Exterminators Initial Public Offering opens today

Pest management and environmental enhancement technology company Exterminators Limited’s IPO will open today. 

The company will create history by becoming the first pest control company in South Asia and among the few in the world to be listed on a stock exchange. The offer is managed by Atarah Capital Partners. 

Exterminators Limited offers 20 percent stake via the ‘Initial Public Offering’ (IPO) to raise Rs.60 million by offering 10,000,000 ordinary voting shares at a price of Rs.6.00 share.

The funds raised through the IPO will be utilised to expand the company’s branch network by setting up three branches in 2022, build capacity by investing on novel equipment/technology and improve the vehicle fleet in the existing branches in Colombo and Kandy.  

The company plans to setup a premier 24x7 customer care and retail centre to market internationally renowned energy saving, non-chemical pest management, health and safety brands. 

The funds will also be utilised to expand local manufacturing by further investing in ‘Made in Sri Lanka’ products to contribute mitigating the outflow of foreign exchange from the country.