792 views
Considered as Sri Lanka’s market leader in the wood coating sphere, JAT Holdings which has the rights to distribute its wood coatings across Sri Lanka, India, Pakistan, Bangladesh, Maldives and several African Countries which is also the exclusive agent of World renowned brands such Herman Miller Office Furniture, SEA Kitchen Solutions, Lifewood flooring and Armstrong Cellings will announce its very own Initial Public Offering.
Through the IPO the company would offer 82.9 million ordinary voting shares which would translate to 16.24% stake in the company at a price of LKR 27 per share, this is a 17% reduction from the initial share price of LKR 32.45. The company hopes to raise over LKR 2.2 billion from the IPO
The Founder and Managing Director of JAT Holdings Aelian Gunawardena stated that the company has already submitted its listing application to the Colombo Stock Exchange and is waiting for approval. Once approval has been granted the IPO specifications are said to be announced based on the market conditions.