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Jetwing+Symphony%2C+investment+arm+of+Jetwing+Hotels+announces+IPO
Thursday, 07 December 2017 - 14:47
Jetwing Symphony, investment arm of Jetwing Hotels announces IPO
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Jetwing Symphony Limited is planning to raise between Rs. 753 million to Rs. 904 million through an Initial Public Offering.
 
The IPO will open on 14th of this month.
 
JSL will offer 50, 218, 856 ordinary voting shares to the public at a price range of Rs. 15.00, Rs. 16.00, Rs. 17.00 and Rs. 18.00 per share.
 
The offering is amounting to 10% stake in the company.
 
Capital Alliance Partners Limited is the Manager to the issue.
 
Incorporated in 2007, JSL will function as the Jetwing Group’s investment.
 
Its current portfolio includes Jetwing Yala (Yala), Jetwing Kaduruketha (Wellawaya), Jetwing Lake (Dambulla), Jetwing Surf (Pottuvil Point) and Jetwing Colombo Seven (Colombo).
 
Funds raised from the IPO will go towards adding a property in Kandy - Jetwing Kandy Gallery - and towards rebalancing the overall gearing mix in some of its properties.
 
JSL’s current portfolio of hospitality properties offers eco-friendly and locally enriched experiences to Sri Lanka’s booming tourism industry.

Its properties are also strategically located across the island to take advantage of the newest travel demands whilst providing travellers a holistic and truly Sri Lankan experience.

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