JF Packaging gets CSE nod for Rs. 600 m IPO

Friday, 10 October 2025 04:36 - - {{hitsCtrl.values.hits}}

Lankem Ceylon PLC yesterday announced that its subsidiary, JF Packaging Ltd., has received approval in principle from the Colombo Stock Exchange (CSE) to list its Ordinary Voting Shares through an Initial Public Offering (IPO).

The company said the listing will be made by way of an Offer for Subscription on either the Main Board or the Diri Savi Board of the CSE.

JF Packaging will offer 51,724,144 ordinary voting shares at a price of Rs. 11.60 per share and raise a little more than Rs. 600 million.

The subscription list for the IPO is scheduled to open on 30 October.

Further details of the issue, including the prospectus and final listing arrangements, are expected to be announced once the company completes the remaining regulatory requirements.