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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.

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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.

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9 million rupees, the company said.