Dhammika Perera brought 1 Million shares of Vallibel One on the Initial Day of trading
Mr.K D D Perera Brought 1 Million Ordinary Voting shares of Vallibel one on the first day listing on CSE at the price of Rs.33.50.
Tag Archives: Vallibel One
Vallibel One listing CSE on 8th July 2011
Today CSE announced the Vallibel one IPO will be listed on the Diri Savi Board of CSE and will be classified under the Diversified Holdings Sector
Types of shares : Ordinary Voting Shares
Security Code : VONE.N.0000
Total no of Shares to be list : 1,086,559,353
Date of Listing : 8th July 2011
Future Allotment of Vallibel One IPO
Today 6th July 2011, the Vallibel One IPO announced in CSE, under the retail category allotments there are 178,800 shares remained excess due to rounding of allotments to the nearest 100 shares,
Therefore the 178,800 shares are allotted as follows,
The 1625 Applicant who subscribed between 3,100 to 4,000 shares will allot additional 100 shares for each applicant, the amounting to total of 162,500 shares.
There were 410 valid applicant subscribed for 3000 shares each, 163 applicant will selected out that by lottery process and allot additional fixed allotment of 100 shares.
Vallibel one IPO Basis of Allotment
Today Just 1, 2011 the Acuity Partners (Pvt) Ltd announced to Colombo Stock Exchange that, the board of Directors of Vallibel one has decided to allot the shares as followings,
Vallibel One IPO Oversubscribed by 11.59 times
28th June 2011, Vallibel One IPO announced the IPO is oversubscribed by 11.59 times
Vallibel One IPO Oversubscribed
Today 21st June 2011, the PW Corporate Secretarial (Pvt) Ltd announced to Colombo Stock Exchange, the Vallibel One IPO will close at 4.30 pm today, as it is oversubscribed.
Vallibel one Acquired Lewis Brown& Company Limited
16th June 2011, the Royal Ceramics lanka PLC acquires Lewis Brown & Company Limited at the Consideration of Rs.589 Million.
The Rs.500 Million Paid at the execution of the agreement and the balance 89 Million will be paid on 22nd June 2011.
The Royal Ceramics lanka PLC holdings 51% shares of Lewis Brown& Company Limited at the total Consideration of Rs.1, 581 Million.
The Balance 30% shares owned by related parties of the Vallibel One.
Source: http://www.cse.lk/cmt/upload_cse_announcements/3361308225374_.pdf
Vallibel One IPO
Vallibel one Limited issued 21,311,870 Ordinary voting shares as Initial Public Offerings at the price of Rs.25 each.
Amount to be rise
No of shares Value of share Total
21,311,870 LKR 25.00 LKR 532,796,750.00
Objective of IPO
The prime Objective of this share issue is to Construct a 300+ Roomed Five Star hotel in Negombo. The project is carried out by the Greener water Ltd; a fully owned Subsidiary of the company.
The cost of project is estimated at US$ 50 Million (LKR 5,600 Million). The land was purchased by the Greener Water Ltd at a cost of LKR 268.06 Million.
The total project will be funded as,
Method of Fund rise Investment in Millions
Private Placement Investment: 2,467.20
Debt: 2,600.00
Initial Public Offerings: 532.80
Total: 5,600.00
Minimum Subscriptions
The company Request to be Minimum Subscription per Application is 100 Shares (LKR 2,500) and the Application exceeding the minimum subscription should be in multiples of 100 Shares.
Opening date and Closing date of IPO
The Vallibel one IPO will open for issue on 21st June 2011 and will be close on 8th July 2011 or on the date on which the issue is oversubscribed.
Banker to the offering
The Vallibel one appoints Pan Asia Banking Corporation PLC as a Banker to the Offerings.
Basis of Allotments
Types % of the offered Share
Employees 10%
Unit Trust Investors 10%
Retail Individual Investors 40%
Non Retail Investors 40%
Prospectus and Applications
The Vallibel one published its Prospectus, Applications and the Article of association in Colombo Stock Exchange website: www.cse.lk
The links are as follows,
Prospectus: http://www.cse.lk/270808/pdf/07_06_2011_Pros.pdf
Application Form: http://www.cse.lk/270808/pdf/07_06_2011_App.pdf
Article of Associations: http://www.cse.lk/270808/pdf/07_06_2011_Arti.pdf
Source:
http://www.cse.lk/welcome.htm
http://synergyy.com/2011/06/vallibel-one-limited-offer-for-subscription/
Vallibel One Limited Offer for Subscription
Today 3rd June 2011, the Colombo Stock Exchange has approved in principle application for 21,311,870 Ordinary Voting shares at Diri Savi Board at the Price of Rs.25.00
The Vallibel one is offer for subscription of Rs.532, 796,750.00. the Vallibel one will be open for subscription at 21st June 2011.
The Manger of Offer
Acuity Partners (Pvt) Ltd,
Registrars to the Offer
PW Corporate Secretarial (Pvt) Ltd.
The Prospectus will be available to member Firms and Trading members on 9th June 2011.
Source: http://www.cse.lk/cmt/upload_cse_announcements/3501307078078_.pdf