📈 JF Packaging Rs. 600 Mn IPO Oversubscribed on Opening Day.

• JF Packaging's Initial Public Offering (IPO) of Rs. 600 million was significantly oversubscribed within hours of opening on Thursday (Oct 30), leading to the closure of subscriptions on the same day. • The issue offered over 51.7 million Ordinary Voting Shares at a price of Rs. 11.60 per share. • Strong demand was recorded from both institutional and retail investors, securing its listing on the Main Board of the Colombo Stock Exchange (CSE). • JF Packaging is a key provider of eco-friendly packaging solutions to the Sri Lankan market, serving major multinationals and leading FMCG brands. • Proceeds from the IPO are earmarked for settling selected term and import loans, a strategic move to strengthen the company’s balance sheet and reduce finance costs.