The shares of Hela Apparel Holdings Limited ommenced trading on the Colombo Stock Exchange (CSE) on Tuesday. The shares have been listed on the Main Board of the CSE under the “Consumer Durables and Apparel” sector. The occasion was marked with a Bell Ringing ceremony.
CSE Chairman Dumith Fernando said, “Today, we have the largest IPO in the equity market since the resurgence of the equity markets on the CSE. So, it is indeed a happy day for the CSE, as much as it is for Hela Holdings. It is also impressive that we are bringing together not just the largest IPO but something that was oversubscribed by about five and a half times. That’s an issue of Rs. 4 billion. That also gives us at the CSE a lot of confidence in the strength of this capital market as a venue for fundraising.”
Hela Apparel Holdings Chairman A.R. Rasiah said, “Today is a landmark for all of us at Hela and marks the culmination of a journey that began more than five years ago, with a vision to build a world-leading apparel supply chain solution provider that shares its value creation with all its stakeholders. We have been truly humbled by the response to the IPO from all sections of the investment community and look forward to working diligently to build global value for all who have placed their trust in us.
Hela Apparel Holdings is one of the leading apparel supply chain solution providers in Sri Lanka with over three decades of experience in the industry.
Over the years the company has successfully built strategic relationships with some of the world’s leading apparel and fashion brands.