Subscription Opens on: 2025.05.08

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Initial Public Offering of
Capital Alliance Holdings Limited (CALH)

Offering 157,500,000 shares at LKR 10.00 | Target: LKR 1,575 Mn

Apply Now
Download Prospectus
IPO Highlights

Building Wealth, Bridging Markets

A Legacy of Leadership and Innovation

With over 24 years of excellence, we have built a strong foundation in investment banking, asset management, stockbroking, and primary dealing. What began as a family-focused service has grown into a leading, full-spectrum financial services provider, guided by deep market insight and a spirit of innovation.

Driving Sustainable Growth Across Borders

Our expansion beyond Sri Lanka has driven long-term growth. Since entering Bangladesh in 2021, we’ve continued our regional push, with plans to establish a full-fledged investment bank in Kenya. By targeting markets with significantly larger GDPs and maintaining diverse revenue streams, we enhance resilience and ensure sustainable growth across varying economic conditions.

Tech-Enabled Future and Retail Growth

Our focus remains on digital transformation and retail growth. With a digital-first approach, we are creating personalized, tech-driven financial solutions tailored to the evolving needs of retail customers. This positions us to lead in the fintech space, drive innovation, and play a key role in shaping the future of finance in the region.

Primary Dealer

Since 2002

LKR 15+ Bn Average Daily Transactions

Capital Alliance PLC (CALT)
Sri Lanka

Fund Management

Since 2012

LKR 250+ bn Assets Under Management

Capital Alliance Investments Ltd. (CALI)
Sri Lanka

CAL Investments Ltd.
Bangladesh

Equity Trading

Since 2006

Second largest stockbrokers in Sri Lanka for FY2025 & one of the fasted growing in Bangladesh.

Capital Alliance Securities (Pvt) Ltd. (CALS)
Sri Lanka

CAL Securities Ltd.
Bangladesh

Corporate Finance & Advisory

Since 2003

A Leader In M&A Advisory with a foot print of USD 1.8bn since 2015

Capital Alliance Partners Ltd. (CALP)
Sri Lanka

CAL Bangladesh Ltd.
Bangladesh

IPO at a glance

Type of shares

Ordinary Voting

Offer Size

LKR 1,575 Mn

Price per Share

LKR 10.00

Shares Offered

157,500,000

Stake Offered

7.6%

Market Capitalization

LKR 20.7 Bn

IPO at a glance

Type of shares

Ordinary Voting

Offer Size

LKR 1,575 Mn

Price per Share

LKR 10.00

Shares Offered

157,500,000

Stake Offered

7.6%

Market Capitalization

LKR 20.7 Bn

Our Journey Through the Years

From humble beginnings to industry leadership — each milestone marks a chapter in our story of innovation, resilience, and growth. Here’s a look back at the key moments that shaped who we are today.

From humble beginnings to industry leadership — each milestone marks a chapter in our story of innovation, resilience, and growth. Here’s a look back at the key moments that shaped who we are today.

  • Board of Directors
  • Key Management
  • Senior Leadership
  • Objectives
de-zoyza

Dinesh De Soyza

Chairman – Non-Executive Non-Independent Director

Ajith Fernando

Ajith Fernando

Non-Executive Non-Independent Director

Shiromal Cooray

Shiromal Cooray

Non-Executive Non-Independent Director

Jeevan W

Jeevan William

Non-Executive Independent Director

rj-arasaratnam

Raju Arasaratnam

Non-Executive Non-Independent Director

Jeevan W

Rajitha Jayasuriya

Non-Executive Independent Director

Jeevan W

Sanjeewa Anthony

Non-Executive Non-Independent Director

kasthuri-chelwaraja

Kasturi Wilson

Non-Executive Independent Director

kasthuri-chelwaraja

Thusitha Perera

Non-Executive Independent Director

Kanishke-Mannakkara

Kanishke-Mannakkara

Group CEO

Jeevan W

Sharmali Perera

Chief Risk & Compliance Officer – CAL Group

Tharindra Kulasinghe

Tharindra Kulasinghe

Chief Information Officer

Jeevan W

Udeeshan Jonas

Chief Strategist

Jeevan W

Anushi Jayasinghe

Chief Human Resources Officer

Shiromal Cooray

Nishantha Adhikari

Head of Finance

Jeevan W

Deshan Pushparajah

MD Global Markets & IB, Country Head CAL Bangladesh

Jeevan W

Milanka Induruwage

Executive Vice President – Head of Equities

Jeevan W

Nishok Goonasekera

CEO – Capital Alliance Partners Limited

Jeevan W

Lahiru Ariyaratne

Chief Growth Officer – CAL Group & CEO – CALS

Jeevan W

Sanura Silva

Chief Executive Officer – CALT

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Market Expansion into Frontier Markets

Broadening CALH’s footprint by entering high-growth potential regions.

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Digitization Initiative

Accelerating digital transformation to deliver more efficient, tech-enabled financial solutions.

Map Icon

Expansion of Broker Credit Portfolio

Strengthening the credit capacity of Capital Alliance Securities (Pvt) Ltd (CALS) to serve a wider client base.

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Investment in Market-Aligned Assets

Utilizing CAL’s deep market expertise to invest in high-potential assets for long-term value creation.

CALH IPO – Press Conference

Capital Alliance Holdings (CALH) hosted its official IPO press conference on 24th April 2025.
Led by the Founder, Chairman, and CEO, the event covered CAL’s IPO strategy, business performance, and future plans.
The session concluded with a Q&A, offering exclusive insights into one of Sri Lanka’s most anticipated market entries.

How to Invest in the IPO

  • Online
  • Manual
1

Read the Prospectus

Download and review the official IPO prospectus to understand the offering details, benefits, and risks.

2

Fill the Application Form

Open the CSE Mobile App or Web and complete the IPO application form. (CDS account is required)

3

Make the Payment

Pay via SLIPS, CEFT, or Bank Transfer. Use RTGS for LKR 100M+. No other methods accepted.

4

Submit the Application

Attach your payment proof to the application within the app and submit it.

Apply Now
1

Read the Prospectus

Download and review the official IPO prospectus to understand the offering details, benefits, and risks.

2

Get the Application Form

Download the form from this page or collect a printed copy from the CAL Customer Experience Center.

3

Make the Payment

Pay via Cheque, Bank Draft, or Bank Guarantee. Online transfers (SLIPS/CEFT) are not allowed.

4

Submit the Application

Fill out the application and hand it over to the CAL Customer Experience Center, along with the payment proof.

A CDS account is required to apply for the IPO.
Don’t have one?

Sign Up Now

A CDS account is required to apply for the IPO.
Don’t have one?

Sign Up Now

Application form, Highlights and Prospectus

Download Application Form – Retail / Non Retail

Download IPO Highlights

Download Prospectus

News and Articles

CAL IPO - EconomyNext

CAL to Raise Rs 1.58Bn via IPO

EconomyNext highlights CAL’s capital raise and strategic expansion roadmap.

CAL IPO - The Morning

CAL IPO to Fund Growth

Insights on how CAL plans to utilize IPO proceeds for regional expansion.

CAL IPO - TodayHeadline

CALH Launches IPO

CAL Holdings’ Rs 1.5Bn IPO marks a key milestone in its growth journey.

CAL Expansion - The Morning

CAL Eyes Africa

IPO-backed plans to scale up in high-growth frontier markets.