Economy & Growth

Stock Exchange: WealthTrust Securities IPO oversubscribed

The IPO of WealthTrust Securities Limited (WTS) was oversubscribed within minutes, prompting closure at 4.30 p.m, the company said in a release.

The Issue offered 71,548,244 Ordinary Voting Shares at Rs. 7 each to raise Rs. 500,837,708, and will list on the Diri Savi Board of the Colombo Stock Exchange.

A Primary Dealer authorised by the Central Bank of Sri Lanka and licensed by the Securities and Exchange Commission of Sri Lanka as a Stock Broker (Debt) and Stock Dealer (Debt), WTS drew strong investor demand.

Proceeds will strengthen core capital, enhancing buffers ahead of phased minimum core capital increases effective 1 January 2026 and 1 January 2027.

The capital raise is expected to strengthen WTS’s capacity to absorb market and interest-rate risk exposures from its primary dealer operations, supporting long-term value creation.

Source: The morning