Central Investment & Finance Limited

Central Investment & Finance Limited

The Central Investment & Finance Limited is leading Finance Company in providing more modern Finance service in Srilanka.

The Central Investment & Finance Limited is Offer for Subscription of 40 Million Ordinary Voting Share at the Price of Rs.10.00 each; the IPO is 47.95% of total Shares of Central Investment & Finance Limited.

Central Investment & Finance Limited Initial Public Offerings Objectives

The IPO is to increase the capital base of the of the company in order to expand the core businesses,

Micro FinanceRs.270 Million
Hire Purchase and LeasingRs.100 Million
Real Estate PortfolioRs.30 Million


The Company investing Rs.30 Million in their Housing project in Homagama, Park land Residencies to build 95 Residential Units.

Central Investment & Finance Limited IPO Opening and Closing Date

The Central Investment & Finance Limited IPO will be open to subscribe on 21st July 2011 and the closing date will be on 9th August 2011 or on the date the issue is oversubscribed whichever is earlier.

Minimum Subscription

The Central Investment & Finance Limited IPO Minimum Subscription will be 100 Shares value of Rs.1, 000.00

Basis of Allotments

The Central Investment & Finance Limited will be allot the IPO shares as following Approach,

CategoryPercentage of IPO
Company Employee10%
Existing Depositors30%
Retail Individual Investors40%
Unit Trust Investors10%
Non Retail Investors10%


The Retail Investor Category is where the investors who subscribed for maximum of 10,000 shares, and the Existing Depositors are where a Depositor who gas fixed Deposit of Saving Account for over 6 Month as at 30th April 2011.

Central Investment & Finance Limited IPO and No of Shares to be listing in CSE

The Central Investment & Finance Limited has applied to listing its 83,426,733 Ordinary Voting shares on Main Board of Colombo Stock Exchange.

The Existing 19,739,424 ordinary Shares are subdivided into 11 Ordinary Shares for Every 5 Ordinary Shares Held.

Therefore the shares held by existing shareholders as 43,426,733 shares.

Existing shares after Subdivision   43,426,733
Initial Public Offerings   40,000,000
Total No of Shares   83,426,733


As per the Prospectus the current Stated Capital before IPO is Rs.232, 033,225.00

Therefore real value of the share is Rs.5.34 (Rs.232, 033,225/46,426,733)

My View

As a financial service Organization the Central Investment & Finance Limited is having a better future the net asset value of Rs.5.34 is good indicator with the Profit and the Total income generated by the Central Investment & Finance Limited.

Therefore the investment may good for long term and medium term investors, but is may not suggested to a short term investors, cause the IPO objectives are not short term focus.

Central Investment & Finance Limited prospectus and Application

Application Form:http://www.cse.lk/270808/pdf/4_7_2011_CIFL_APP.pdf
Article of Association:http://www.cse.lk/270808/pdf/4_7_2011_CIFL_ART.pdf


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1 Comment for this entry

  • perera says:

    is cifl best company to buy shares? . previous market days what are companies shares gone down on the first day initial public offering?

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