Entrepreneurship

JF Packaging IPO Oversubscribed Within Hours

The Initial Public Offering (IPO) of JF Packaging Limited was oversubscribed within hours of opening on 30th October 2025, prompting closure at 4.30 PM the same day. The Issue offered 51,724,144 Ordinary Voting Shares at LKR 11.60 each, seeking to raise LKR 600 million, and will list on the Main Board of the Colombo Stock Exchange.

As one of Sri Lanka’s leading flexible packaging solutions providers with a strong focus on sustainability and innovation, JF Packaging attracted strong interest from institutional and retail investors. Proceeds will be used to settle selected term and import loans, strengthening the Company’s balance sheet and reducing finance costs.

The Company serves top-tier clients including multinationals and leading FMCG brands, and is a leading eco-friendly packaging solutions to the Sri Lankan market.