The South Pacific Stock Exchange (SPX) has celebrated the successful closure and oversubscription of Shreedhar Motors Limited’s Initial Public Offering (IPO), underscoring a significant wave of investor confidence in Fiji’s corporate landscape.
The IPO, which concluded last Friday, presented 9 million shares to the public at a price of $1.00 per share. The SPX reported that demand for the shares surpassed expectations, signaling a robust appetite for Shreedhar Motors’ potential growth.
A representative from the SPX remarked, “The oversubscription is a clear sign of confidence in Fiji’s corporate sector and demonstrates the presence of an active and capable investor base ready to support companies seeking long-term capital for expansion.” This enthusiasm reflects an optimistic trend in the local market, as Fiji continues to witness an increasing number of companies pursuing public listings for equity financing.
This successful IPO continues to build momentum in Fiji’s financial market, following a series of active IPOs in 2024 and 2025. Investors can look forward to trading shares of Shreedhar Motors Limited starting on 18 March 2026, further enhancing participation in Fiji’s expanding stock market. This development aligns with a broader trend of growing investor interest and participation in Fiji, suggesting a positive future for the nation’s corporate sector.
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