The logistics and warehouse firm Chrissworld Ltd. Recently became the first company to list in the empower board of the Colombo Stock Exchange & its Initial Public Offering (IPO) which opened on the 27th of April, 2021 became the first IPO to be launched by a company listed in the empower board of the CSE.
The IPO which presented 7.5 million shares at a price of LKR 7.50 per share closed on opening day with resounding success as it was oversubscribed receiving 283 application for a total of 16.183 million shares, more than twice the original amount with a garnering a total value of LKR 121.373 million.
According to the company officials the profits from the IPO will be used to upgrade the companies facilities such as the introduction of a new racking, new material handling and new warehouse management system to increase the company’s efficiency.
No.820, Mount Cresent,Malabe,Sri Lanka