Softlogic IPO debuts on June 9

To raise over Rs 4 billion:

Softlogic Holdings Limited initial public offering (IPO) to raise funds to the tune of Rs 4.031 billion will debut on June 9.

According to the Colombo Stock Exchange filing this is the largest IPO for this year.

Softlogic will call for applications to list seven hundred and seventy nine million ordinary voting shares on the Diri Savi Board of the Colombo Stock Exchange at the offer price of Rs 29 per share.

The official opening of the IPO will be on June 9. The minimum subscription is for 500 shares and thereon in multiple of 100.

Softlogic Group founder Chairman and Managing Director Ashok Pathirage said with financial acumen, strategic vision, stringent ethical practices and team of both local and international professionals the Group has achieve tremendous success. "Our's is a 'value story'. We are determined and committed to a continuous process of strategic value creation. We have built and continue to build strong shareholder value.

"We have over a short period, made new investments that are extremely strategic, aggressively grown business volumes and made every stock count," he said at the IPO launch yesterday. SJ