The shares of Digital Mobility Solutions Lanka Ltd (CODE: PKME-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 3rd October 2024. The shares are listed on the Main Board of the CSE under the ‘Passenger Ground Transportation’ sector. The occasion was marked with a special Bell Ringing Ceremony.
The Company’s Offer for Sale of 43,474,179 ordinary voting shares at LKR 36.00 per share was successfully oversubscribed by 2.7 times, demonstrating strong investor confidence in its prospects.
The event was attended by Digital Mobility Solutions Lanka Ltd. (PickMe) Founder and CEO, Mr. Jiffry Zulfer; Chairman and Director, Mr. Ajit Gunewardene; Head of Corporate Finance and Director, Ms. Tasnim Salie; CFO, Mr. Maduranga Kulathilaka; and COO, Mr. Isira Perera. Representing the Joint Managers to the issue, Group COO & Head of Investment Banking of CT CLSA, Mr. Zakir Mohamedally; and CEO of CAL Partners, Mr. Nishok Goonasekera attended the event.
Also present at the event were Directors of Digital Mobility Solutions Lanka Ltd, Mr. Conrad Dias, Mr. Ruchi Gunewardene, Mr. Travis Roche, and Mr. Mano Rajakarier, along with Precedent Partner, Heritage Partners, Dr. Arittha Wikramanayake; Chairperson, SLASSCOM, Mr. Nishan Mendis; and Chairman, FITIS, Mr. Indika De Soyza including key management personnel of PickMe.
The Colombo Stock Exchange was represented at the event by its Chairman, Mr. Dilshan Wirasekara; CEO, Mr. Rajeeva Bandaranaike; CRO, Mr. Renuke Wijayawardhane, VP – Listing, Ms. Kanishka Munasinghe and members of the CSE Senior Management.
Delivering the opening remarks, CSE Chairman Mr. Dilshan Wirasekara congratulated Digital Mobility Solutions Lanka Ltd on their achievement, “As one of Sri Lanka’s leading digital mobility platforms, we are pleased to welcome PickMe to the CSE. This listing marks a significant milestone for both the Company and the country’s capital market, and we look forward to their continued growth. The Colombo Stock Exchange offers a wide range of capital-raising opportunities, and we encourage companies like PickMe to leverage the capital market through equity, debt, or any of our other innovative financial instruments to pursue growth and create value for their stakeholders.”
Mr. Ajit Gunewardene, Chairman and Director of Digital Mobility Solutions Lanka Ltd, shared his thoughts on the debut, “It’s been a decade-long journey from a simple idea to becoming a publicly listed company on the main board of the CSE. This success exemplifies the powerful confluence of strong governance, visionary investors, and exceptional execution by a world-class team—all driven by the transformative power of technology. As a technology-driven business, the growth opportunities are immense, with innovation and scalability continuously opening new frontiers for expansion and value creation.”
Speaking on the momentous occasion, Mr. Jiffry Zulfer, Founder and CEO of Digital Mobility Solutions Lanka Ltd stated, “PickMe is built on a simple idea that has become a life-changing solution. The transformation, however, unfolds through the complex process of digitization. The result is revolutionary wealth, prosperity, and ease of life. Making it happen requires the will to change!”
Digital Mobility Solutions Lanka Ltd, a leading digital mobility service provider in Sri Lanka, known for its flagship brand PickMe, has revolutionized urban mobility through technology, offering ride-hailing and logistics services. PickMe is now one of the country’s top brands, serving millions of users across a wide range of digital transportation and delivery services while outperforming global competitors. We congratulate PickMe and wish them continued success.