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Lanka Credit and Business Finance Limited IPO oversubscribed


Lanka Credit and Business Finance Limited (LCBF) initial public offering (IPO) for a total issue of 125,000,000 ordinary voting shares at an issue price of 4.00 rupees to raise 500 million rupees has been successfully oversubscribed on the opening day, the Colombo Stock exchange said.
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NDB Investment Bank as the sole financial advisor and managers to the offer is privileged to have been involved from its inception at the time of acquiring a distressed NBFI through multiple capital raises and to its current entry to the capital markets.

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