An initial public offer of shares by Sri Lanka's People's Leasing Company to raise 7.0 billion rupees drew applications with a total value of 9,527 million rupees, a stock exchange filing said.
People's Leasing Co., the island's largest leasing company, offered 390 million shares at 18 rupees a share.
The statement said the IPO drew 26 applications worth 4,869 million rupees with payment made by bank guarantees and 10,459 applications with a value of 4,658 million rupees with payment by bank drafts and cheques.
PLC is a fully owned unit of state-run People's Bank and the IPO, oversubscribed on the opening day, November 03, 2011, was expected to attract foreign interest.
The statement said the IPO drew 26 applications worth 4,869 million rupees with payment made by bank guarantees and 10,459 applications with a value of 4,658 million rupees with payment by bank drafts and cheques.
PLC is a fully owned unit of state-run People's Bank and the IPO, oversubscribed on the opening day, November 03, 2011, was expected to attract foreign interest.
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