A total of 149,596,052 ordinary voting shares will be listed under the ticker symbol SDF.N and the Company will be categorized under the “Consumer Finance – 4020” sector.
Managed by NDBIB Bank, Sarvodaya Development Finance’s IPO successfully raised LKR 1 billion through offering a stake of 30.38% (45 million shares) of the Company to the public at a price of LKR 22.00 per share.
Active interest in the issue was witnessed across a range of investors, including individuals and institutions.
Sarvodaya Development Finance is a licensed finance company formed in 2010 as the economic arm of the Sarvodaya Movement (est. 1958), one of the oldest NGOs in Sri Lanka.