Assistant Vice President, Acuity Stockbrokers (Pvt) Limited Vasantha Kumar, stated, “SMEs in Sri Lanka usually maintain an annual turnover not exceeding Rs 750 million.”“These enterprises need further funding for expansion, sustainability, or to bring new products to market. The CSE offers a platform for SMEs to raise capital by listing their shares.In addition to capital raising, a listing will offer a plethora of benefits for companies, such as enhanced image, attracting and retaining quality talent, improvement in corporate governance as well as access to strategic investors. Several successful SME IPOs have taken place recently, highlighting the diversity and potential that can be realized, and opportunities for growth available within the Sri Lankan market through the CSE.”
( Source : Daily News)