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23 December, 2013 07:04 AM Source: Financial Times - Sri Lanka
IPO.jpg

Applications for the Amana Banka IPO have crossed the 3,000 mark as of Thursday.
The company in a filing to the CSE announced that by 4:30 p.m. on 19 December there had been 3,300 applications received, requesting 192.652 million shares worth Rs. 1.348 billion.
Judging by latest disclosure, the Amana Bank IPO is just short of Rs. 152 million from being oversubscribed.
The bank, which is expected to be listed on the Diri Savi Board, is issuing 214,300,000 new ordinary shares at Rs. 7 per share with an option of issuing a further 71,500,000 new ordinary shares. Total value of the IPO including the option is Rs. 2 billion.

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