CALT shares to debut on CSE today

Shares of Capital Alliance Limited (CALT) will commence trading on the Diri Savi Board of the Colombo Stock Exchange (CSE) today. It will be classified under the “Financials” industry group and trade under the ticker “CALT”.
The IPO was oversubscribed 8.6 times on the opening day itself. Capital Alliance Limited received a total of over 9800 applications requesting shares for over Rs. 3.5 billion.  A total of 329,417,884 shares of Capital Alliance Limited will be listed on the CSE. The retail category was oversubscribed 3.5 times in terms of the retail category allocation as 40 percent of the total shares on offer. 

The funds raised via the IPO will be utilised to strengthen the company’s core capital, thereby allowing them to invest into specific financial instruments. 
Capital Alliance Limited is one of Sri Lanka’s standalone primary dealers, and is a constituent of the CAL Group.