Sri Lanka, Oct. 23 -- JF Packaging Limited, one of Sri Lanka's leading and multi-award-winning flexible packaging solutions provider plans to raise Rs. 600 million from an Initial Public Offering (IPO) issuing approximately 51.7 million shares in the Colombo Stock Exchange from October 30 to November 19. The listing will help the company's diversification strategy and to move into a resilient high potential sector that supports both domestic and export growth.

JF Packaging Chairman S.D.R. Arudpragasam addressing JF Packaging Investor Forum in Colombo on Tuesday said the packaging industry is valued globally around USD 720 billion and locally it is estimated to be over USD 500 million a year and is entering a dynamic growth phase driven b...