Capital Alliance Holdings Limited (CALH) is set to go public with an initial public offering (IPO) of 157.5 million ordinary voting shares, each priced at Rs. 10.

The Colombo Stock Exchange (CSE) has granted in-principle approval for the listing of the company’s shares, which will be offered through a subscription scheduled to open on 8 May.

The IPO, which amounts to a total issue size of Rs. 1.575 billion, will be listed on either the Main Board or the Diri Savi Board of the CSE, depending on final approvals.