Economy & Market Companies

Janashakthi IPO Oversubscribed 3x

Final subscription figures for Janashakthi Limited’s Initial Public Offering (IPO) confirm overwhelming investor demand, with the issue being oversubscribed nearly three times over.

In a letter dated today (21) to the Colombo Stock Exchange (CSE), S S P Corporate Services (Private) Limited, Registrars to the Issue, disclosed that a total of 20,397 applications were received for the offer of 500,000,000 ordinary voting shares.

Key Final Figures (at LKR 10 per share):

The total subscription value of Rs. 15.16 billion represents approximately 3.03 times the Rs. 5 billion IPO size.

The subscription list had closed early on the opening day (9 April 2026) following an initial oversubscription announcement. The latest figures now provide the complete picture of applications received via all payment modes.

Further updates on allotment and listing are anticipated from the company and the Exchange in the coming days.

source: Adaderana