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.
www.ft.lk
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.
www.ft.lk
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