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Investors To Expect JAT Holdings IPO 
Posted 27,May

By Chaveendra Dunuwille

In Local News

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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.