Janashakthi Limited has officially released the basis of allotment for its highly anticipated Initial Public Offer (IPO), following a massive wave of investor interest that saw the issue oversubscribed by more than three times.

According to a formal communication from S S P Corporate Services (Private) Limited, the Registrars to the Issue, the company received 20,359 valid applications for a staggering 1,515,524,200 shares. This demand far exceeded the 500,000,000 new Ordinary Voting Shares offered under the prospectus dated March 25, 2026.

Breakdown of Investor Demand

The IPO, which aimed to raise significant capital, drew interest across all four designated investor categories:

• Retail Investors: Received 16,268 applications for over 165.8 million shares.
• Non-Retail Investors: Accounted for the largest volume of demand, with 3,869 applications requesting more than 1.19 billion shares.
• Unit Trusts: Received 8 applications for 74.7 million shares.
• Janashakthi Group Employees: 214 applications were received for 81.3 million shares.

Basis of Allotment

To manage the heavy oversubscription, the Board of Directors of Janashakthi Limited has finalized a weighted basis of allotment to ensure a fair distribution of the 500 million shares,.

Retail investors will be allotted 100% of their applied quantity for applications up to 4,000 shares. For any shares requested beyond that limit, an allotment of 17.45625% will be applied.

In the Non-Retail category, the company has prioritized strategic growth, allotting 243,000,000 shares to strategic investors on a preferential basis. Non-preferential applicants in this category will receive a minimum of 4,000 shares, plus 9.6365% of any amount exceeding that threshold.

Unit Trust applicants are set to receive a minimum allotment of 500,000 shares, with 65.0636% of their applied quantity over that minimum being fulfilled.

Finally, Janashakthi Group Employees will receive a full 100% allotment for applications up to 500,000 shares, while any excess will be allotted at a rate of 33.78790%.

Next Steps

With the allotment process finalized, the shares will be credited to the respective applicants as per the outlined percentages. The successful conclusion of this allotment marks a significant milestone for Janashakthi Limited as it prepares for its formal listing on the Colombo Stock Exchange.