The Initial Public Offering process for Cable Solutions Limited, one of Sri Lanka's leading specialized integrated cable manufacturers and exporters, is officially commenced and the issue opens on 23rd July 2024. Asia Securities Advisors (Private) Limited is excited to launch this IPO as the Financial Advisor and Manager to the Issue.
Cable Solutions (CSLK), an export-oriented business, is a subsidiary of the ACL Group. ~94% of CSLK’s revenue is derived from exports to 13 countries across the world, showcasing its robust global presence. CSLK’s unique strengths lie in its strong R&D and engineering capabilities, allowing for the customization of cables to meet specific client requirements. Its customers come from diverse high-growth industries such as load cells, automotive, electronic vehicles, instrumentation cables, and renewable energy. The company has earned multiple international quality certifications, including ISO 9001:2015, ISO 14001:2015, and TUV Rheinland certification, demonstrating a commitment to quality, environmental standards, and sustainability - factors that uniquely position CSLK for future growth and success in the global marketplace.
CSLK is offering 80,786,600 ordinary voting shares to the public through the IPO at an offer price of LKR 7.50 per share. The IPO will open on 23rd July 2024, and applications are now being accepted.
We look forward to sharing CSLK's distinctive investment opportunity with you. For additional information on the IPO, please contact Asia Securities Advisors (Private) Limited. The prospectus and application forms can be downloaded from the CSE Website (https://lnkd.in/ggvYN9H), and you can apply for shares online at https://ipo.cse.lk/. Please refer to the prospectus for instructions on the application procedure.
#IPO #CableSolutions #InvestmentOpportunity #AsiaSecurities
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1moEx Global field service manager Cameron/Ingersol Rand 2008 - 2018. Had the pleasure of working alongside Cindy Meka former AC aftermarket manager. I left the industry after the IR acquisition. I’m glad to see your growth and investment in the industry. Regards, Mark D Molnar