JF Packaging Debuts on CSE Main Board 📈

• Shares of JF Packaging Limited commenced trading today on the Colombo Stock Exchange (CSE) Main Board under the ticker symbol "JFP-N-0000". • The company successfully raised LKR 600 million through its recent IPO, which offered 51.72 million shares at an Issue Price of LKR 11.60 each. • The IPO was significantly oversubscribed by 6.3 times within hours of opening on October 30th. • Proceeds are earmarked to settle selected term loans and partially repay revolving import loans, aiming to strengthen the balance sheet and reduce finance costs. • JF Packaging is recognized as a leader in introducing eco-friendly packaging solutions to the Sri Lankan market, serving both local and international brands.