Luminex Limited Officially Enters the Stock Market with a Listing on the CSE

• 24 Jun 2022
• 0

Following the completion of the IPO process, the shares of Luminex Limited (CODE: LUMX-N-0000) ceremoniously commenced trading on the Colombo Stock Exchange (CSE) this week. 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.

Key leadership executives from Luminex Limited, including Chairman Dr. Harsha N. De Silva, Managing Director Ruwan Fernando, and Director & CEO Upul Lekamge, were present to celebrate the corporate milestone for the company. Financial advisor and manager to the issue Navara Capital, which guided Luminex Limited through the listing process, was represented by Chief Operating Officer Jayasankha Alahendra and the members of the engagement team.

The CSE was represented by its Chief Executive Officer, Rajeeva Bandaranaike, Chief Regulatory Officer, Renuke Wijayawardhane, and the CSE Senior Management.

Speaking at the ceremony, CSE CEO 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 offers 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 instills good  governance practices and transparency through the compliance framework at the CSE

Speaking at the event, the 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 centers across the country.

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