Capital Alliance Holdings Limited (CAL), a leading force in Sri Lanka’s investment banking landscape, today announced the launch of its Initial Public Offering (IPO) under the theme “Building Wealth-Bridging Markets”, set to open on 8th May 2025. The IPO supports CAL’s bold vision to build wealth and bridge capital markets across frontier economies, furthering its mission to democratize financial growth through technology and expertise.
With 25 years of experience, LKR 250+ billion in assets under management, and a proven track record across Sri Lanka and Bangladesh, CAL is poised to scale its full-spectrum investment banking model into high-potential markets beyond Sri Lanka.
“Our theme, ‘Building Wealth, Bridging Markets,’ reflects our vision to connect global investors with the growth story unfolding across frontier regions,” said Kanishke Mannakkara, Group CEO, CAL. “Our ambition extends far beyond Sri Lanka, and our purpose is to create wealth by unlocking the power of capital markets in these places. We are taking the lessons learned from Sri Lanka’s long history with capital markets and applying them on a larger, international canvas.”
IPO Details:
- IPO Price: LKR 00 per share
- Issue Size: LKR 575 billion
- Stake Offered: 6%
- Post-IPO Market Cap: LKR 7 billion
- PBV Ratio: 07x (based on NAV of LKR 9.33)
Strategic Use of Proceeds:
The funds raised will support CAL’s expansion into high-growth frontier markets, enhance its digital investment platforms, and scale up its retail investment reach through cost-effective, tech-driven onboarding. CAL’s digitized ecosystem already offers seamless access to stockbroking, unit trusts, government treasuries and research insights for over 34,000 clients.
From its pioneering role in Sri Lanka’s government securities market to becoming one of the fastest-growing stockbrokers in Bangladesh, CAL has consistently delivered sustainable earnings through diversified revenue streams, cross-border synergies, and tech-enabled scalability.
This IPO is not just an opportunity to invest it’s an invitation to shape the future of frontier market finance, and partner with CAL on a journey that goes beyond borders.
