Orient Finance IPO raises Rs987 mln on opening day

Jan 26, 2016 (LBO) – Orient Finance PLC’s initial public offering had received applications for shares worth 986.9 million rupees on Monday, the company said in a statement to the Colombo Stock Exchange.

The company is offering 71.5 million voting shares at 15 rupees a share to raise 1,072.5 million rupees.

The IPO received 262 applications for shares worth 136 million rupees, and one application for 850.9 million rupees, the company said.