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Vallibel One IPO
Now you can apply for much awaited Vallibel One IPO. The subscription list will open on 21st June 2011. Vallibel one holds controlling stakes in Sri Lanka's best quality tile manufacturer Royal Ceramics Lanka Plc and one of the best Finance company LB Finance. Vallibel one also holds 14.99 percent stake in Sampath Bank Plc as a long term investment
The Summary of Vallibel One IPO
Total number of shares to be issued – 21,311,870.
Share Offer Price - LKR 25.00 Per Share.
Minimum Subscription - 100 Shares .
Opening Date of Issue - 21 June 2011 .
Closing date - 08 July 2011 or on the date on which the Issue is oversubscribed .
The objective of Vallibel One IPO
The objective of this Issue is to raise LKR 532.8 million to fund the balance capital requirement of Greener Water Ltd, a fully owned subsidiary of the Company, which has undertaken to construct a 300 plus roomed five star hotel in Negombo. Greener Water Hotel project will cost the company approximately 5.6 billion rupees.
Vallibel One Private Placement.
Company has issued 196 million shares via Private Placement in early 2011 at Rs 25 per share and raised 4.9 billion rupees. Out of the above funds Rs.4,337,000,000.00 invested in Fixed Deposits in related companies on short term basis and Rs.280,000,000.00 invested in 28 Million Ordinary Shares in Waskaduwa Beach Resort Limited on long term basis.
Is it worth subscribing Vallibel One IPO?
Yes it is worth but you will not get the required quantity as the issue is going to be heavily oversubscribed . IPO quantity is relatively very small when compared to recent IPOs like Expolanka and Softlogic.
The group made 79 cents per share profit for the period ended 31st December 2010. As the private placement price was same as IPO price there will be no fear on sell off by Private Placement investors on 1st day of trading Vallibel shares.
Please read the prospectus carefully before you make any investment decision. You can download Vallibel One IPO prospectus and Application form using following web addresses.
Now you can apply for much awaited Vallibel One IPO. The subscription list will open on 21st June 2011. Vallibel one holds controlling stakes in Sri Lanka's best quality tile manufacturer Royal Ceramics Lanka Plc and one of the best Finance company LB Finance. Vallibel one also holds 14.99 percent stake in Sampath Bank Plc as a long term investment
The Summary of Vallibel One IPO
Total number of shares to be issued – 21,311,870.
Share Offer Price - LKR 25.00 Per Share.
Minimum Subscription - 100 Shares .
Opening Date of Issue - 21 June 2011 .
Closing date - 08 July 2011 or on the date on which the Issue is oversubscribed .
The objective of Vallibel One IPO
The objective of this Issue is to raise LKR 532.8 million to fund the balance capital requirement of Greener Water Ltd, a fully owned subsidiary of the Company, which has undertaken to construct a 300 plus roomed five star hotel in Negombo. Greener Water Hotel project will cost the company approximately 5.6 billion rupees.
Vallibel One Private Placement.
Company has issued 196 million shares via Private Placement in early 2011 at Rs 25 per share and raised 4.9 billion rupees. Out of the above funds Rs.4,337,000,000.00 invested in Fixed Deposits in related companies on short term basis and Rs.280,000,000.00 invested in 28 Million Ordinary Shares in Waskaduwa Beach Resort Limited on long term basis.
Is it worth subscribing Vallibel One IPO?
Yes it is worth but you will not get the required quantity as the issue is going to be heavily oversubscribed . IPO quantity is relatively very small when compared to recent IPOs like Expolanka and Softlogic.
The group made 79 cents per share profit for the period ended 31st December 2010. As the private placement price was same as IPO price there will be no fear on sell off by Private Placement investors on 1st day of trading Vallibel shares.
Please read the prospectus carefully before you make any investment decision. You can download Vallibel One IPO prospectus and Application form using following web addresses.
