JXG IPO seems interesting - Investing in Sri Lankas Stock Market - 28th March 2026
Hi, Its Day 2 of learning the CSE Market and the above image might shock you at the start. Basically if you buy a stock there is commision or a ask price.With my broker i believe its 1.2% which means the stocks should matrue atleast 1.2% to either break even or head to profits, which is fair I guess. I am investing in the long term and this is an opportunity to learn. The JXG Group has announced their IPO, As a person learning I want to take risks to learn about the stock Market. My Investement advisor, told me not to treat it as gamlbling which i dont and will never do so. I downloaded the prospectus and went through it. I found some interesting points and please go ahead and tell me if they are normal. 1.The JXG business is a family business as the man shareholders are the Schaffter Family, including Mr Prakash Schaffter (the duputy Chairman) who was a famous cricketer. Around 21.74% of the shares are the only floating shares which means the family business will start in ...