Maharajah Foods IPO opens today

• Offer opening date: July 4, 2024
• Offer closing date: July 23, 2024
• Earliest offer closing date: July 4, 2024
• Number of ordinary voting shares to be issued: 25 million
• Share issue price: Rs.5 per share
• Amount to be raised: Rs.125 million

Maharajah Foods Limited, a leading manufacturer and exporter of Sri Lankan foods and spices, is opening its initial public offering (IPO) today.
The entity is Sri Lanka’s first women-owned enterprise, with founders’ origins from the Northern province, to be listed on the Colombo Stock Exchange (CSE).
Maharajah Foods is offering for subscription 25 million ordinary voting shares at Rs.5.00 per share, to raise a total sum of Rs.125 million.
The shares of the company are to be listed on the Empower Board, under the Alternate Market Segment of the CSE.
This is also the first CSE listing under the USAID CATALYZE Sri Lanka Private Sector Development Activity’s Funding Readiness Programme. The programme aims at facilitating equity capital for the small and medium enterprises (SMEs) through the CSE listings and private investors.
SME-listing specialist Atarah Capital will act as the financial advisor and manager to the offer and sponsor of the IPO.