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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

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» AHPL.N0000
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» Bakery Products ?
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» NTB.N0000 (Nations Trust Bank PLC)
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» Going South
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» When Seagulls Follow the Trawler
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    Lucky Lanka to enter bourse soon with Rs.300mn IPO

    Sriranga
    Sriranga
    Veteran
    Veteran


    Posts : 3226
    Join date : 2014-02-23
    Location : Colombo

    lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO Empty Lucky Lanka to enter bourse soon with Rs.300mn IPO

    Post by Sriranga Mon Jun 02, 2014 10:34 am

    lucky - Lucky Lanka to enter bourse soon with Rs.300mn IPO Untitl11

    Leading dairy products manufacturer Lucky Lanka Milk Processing Company Limited, based in Southern Sri Lanka, is planning to raise approximately Rs.300 million via an initial public offering (IPO) shortly, Mirror Business reliably learns.

    Possibly as the next IPO to hit the bourse, Lucky Lanka plans to issue both voting and non-voting shares. The price of the voting share is likely to be in the range of Rs.5-6 and the non-voting Rs.3-4, Mirror Business learns.

    The shares will be listed in the secondary Diri Savi Board of the Colombo Stock Exchange.

    The large part of the money raised through the issue is expected to be utilized to settle long and short-term debts and the rest for capacity expansions.

    The Corporate Advisory and Capital Market Division of Merchant Bank of Sri Lanka is believed to be acting as the managers and registrars to the issue.

    Founded by Lal Keerthi Gunewardena— the present Chairman—with the support of his four sisters, Lucky Lanka today stands as the only yogurt manufacturer with the SLS certification in Sri Lanka.

    The business, which began as a household industry in 1991 with a couple of cows, was registered as a limited liability company in 2007 under the name of Lucky Lanka Milk Processing Company Limited.

    The company now buys fresh milk from thousands of farmers and produces yoghurt and other dairy products and distributes islandwide under the brand name ‘Lucky’.

    The product range comprises of flavoured yoghurts, fresh fruit and drinking yoghurt, pasteurized milk, sterilized milk, UHT milk, flavoured milk and fruit drink bottles. The two most recent product introductions by the company were its chocolate-flavoured yoghurt and milk toffees.

    Lucky Lanka has provided direct and indirect employment to over 500 workers and also boasts of the country’s best cold distribution network with 120 refrigerated vehicles.
    www.dailymirror.lk

      Current date/time is Sun Jul 14, 2024 11:08 am