Janashakthi’s Rs. 5 b IPO gets CSE nod

Tuesday, 24 March 2026 02:28 - - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange (CSE) has granted in-principle approval for Janashakthi Ltd., (JXG) to proceed with an Initial Public Offering (IPO) of 500 million ordinary voting shares via an Offer for Subscription.

Janashakthi Ltd., is the holding company, comprising Janashakthi Insurance PLC, First Capital Holdings PLC, and Janashakthi Finance PLC.

The shares will be offered at Rs. 10 each, with the issue expected to raise Rs. 5 billion. The subscription list is scheduled to open on 9 April.

The company intends to list its shares on either the Main Board or the Diri Savi Board of the CSE, subject to meeting the relevant listing requirements.

First Capital Advisory Services Ltd., has been appointed as the Manager and Financial Adviser to the issue, while SSP Corporate Services Ltd., will act as the Registrar.

The prospectus will be made available in soft copy form to trading participants from tomorrow.