Prime Lands To Begin Trading At CSE 
Posted 4,June

By Chaveendra Dunuwille

In Local News

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Prime Lands Residencies Limited is scheduled to be listed of the Diri Savi Board of the Colombo  Stock Exchange with effect from 08th June 2021. The company will be listing 937,500,000  Ordinary Voting Shares and will be classified under the Industry Group “Real Estate (6010)”. 

The listing of Prime Lands Residencies Limited is followed after a successful Initial Public  Offering (IPO) held on 11th May 2021. The IPO of 100,000,000 shares at Rs. 10.40 per share  was oversubscribed on the initial day itself and raised Rs. 1.04 billion. Accordingly, the company  decided to exercise the option to issue up to another 87,500,000 Ordinary Voting Shares of the  Company at Rs. 10.40 per Share and raised a total amount of Rs. 1.95 billion.