Two big investors apply for over half of Jetwing Symphony IPO

Tuesday, 26 December 2017 02:19 - - {{hitsCtrl.values.hits}}

Family-owned Jetwing Sympony Ltd. has attracted 346 applications for its Rs. 750 million IPO.

From the responses, two applications with a payment made by bank guarantee had accounted for over half of the IPO value of Rs. 451.7 million. The balance 344 applications are, at a retail level, requesting Rs. 336.4 million shares. A total of 346 applications have requested Rs. 788.2 million shares.

Jetwing Symphony is the investment arm of the Jetwing leisure and travel group. The IPO of 10% stake was based on a formal book-building process with a price band ranging from Rs. 15-18.

The IPO funds will be utilised to complete Jetwing Symphony’s projects in the pipeline and settle debt payments.

Capital Alliance Partners is the manager to the issue.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.