Applicants eligible for preferential allotment will be allotted 4,577,100 shares.

 Applicants eligible for non preferential allotment will be allotted 9,422,900 shares.

Applications up to 30,000 shares – Allotted in full.

30,001 to 1,000,000 shares – 30,000 shares + 25% shares applied for over & above 30,000 shares.

Over 1,000,000 shares –        30,000 shares + 25% of shares applied for between 30,000 – 1,000,000 which

Applications for 5,000 shares – 1000 shares.

Applications for above 5,000 shares – 1000 shares + 5.08% shares applied for over & above5,000 shares.

All allocations will be rounded to nearest 100 shares.

Colombo Stocks continue to fall after reaching all time high in last week. ASI lost 26.47 points to close at 2691.04 while more liquid Milanka closed at 4193.75, lost 2.09 points. Turnover recorded for the day was 639.6 million rupees. The Registrars to the Ceylon Tea Brokers IPO, P W Coperate Secretarial (Pvt) Ltd has informed the oversubscription of said IPO.   

Despite massive loss (Rs 12 billion +) that announced by Dialog Telekom yesterday, it was closed 25 cents higher at Rs 7.00. Sri Lanka Telecom lost 1.25 to close at Rs 40.25.

The Bukit Darah Plc was down by Rs 199.00 to close at Rs 3300.50 while rarely traded company The Autodrome Plc lost fifty rupees to end the day at Rs 300.00. Ceylon Investment Plc lost 14.75 to close at Rs 260.00. Ceylon Tobacco Company Plc a subsidiary of multinational BAT group closed at Rs 236.00, down eight rupees.

Convenience Foods (Lanka) Plc, manufacturers of Soya Food product closed at Rs 126.75, up seven rupees.  Ceylinco Insurance Plc was up by 5.75 to close the day at Rs 240.00.

Foreigners were net sellers today with Rs 30.5 million purchases & Rs 80.4 million sales.

Considering current Bull Run at Colombo Stock Exchange this issue will oversubscribe on opening day. Ceylon Tea Brokers IPO will open on 16^th February 2010.

Colombo Stock Exchange will start trading for the year 2010 on Monday the 4^th January. The scheduled trading commence for recently the concluded IPO, Renuka Agri Foods Ltd is also on tomorrow.

Most of small investors who subscribed to above IPO got what they asked for. Now High Net Worth individuals & corporate investors are waiting to grab their required quantity of this stock.  Renuka  Agri Foods Ltd issued 120 million shares at Rs 2.25 per share to general public.

ASI managed to close 11.70 points higher at 3356.59 while MPI closed at 3820.57, up 11.55 points. Turnover recorded for the day was Rs 620.9 million. There were retail investor interest seen on shares under rupees 10.00.

Dialog Telekom (1,843,400 shares) closed the day unchanged at Rs 7.25 while over one million Piramal Glass Ceylon Plc shares traded at Rs 2.10 per share. Large quantities (1,022,900 shares) traded in Blue Diamond Jewelry Worldwide Plc & closed 10 cents lower at Rs 2.00.

The Bukit Darah Plc added Rs 87.50 to its value and closed at Rs 2850.00. J.L Morison Sons & Jones (Ceylon) Plc was up by Rs 49.50 to close at Rs 799.50 on 200 shares.    Carson Cumberbatch Plc closed at Rs 455.50, up 17.25.

Aitken Spence Plc lost 25 rupees to close at Rs 1325.00. Nestle Lanka Plc dipped by Rs 9.50 to end the day at Rs 415.00.

There is good news for investors who subscribed for Renka Agri Foods initial Public offering (IPO). Colombo Stock Exchange has announced that the Renka Agri Foods shares will be start trading on 4^th January 2010. The assigned security code is RAL-N-0000. It was classified under Beverage, Food & Tobacco sector.

There is only one more trading day for the year 2009; the 31^st December 2009 is a public holiday in Sri Lanka.

The Presidential Election campaigns are heating up; both top two candidates are working hard to win the most powerful post in the country.

 There are so many online polls are currently active on various websites with deferent results.  Some visitors may try to manipulate the poll results by voting more than once. This is not a campaign for any particular Presidential Candidate. So please give only one vote for your preferred person.

Remember these online opinion polls don’t give 100% clear picture. Most of (90%) internet users in Sri Lanka are from Colombo District or Western Province.

You can find the poll widget on top left hand corner of this blog.

                                                                                                                           

The Directors of above Company made an announcement to Colombo Stock Exchange regarding their recently concluded IPO.

Investors who applied 1000 to 10,000 shares will get the full amount.

Investors applied over 10,000 shares will get 10,000 shares & 5.99% of the total applied.

The board of directors of Renka Agri Foods Ltd further said in their statement that they believe the above mentioned basis is fair to all applicants considering the total number of shares applied.

Renuka Agri Foods IPO oversubscribed more than twelve times.