The shares of Alpha Fire Services Ltd. were listed on the Colombo Stock Exchange (CSE) yesterday (7). The shares have been listed on the Empower Board of the CSE under the “2010 – Capital Goods” sector. The occasion was marked with a special bell ringing ceremony.
Representing Alpha Fire Services Ltd., Chairman/Managing Director Vijith Perera, Executive Non-Independent Director Samud Gunasekara, Co-Founder and Non-Executive/Non-Independent Director Deanne Ryde, Kalhari Perera, and Head of Finance S. Branavan took part in the ceremony. Financial advisor and manager to the issue, Acuity Partners (Pvt.) Ltd. Group Managing Director and Director and former CSE Chairman Ray Abeywardena were also present at the event.
The CSE was represented at the event by its CEO Rajeeva Bandaranaike and the CSE Senior Management.
Speaking at the ceremony, Bandaranaike congratulated Alpha Fire Services on its initiative to go public.
“CSE established a dedicated board for small and medium-sized enterprises (SME) with the view of providing an opportunity on one hand for SMEs to reach out for market-based funding and also to broaden the scope of companies that are listed on the exchange. We at CSE are indeed happy that companies are now beginning to make use of the Empower Board. Alpha Fire Services Ltd. is the first equity listing through an introduction for the year 2022. The company is leading fire protection and detection service in Sri Lanka with over 30 years of experience, providing services to both the private and public sector,” he stated.
Commenting on the listing at the CSE, Bandaranaike added: “The CSE is extremely pleased to have a diverse group of companies representing different industries. Particularly those companies that are established with a strong track record and a commitment to excellence in a listed portfolio. As a result, investors have the option of investing in a diversified portfolio. So, we encourage corporates of all scales, and also from different sectors and different industries, to make use of the capital market for their funding requirements. Over the years, CSE has taken many initiatives to make the entire process of listing easier and more convenient, and today we are witnessing the results of those initiatives as we see an increase in listings on the stock exchange.”
Speaking at the event, Alpha Fire Services Ltd. Executive Non-Independent Director Samud Gunasekera commented: “Alpha Fire Services Ltd. is a leader in fire protection and detection business with over 30 years of excellence in the fire industry of Sri Lanka. The company commenced the business on a small scale back in 1989, and now the company is the leader in the Sri Lankan fire industry.
“Alpha Fire Services Ltd. has a qualified and trained team of engineers and technical staff with many years of experience in the industry. The company is fully equipped to handle large-scale fire protection, detection, and suppression systems.
“Alpha Fire Services Ltd. is in the top tier with CIDA EM1 (ICTAD) status and ISO 9001:2015 certification, and Alpha is a proud member of the National Fire Protection Authority – USA (NFPA). We at Alpha Fire Services Ltd. are looking forward to the exciting journey ahead as a listed company by entering the capital market.”
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