Janashakthi Ltd. to Raise Rs. 5 Bn via CSE IPO 📈

The Colombo Stock Exchange (CSE) has granted in-principle approval for Janashakthi Ltd. (JXG) to proceed with an Initial Public Offering (IPO), marking a significant move for the diversified holding company. • IPO Structure: Offering of 500 million ordinary voting shares via an Offer for Subscription. • Pricing & Valuation: Shares priced at Rs. 10 each, aiming to raise a total of Rs. 5 billion. • Key Dates: Subscription list is scheduled to open on 9 April 2026. • Group Portfolio: Janashakthi Ltd. serves as the holding entity for prominent subsidiaries including Janashakthi Insurance PLC, First Capital Holdings PLC, and Janashakthi Finance PLC. • Listing Details: The company intends to list on either the Main Board or the Diri Savi Board, pending final compliance with listing requirements. • Advisors: First Capital Advisory Services Ltd. is the Manager and Financial Adviser, with SSP Corporate Services Ltd. as Registrar. The move strengthens the capital base of a key player in Sri Lanka’s insurance, finance, and investment banking sectors, providing investors further exposure to the country's recovering financial services landscape. _Note: Based on provisional CSE approval data._