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Janashakthi PLC (JXG) is a Sri Lankan diversified financial conglomerate that provides products and services across life insurance, investment banking and non-bank finance, serving individuals, enterprises and institutions across Sri Lanka. The group’s operations span specialised life insurance, capital markets and investment banking, and finance and leasing activities. Key businesses named on the group's website include Janashakthi Life, a specialised life insurer offering protection and health-related insurance solutions; First Capital, which provides investment banking and capital markets services and has operated as a primary dealer and market participant; and Janashakthi Finance (rebranded from Orient Finance), which delivers non-bank financial services focused on advancing financial inclusion. The group also operates a philanthropic arm, the Janashakthi Foundation, focused on education, sports and community development. The group describes its activities as supporting access to financial services across Sri Lanka through a combination of physical reach and digital solutions, targeting individuals, families, small businesses and institutional clients.
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First Capital Holdings PLC reported a Profit after Tax of Rs. 2.10Bn for the year ended 31 March 2026, with Group net income before operating expenses of Rs. 6.59Bn. The Primary Dealer (PAT Rs.1.60Bn) and Corporate Finance (PAT Rs.0.93Bn) divisions were key contributors.
Janashakthi Insurance (JINS.N0000) posted Q1 Gross Written Premiums of LKR 2.6Bn, up 42% YoY, and market capitalization rose to LKR 29Bn (70% increase). Total assets increased to LKR 41Bn, new business was up 25% YoY and claims paid were LKR 985.8Mn (26% YoY).
Janashakthi Ltd (JXG) rose 37% on its CSE Main Board debut, closing at Rs.13.70 after a Rs.5 billion IPO priced at Rs.10. Nearly 125 million shares traded (25% of IPO), generating Rs.1.8 billion in turnover and 43% of the day's market turnover.
Janashakthi Limited (JXG.N0000) debuted on the CSE Main Board after raising Rs.5 billion through a 500,000,000-share IPO that was three times oversubscribed. The company says proceeds will fund expansion into general insurance, microfinance and NBFIs, overseas growth and debt repayment.
Janashakthi Ltd (JXG) will begin trading on the Colombo Stock Exchange tomorrow (29) after a Rs.5 billion IPO that was three times oversubscribed, attracting 20,397 applications for 1.5 billion shares worth Rs.15.16 billion.
Janashakthi Limited told the CSE on April 24, 2026 that preferential allotments to non‑retail investors were made under Listing Rules after pre‑marketing and firm commitments to ensure the success of its Rs. 5 billion IPO, the largest on the CSE in 14 years.
Janashakthi Ltd (JXG) said it allocated 325 million shares (65%) to non-retail investors in its Rs.5 billion IPO—oversubscribed over three times—citing market sentiment shifts and premarket commitments amid Middle East tensions. Analysts questioned the absence of a formal holding period for preferential non-retail and employee allotments.
Janashakthi Limited finalized its IPO basis of allotment after the issue was oversubscribed (~1.52bn shares applied vs 500m offered). Retail investors receive 100% allotment for applications up to 4,000 shares; strategic investors were allotted 243,000,000 shares and other categories receive weighted allocations.
Janashakthi Limited’s IPO was oversubscribed ~3.03x, receiving Rs.15.16 billion from 20,397 applications for the 500,000,000-share (Rs.5 billion) offer at Rs.10 per share. Allotment and listing updates are expected from the company and the CSE in the coming days.
Janashakthi Group (JXG) will raise Rs5 billion via an IPO of 500 million shares (21.74%) at Rs10 each on April 9. Deloitte valued JXG at Rs15.92/share (IPO at a 37.18% discount); proceeds will fund financial-services expansion (Rs3.5bn), overseas growth (Rs0.5bn) and debt optimisation (Rs1bn).
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.
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