The Securities and Exchange Commission of Srilanka, made an announcement for Retail Individual investor Category in Share Allotment in IPO Value of which is Rs.3 Billion and above.
IPO Company should make sure to offered 40% of Offered Shared in Particular Share Class or the Maximum of Rs. 1.50 Billion of the Offered shares of that share class, whichever is lower.
Retail Individual Investor is an Individual Investor who Subscribes Upto a Value of Rs. 200,000.00 in Particular share class in respect of IPO value which is Rs.3 Billion or Above.