clock December 24,2023
WealthTrust Securities Announces Rs. 500mn IPO to further strengthen its Core Capital Buffer

WealthTrust Securities Announces Rs. 500mn IPO to further strengthen its Core Capital Buffer

WealthTrust Securities Limited (WTS), one of Sri Lanka’s leading non-bank Primary Dealers licensed by the Central Bank of Sri Lanka, today announced its intention to launch an Initial Public Offering (IPO) of Ordinary Voting Shares, marking a significant milestone in its growth trajectory and long-term capital strengthening strategy.

Through this IPO, the Company will offer 71,548,244 Ordinary Voting Shares at LKR 7.00 per share, raising LKR 500.8 million, for a 5.84% stake in the Company, with the objective of further strengthening its core capital base and enhancing its ability to absorb market and interest rate risks in the evolving interest rate environment. The IPO offer price provides an 18% upside to the primary valuation methodology used to value the Company. The CSE has provided in-principal approval for WTS shares to be listed on the Diri Savi Board of the Colombo Stock Exchange. The Company is expected to list with an indicative market capitalization of LKR 8.6 billion, reflecting the valuation underpinning the IPO.

The IPO will begin accepting applications from 24th November 2025, with subscriptions officially opening on 17th December 2025. The prospectus and application forms can be downloaded from www.cse.lk and www.wealthtrust.lk.

To provide potential investors and the public with an overview of the Company, WTS has scheduled its Media Launch for 2nd December 2025. The session will offer a brief introduction to the Company, its journey, and the key highlights of the upcoming IPO. The proceedings will be led by the Board of Directors, Managing Director/CEO Romesh Gomez, and the Managers and Financial Advisors to the issue, Asia Securities Advisors. The event will also be streamed live, enabling both local and international participants to join the briefing.

WTS has demonstrated consistent financial resilience and operational discipline over the years, backed by a highly experienced management team with over 100 years of collective market expertise. The Company is currently rated A- (Positive) by the Lanka Rating Agency, reflecting strong fundamentals and prudent risk management.

The public is invited to explore the offering, review the prospectus, and take part in WTS’s next phase of growth through its upcoming IPO.

 

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