (IPO) was oversubscribed within hours of opening on Thursday (30), prompting closure at 4:30 p.m. the same day.

The Issue offered over 51.7 million Ordinary Voting Shares at Rs. 11.60 each and will list on the Main Board of the Colombo Stock Exchange.

JF Packaging said its IPO attracted strong interest from institutional and retail investors.

Proceeds will be used to settle selected term and import loans, strengthening the company’s balance sheet and reducing finance costs.

JF Packaging serves top-tier clients including multinationals and leading FMCG brands, and is a leading eco-friendly packaging solutions to the Sri Lankan market.