Kapruka IPO opens today

The initial public offering (IPO) of Kapruka Holdings Limited, Sri Lanka’s pioneering ecommerce platform, opens at 9.00 a.m. today.

Applications are now open and the prospectus can be downloaded from ipo.kapruka.com. Through its IPO Kapruka Holdings Limited will offer 32,826,000 ordinary voting shares or 20 percent stake in the company, to the public at a price of Rs.15.40 per share, with the aim of raising approximately Rs.505 million in equity capital.  

Subsequent to the IPO, shares of Kapruka Holdings Limited will be listed on the Main Board of the Colombo Stock Exchange (subject to regulatory approvals). 
The minimum subscription per application has been set at 1,000 shares.

Kapruka will be the first ecommerce business in Sri Lanka to seek a public listing on the Colombo Stock Exchange. The company plans to use the IPO to fund its expansion and growth plans, which include upgrading existing technology and infrastructure, alongside launching various Kapruka Platform Services. 

Kapruka is also one of the few e-commerce companies in Sri Lanka that generates US dollar revenues by serving expatriate Sri Lankans and other global customers. 
The company has its central office located in Colombo, along with offices in the USA, the UK and Australia.