Applications are invited from the public to subscribe for Fourteen Million (14,000,000) new ordinary voting shares at a price of Rupees Two (Rs.2.00) per share under the terms and conditions set out in Prospectus. Minimum subscription per application is 5,000 shares (Rs 10,000). Applications exceeding the minimum subscription should be in multiples of 1,000 shares.
This IPO is relatively small & will be listed on CSE “Diri Savi Board”. Currently Ceylon Tea Brokers Ltd is making profit & has the potential for future growth.  
There are currently eight brokers functioning in the industry & Currently Ceylon Tea Brokers Ltd market share is 6.2%. Their Staff strength consisted of sixty eight employees as at December 31, 2009 (People are one the key success factors in the tea brokering industry).
Considering current Bull Run at Colombo Stock Exchange this issue will oversubscribe on opening day. Ceylon Tea Brokers IPO will open on 16th February 2010.
Definitely you will not get the total amount if you apply more than 5000 shares but can’t predict the allotment basis.
You can download the Ceylon Tea Brokers IPO prospectus & Application form by visiting cse.lk website.
Recommendation – Subscribe  
Source – Ceylon Tea Brokers IPO prospectus

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Filed under: Investment Tips • IPO

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