Following the completion of the IPO process, the shares of Luminex Limited ceremoniously commenced trading on the Colombo Stock Exchange (CSE) on June 23 The shares have been listed on the Diri Savi Board of the CSE under the “2010 – Capital Goods” sector. The occasion was marked with a special Bell Ringing Ceremony organized at the CSE Trading Floor.
CSE Rajeeva Bandaranaike congratulated Luminex Limited on its initiative to go public. “Luminex is our fifth equity listing for 2022. We are pleased to have well-established companies from diverse backgrounds represented on the CSE and offer investors diverse options when investing in the local stock market.
Apart from assisting with raising capital, the stock market also enables companies to discover a price for their shares by unlocking value and thereby creating wealth for its shareholders.
It also instils good governance practices and transparency through the compliance framework at the CSE Chairman of Luminex Limited, Dr. Harsha N. De Silva, said, “Over the last 35 years, the company has grown to be a formidable force in the telecom infrastructure and general engineering fields.
Last year, the company reported a turnover of 3.1 billion rupees and a profit after tax of 489 million rupees. We have a staff strength of 570 people who operate from 29 operation centres across the country.”
“We are also pleased with the successful conclusion of the IPO, even during some of the most difficult times Sri Lanka has ever faced. We are encouraged by the response and would like to say a special thank you to all the investors who placed confidence in the company.”
“As a team, we strongly believe in the resilience of the Sri Lankan economy and its people. We are determined as a company more than ever to go ahead and to make our contribution to the Sri Lankan economy even during these difficult times.”
A listing on the CSE is a hallmark of prestige – an affirmation of a company’s commitment to ensuring the highest standards of corporate governance and transparency.
A public listing also represents, the ultimate recognition of a company’s achievements in terms of growth and prestige. Companies listing on the exchange benefit from enhanced financial flexibility.