We are ready to list our shares via an IPO in the Colombo Stock Exchange and applications are out now!!!
LCB Finance IPO 2021 We are a fast-growing financial institution in the non-banking financial institution (NBFI) Sector with the approval of the Central Bank of Sri Lanka. With range of product offerings, LCBF is dedicated to improving the living standards of low-income earners. Today, we serve over 26,000 customers across the country with a network of 08 branches. In the last financial year, we recorded LKR 100 Mn as PBT along with an Asset base of LKR 3.6 Bn followed by a [SL]+ Stable outlook credit rating from ICRA. We have received approval from CSE for the IPO with an Issue Price of LKR 4.00 per share in order to raise LKR 300 Mn Initially and an additional LKR 200 Mn in the event of oversubscription (at the option of the Board of Directors). The expected issue opening day is on October 26, 2021. It should be noted that the Major shareholders of the Company, Lanka Credit and Business Finance Limited (LCBL) have given an undertaking to LCBF to subscribe to any unsubscribed shares under the initial issue and/or further issue up to a maximum of 50.0 Mn Shares amounting to a value of LKR 200.0 Mn. Please visit the downloads section of our website for the IPO application and all IPO related documents.