hSenid IPO opens today

Friday, 3 December 2021 00:23 -     - {{hitsCtrl.values.hits}}

  • A first for Sri Lanka’s IT/BPM sector

The IPO for Sri Lankan multinational software solutions provider hSenid opens today aimed at raising Rs. 691 million. 

Managed jointly by NDB Investment Bank and CT CLSA Capital, hSenid marks Sri Lanka’s first-ever IT/BPM public equity issuance, allowing the public to invest in a whole new sector of the economy, and potentially Sri Lanka’s most promising sector for future growth. 

According to the Joint Managers to the issue, hSenid’s IPO is expected to draw active interest from a diverse spectrum of both local and foreign investors, including institutions and high net-worth individuals (HNWIs), along with significant interest from retail investors. 

IPO entails 55.4 million ordinary voting shares of hSenid Business Solutions at Rs. 12.50 each. Funds raised will be to finance product development and market development, along with strategic acquisitions in the APAC and East Africa regions.

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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.