WealthTrust Securities Ltd launches Rs. 500 m IPO
View(s):WealthTrust Securities Ltd (WTS), one of Sri Lanka’s leading non-bank Primary Dealers, has announced the formal commencement of its Initial Public Offering (IPO) process to raise Rs.500 million, following the successful conclusion of its media launch and investor forum held earlier this week.
The event, which drew strong interest from media personnel, investment analysts, and market participants, provided an in-depth overview of WTS’s upcoming IPO and the strategic rationale supporting the capital raise, the company said in a media release.
WTS is offering 71,548,244 Ordinary Voting Shares at Rs. 7 per share with the intention of raising Rs. 500,837,708 through an offer for subscription. During the forum, company leaders outlined how the IPO is designed to strengthen WTS’s core capital position, enhancing resilience against unexpected interest rate volatility and improving its ability to manage market risks associated with primary dealer operations.
The company reiterated that the capital infusion will be used in the ordinary course of business, primarily to expand its trading portfolio of government securities as favourable opportunities arise. WTS also confirmed that it already meets the Central Bank of Sri Lanka’s minimum core capital requirements for 2026 and 2027.
A highlight of the event was WTS’s reaffirmed A- (Positive outlook) credit rating from Lanka Rating Agency, a key indicator of the company’s stability and prudent management. Speakers emphasised WTS’s conservative trading approach, which has minimised losses even during periods of market volatility—recording only one marginal loss in the past 12 years. Its seasoned senior management team, with collective experience exceeding over 100 years, was also showcased as a core strength driving the company’s disciplined performance.
The subscription list for the IPO will open on December 17.
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