As the eagerly awaited Initial Public Offering (IPO) of Sarvodaya Development Finance (SDF) is set to take place on the 23rd of November, the organization has announced the hosting of an investor forum for investors and analysts. The event will take place on the 17th of November 2021 from 3.30 pm in BMICH’s Orchid Hall, presenting a much awaited opportunity for investors and other interested parties to obtain an in-depth understanding of the forthcoming IPO, while ensuring all relevant queries are resolved. SDF is the financial services arm of one of Sri Lanka’s oldest movements, the Sarvodaya Shramadana Movement, and is set to offer up to 45,454,546 ordinary voting shares at a price of Rs. 22 per share, this presents an upside of 18 percent per share, resulting in a projected market capitalization of Rs. 3.29 billion assuming full subscription at the issue price. The IPO is set to enable investors with the development of society in mind to support SDF’s on-going work to develop rural villages and enhancing national development to achieve societal benefits.
