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PickMe’s IPO oversubscribed - Adaderana Biz English | Sri Lanka Business News

PickMe’s IPO oversubscribed

September, 13, 2024

Digital Mobility Solutions Lanka Limited, known as PickMe, has successfully concluded its Initial Public Offering (IPO), demonstrating robust investor interest. The company offered 43,474,179 shares at a price of LKR 36.00 per share, and the issue has been oversubscribed.

As detailed in the prospectus dated September 3, 2024, the subscription list will officially close today at 4:30 p.m. Applications received by the close of business will still be accepted. The basis of allotment will be communicated to the Colombo Stock Exchange (CSE) in due course.