Mackwoods Energy IPO oversubscribed

Friday, 23 March 2012 00:01 -     - {{hitsCtrl.values.hits}}

Mackwoods Energy Ltd.’s Rs. 350 million worth Initial Public Offering (IPO) was oversubscribed yesterday, the official opening day.

The company offered 25 million shares at Rs. 14 each.

The final subscription amount as well as the basis of allotment will be notified next week.

It was the second IPO for the year and was recommended as subscribe by most of the brokers.

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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.