NDBIB offers a completely client focused, holistic financial solution, including structuring, management and ensuring successful deliverables. We provide hands-on guidance to our clients throughout the IPO process with sound financial advice while maintaining objectivity. So much so that
IPO's handled by us have achieved the highest rate of oversubscription in Sri Lankan equity markets.
NDBIB is clearly THE market leader, having mobilized approximately 44% of the total quantum of funds mobilized through IPO's in Sri Lanka. We are also credited with handling the largest IPO in the history of Sri Lanka's equity markets, to date.
Dialog Axiata PLC: The largest equity offering to take place on the CSE. The Rs. 8.55 billion issue was oversubscribed 6.5 times raising a total of Rs. 56 billion from the public. The IPO was priced through a book-build.
Lanka IOC PLC: A Rs. 3.6 billion issue that was oversubscribed by 11.5 times. At the date of this IPO, it was the largest amount raised in the Sri Lankan Equity Capital Market. It was also the priced though a book-build, a first for Sri Lanka.
Singer Finance (Lanka) PLC: A Rs. 400 million issue that was oversubscribed 135 times, the highest level of oversubscription in the country as at the date of the IPO. Total funds raised amount to Rs. 53.9 billion.
Union Bank of Colombo PLC: A Rs. 375 million issue that was oversubscribed by a record breaking 354 times. The issue raised a total of Rs. 2.3 billion.
Hemas Power PLC: Raised Rs. 626 million by offering 31.3 million ordinary shares and was the first post war IPO. The issue was oversubscribed 3.7 times on the opening day itself. Total funds raised was Rs. 2.3 billion.
PC House PLC: The Rs. 629 million issue, raised Rs. 2.6 billion and was the first fully fledged IT company to be listed on the CSE.
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