JXG up 37% on debut

Thursday, 30 April 2026 00:25 - - {{hitsCtrl.values.hits}}

Janashakthi Ltd., (JXG) ended 37% on the up yesterday, debuting on the Colombo Stock Exchange (CSE) Main Board.

The share price gained Rs. 3.70 to close at Rs. 13.70. JXG successfully concluded its Rs. 5 billion initial public offering (IPO) at Rs. 10 per share earlier this month. It was the largest IPO in the past 14 years.

On its debut, nearly 125 million shares changed hands, 25% of equity raised via the IPO, in 21,466 trades. The share peaked at Rs. 15.50 before settling at Rs. 13.60.

The JXG trades generated Rs. 1.8 billion in turnover, contributing 43% to the day’s total market turnover.