Prime Lands Residencies IPO introduces “SUBMIT ONLINE from HOME”

Prime Lands Residencies Limited, the condominium property arm of Prime Group, the ‘Maestro of Real Estate Artistry’ in Sri Lanka, recently debuted its Initial Public Offering (IPO) and will now be allowing potential investors the ability to submit applications for the IPO from the safety and comfort of their homes, through their website www.ipo.primeresidencies.lk.

Investors stand to gain a plethora of benefits, including capital appreciation in price, and further share price increases related to the forecasted highly positive Company performance levels, in the near future. Further, this offers investors the chance to invest into real estate, a market considered to be a secure investment under most circumstances, one that is still highly lucrative during these testing times and stands to be stronger after the pandemic passes. By investing in the IPO, investors stand to doubly benefit from the growth of both the real estate market, and the 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. The IPO is being offered at a 40% discount allowing investors to reap a significant capital gain. The Company has also indicated that investors would be eligible to avail a significant dividend payout of 40% from the profits of the financial year, ending 31st March 2021, within a few months of the launch.