The Initial Public Offering (IPO) of Kapruka, Sri Lankaâs Pioneering ecommerce platform with a global presence, will officially open at 9.00am tomorrow, 22nd December 2021.
Applications are now open and the Prospectus can be downloaded from ipo.kapruka.com. The issue, managed by Acuity Partners, will see Kapruka Holdings Limited offer investors a 20% stake in the company at an offer price of LKR 15.40.
The Company plans to use the IPO to fund its ambitious expansion and growth plans, which include upgrading existing technology and infrastructure, alongside launching various Kapruka Platform Services to carry forward new initiatives. Kapruka is Sri Lankaâs first and largest locally-owned e-commerce enterprise, founded in 2002 by Dulith Herath.
Since then, it has grown into a multi-billion-rupee enterprise without any external investors. The organic growth of Kapruka to date is a unique attribute of its strong business model.
Former Minister Lohan Ratwatte and his wife have been ordered to be remanded further until…
Another contingent of the aviation unit, consisting of 20 officers and 88 airmen of the…
The election campaigning activities for the 2024 General Election are scheduled to end at midnight…
The Small and Medium Scale Rice Mill Owners’ Association stresses that the growing rice shortage…
Sri Lanka’s President Anura Kumara Dissanayake has congratulated the President-elect of the United States Donald…
Former President Ranil Wickremesinghe has been named as a respondent of the writ petition filed…
View Comments
All the very best Mr Dulith Herath