Prime Lands Residencies Opens Its IPO Today
Daily Mirror - Sri Lanka|May 11, 2021
Prime Lands Residencies, the condominium property arm of Prime Group, opens its initial public offering (IPO) today, May 11, 2021.
Prime Lands Residencies Opens Its IPO Today

The highly-awaited IPO will enable investors to indulge in a plethora of benefits by investing in the real estate sector, a market considered to be a secure and highly lucrative investment, even during these testing times.

By investing in the IPO, investors stand to doubly benefit from the growth of both the real estate market and share market, which has also seen highly positive growth forecasts over the turn of the year– having secured returns after investing in a reputed, reliable company such as Prime Lands Residencies Limited.

The IPO is being offered at a 40 percent discount, allowing investors to reap a significant capital gain. The company has also indicated that investors are eligible to avail a significant dividend payout of 40 percent from the profits of the financial year ending on March 31, 2021.

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