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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » 50 IPOs in 2011 - CSE is flooded with IPOs

50 IPOs in 2011 - CSE is flooded with IPOs

+3
kiri
wis
Monster
7 posters

Go down  Message [Page 1 of 1]

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sri Lanka IPO flow to pick up pace in 2011
Feb 24, 2010 (LBO) - Sri Lanka will see around 50 initial public offerings in 2011, with at least two issues over five billion rupees (50 million US dollars) by April, securities exchange commission director general Malik Cader said.
"We expect about 10 IPOs to come by March-April this year," Cader told reporters. "About two of them will raise over 5.0 billion rupees each from the market."

Cader said a number of state firms were also slated to come to the market.

The regulator is also looking at current rules on IPO subscriptions where large investors are using bank guarantees to apply for stocks. Small investor have complained that it gives an unfair advantage to large players.

"But there is a view that the market has to have high net worth as well as small investors," SEC chairperson Indrani Sugathadasa said.

"We are looking at the rule and will soon make a decision."

Under current rules generally preference is given to small investors with a larger proportion of their applications being filled.

Usually applications for minimum subscriptions are fully filled.
http://www.lbo.lk/fullstory.php?nid=1734484798

wis


Manager - Equity Analytics
Manager - Equity Analytics

Good news. We need more stocks. Hope this will lower the high PE ratio of the stocks.

It is unfair that small investors have to give cash by drafts and checks while bank guarantees do not have to. There should be a level ground where everybody has to show the money on table or everybody should be able to apply for shares without paying the cash initially.

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics

Monster wrote:Sri Lanka IPO flow to pick up pace in 2011

"We are looking at the rule and will soon make a decision."

Under current rules generally preference is given to small investors with a larger proportion of their applications being filled.

Usually applications for minimum subscriptions are fully filled.
http://www.lbo.lk/fullstory.php?nid=1734484798

it is nice to hear. Smile

Fresher


Moderator
Moderator

wis wrote:Good news. We need more stocks. Hope this will lower the high PE ratio of the stocks.

It is unfair that small investors have to give cash by drafts and checks while bank guarantees do not have to. There should be a level ground where everybody has to show the money on table or everybody should be able to apply for shares without paying the cash initially.

Why cannot the small investor get a bank guarantee?
If I'm right, anyone can do that

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Up to what value is considered as small investment?

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

It's a good news but too much of IPOs may effect the market unless funds are coming from outside.

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics

Monster wrote:It's a good news but too much of IPOs may effect the market unless funds are coming from outside.
due to new IPOs like above mentioned big one, will effect the mkt badly?.
experts pls comment

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

any idea about the two companies which is expected to raise 5 billion each from the IPO's

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Gaja wrote:any idea about the two companies which is expected to raise 5 billion each from the IPO's
i think those will be state own firms , petroleum corporation , sri lanka insurance etc.. Very Happy

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Meta Trader wrote:
Gaja wrote:any idea about the two companies which is expected to raise 5 billion each from the IPO's
i think those will be state own firms , petroleum corporation , sri lanka insurance etc.. Very Happy

How about Litro Gas

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Gaja wrote:as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C
If it's BOC, it will make a record in CSE.

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Monster wrote:
Gaja wrote:as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C
If it's BOC, it will make a record in CSE.

yep . if boc comes i would bet my whole savings on it king

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Meta Trader wrote:
Monster wrote:
Gaja wrote:as per this Litro might come little late - http://www.ft.lk/2011/02/23/litro-loaded/

i think SL Catering may come first - http://www.ft.lk/2011/02/23/srilankan-catering%E2%80%99s-profits-soar-40-to-rs-640-m/

what about B O C
If it's BOC, it will make a record in CSE.

yep . if boc comes i would bet my whole savings on it king

Yeah I think it will be a really good move. Also without a doubt it will be the biggest company in CSE.

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Citrus' two hotels to go public

Waskaduwa Beach Resort Ltd and Kalpitiya Beach Resort Ltd, both subsidiaries of Citrus Leisure Plc, are to apply for a listing on the Colombo Stock Exchange, the parent company said in a statement this week.

This came after investments in the two companies were raised through private placements.
In the statement, Citrus Leisure - formerly Hotel Reefcomber - said it invested Rs. 880 million for 88 million shares of Waskaduwa Beach Resort representing 62.85% of the issued shares. Waskaduwa has also concluded a private placement of 52 million shares at Rs. 10 per share to raise funds to finance the construction of its hotel project.

In the case of the Kalpitiya Beach Resort Ltd, Citrus said it invested Rs 1 billion for 104 million ordinary shares representing 72.18% of the issued shares. Kalpitiya also concluded a private placement of 40.3 million shares at Rs.10 per share to raise funds to finance its hotel, the statement added.

http://www.sundaytimes.lk/110227/BusinessTimes/bt32.html

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