News & market updates

Capital Alliance Holdings PLC (CALH.N0000) debuted on the CSE and jumped 73.0% to LKR17.30 (intraday high LKR18.00) on its first trading day. The IPO was priced at LKR10, was 15.5x oversubscribed and generated LKR1 billion of turnover.

Capital Alliance Holdings (CSE: CALH) began trading on the Colombo Stock Exchange today after an oversubscribed IPO; 2 billion ordinary shares were listed and the issue drew applications for 2.33 billion shares (over Rs.23.3bn). Shares traded between Rs.14.00 and Rs.15.00 in the first hour.

The Treasury raised the full Rs.200 billion offer at auction as secondary bond buying pushed yields lower after the CBSL cut the overnight policy rate by 25bp; key auction yields were 8.85% (01.07.28), 9.47% (15.12.29) and 10.46% (15.09.34). The rupee marginally appreciated to Rs.299.35/299.45 and secondary bond turnover on 28 May was Rs.125.317 billion.

CBSL cut the Overnight Policy Rate by 25 bps, after which secondary bond yields fell across maturities and yields shifted lower; a Rs.157.50bn T‑Bill auction was fully subscribed. Foreign holdings in rupee treasuries rose by Rs.0.55bn and the rupee closed near Rs.299.45.

Capital Alliance Holdings' IPO was 15.5 times oversubscribed, receiving 23.3 billion rupees of applications for a 1.5 billion rupee offering. A total of 6,847 applications were received, including bank guarantees from 85 investors covering 14.7 billion rupees.

WealthTrust Securities: Secondary bond yields were broadly steady with short-tenors easing and profit-taking lifting 2028-29 yields ahead of a Rs.80.00 billion Treasury Bond auction (Rs.35bn 15-Oct-2029 at 10.35% and Rs.45bn 01-Nov-2032 at 9.00%) settling 15 May.

Capital Alliance Holdings (CALH) has launched a Rs.1.575 billion IPO of 157.5 million shares at Rs.10 each (7.6% stake), opening on 8 May. About half the proceeds will fund expansion into Kenya, with the remainder to boost digital, retail and investment-banking initiatives.

Capital Alliance Holdings Limited (CAL) has launched an IPO opening on 8 May 2025, offering a 6% stake with an indicated issue size of LKR 575 billion and a post-IPO market cap of LKR 7 billion. Proceeds are intended to fund frontier-market expansion and scaling of its digital investment platforms.

Capital Alliance Holdings PLC (CALH) will raise Rs.1.58 billion via an IPO opening May 8, 2025, offering 157.5 million shares (7.6%) at Rs.10 each and valuing the company at Rs.20.7 billion post-IPO to fund expansion and digital platform growth.

Capital Alliance Holdings PLC plans to raise Rs1,575 million via an IPO of 157.5 million shares at Rs10 each, with subscriptions opening on May 08 on the Colombo Stock Exchange.

Sanura Silva was appointed CEO of Capital Alliance PLC, replacing Ajith Fernando who will remain a non-executive director. Silva, who leads the company's trading team and is a registered investment advisor and fixed-income trader, was named in an exchange filing and the stock traded at Rs 54.90 mid-morning.

Treasury Bond auctions were fully subscribed, raising Rs.67.50 billion with strong demand (bids 2.75x) and key maturities issued below expectations (01.09.28 at 10.31%, 15.10.30 at 11.23%). Secondary bond market rallied, yields fell and USD/LKR appreciated to Rs.295.90/296.20.

Capital Alliance Holdings (CALH.N0000) renewed its partnership with CFA Society Sri Lanka as a Silver Partner, continuing its support for capital market development. The company said the renewal will help promote professionalism and sustainable, ethical investment practices.

Capital Alliance Holdings PLC renewed its partnership with CFA Society Sri Lanka as a Silver Partner, continuing its support for capital market development and professional education in Sri Lanka.

Secondary bond yields declined and the Rs.185b weekly T-bill auction was fully subscribed; weighted average rates were 91-day 8.66%, 182-day 8.81% and 364-day 9.02%. The USD/LKR depreciated to Rs.291.55/291.85 and secondary bond/bill volume was Rs.20.62b.

Secondary Treasury yields saw intraday swings—15.10.27 and 01.05.28 fell to lows of 10.07% and 10.45% before rising to highs of 10.15% and 10.60%; total secondary Treasury turnover was Rs.70.35bn. Money-market rates were around 8.17%–8.32%, CB net liquidity surplus Rs.221.89bn and USD/LKR marginally appreciated to 290.30/290.40.

Capital Alliance Holdings-led consortium acquired a 20% stake in Colombo Coffee Company from Ironwood Capital Partners. The Colombo Coffee group, which includes Barista Coffee Lanka, is a market leader serving four of every five large hotels in Sri Lanka.

Hemas Holdings PLC appointed Ms. Thusitha Perera as an Independent Non-Executive Director effective 1 September 2024. She will serve on the Audit Committee and Related Party Transaction Review Committee and brings extensive finance and international corporate experience, including current board service at Capital Alliance Holdings.