This FAQ is intended solely to provide general information to our clients regarding the Initial Public Offering of West Indian Traders Limited (“IPO”). It should not be interpreted as a solicitation, recommendation, endorsement or investment advice that promotes participation in the IPO. All investment decisions are made at the investor’s own risk. Clients are advised to carefully review the Prospectus and all official offering documents, to deciding whether to invest in the listed shares.
See Application form here: WIT Purchase Application Form
Being “listed” on a stock exchange, or in this context the TTSE, means that a company’s shares are officially admitted for trading on that exchange. Once listed, investors can buy and sell the company’s shares in the open market, providing the company with access to capital and giving shareholders a regulated platform for trading.
Listing also requires the Company to be registered with the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) as a reporting issuer and comply with the regulatory framework of both the TTSEC and the TTSE. These frameworks impose standards and ongoing reporting requirements relating to financial disclosures, corporate governance practices, and compliance with market rules. For investors, a listing provides greater transparency, oversight, and liquidity compared to shares in a private company.
West Indian Traders Limited (“WIT”), founded in 1996, has established itself as one of Trinidad and Tobago’s leading distributors of fast-moving consumer goods. Prior to the IPO, the Company is owned by S.L. Holdings Limited (79%) and the Gillette Family (21%).
WIT manages a diversified portfolio of ambient (non-perishable) goods and serves and serves over 4,000 customers nationwide. Revenue is driven primarily by large grocery chains and supermarkets (45%), with the remainder generated from medium and small groceries, pharmacies, schools, and independent retailers.
The Company distributes a wide range of brands, including, but not limited to: Twist Juices, Daisy Oil, Astonish, Hyper Malt, Festival Cookies, Lil Dutch Maid, Parati wafers, Poco loco Wraps, Ducales Crackers, OKF Aloe Drinks and Smoothies, Elvan Chocolates, Kent, Merba, and Tosh Crackers.
Opening Date: May 18th, 2026
Closing Date: June 5th, 2026
WIT will be listed on the Trinidad and Tobago Stock Exchange on July 6th, 2026.
WIT’s Ordinary Shares will be listed on the TTSE.
An aggregate of 5,062,500 Ordinary Shares will be offered, comprising:
This offering represents approximately 22.5% of the Company’s issued share capital being made available to the public.
The offer price is TT$2.00 per share
The company’s ticker symbol will be WIT.
WIT will be listed under the Trading Sector.
The Company’s dividend policy is outlined on page 11 of the Prospectus. In summary, the policy seeks to balance shareholder returns with the need to retain earnings for growth and financial flexibility. Dividends may be paid in cash on a semi-annual basis and will be guided by profitability, liquidity, compliance with debt covenants, and a target payout ratio of 25%-35% of annual net income. Dividend payments may be reduced or suspended during periods of strategic investments or debt repayment. The Board reserves the right to amend the dividend policy at its discretion.
Any individual or institution may purchase or sell shares, provided they have a local brokerage account with a registered broker authorized to trade on the TTSE.
To purchase shares, you must open a brokerage account with a licensed broker authorised to trade on the TTSE. This account enables you to place buy orders for shares available in the open market and sell orders for shares you already own. A list of registered stockbrokers and their contact details is available here. The broker will guide you through the account opening process.
The full account opening requirements for a RWML account can be accessed here. You may also contact us at rwmlinfo@rfhl.com for further assistance.
Details of the WIT Listing are contained in the Prospectus, which is available on the websites of:
This FAQ is intended solely to provide general information to our clients regarding the IPO. It should not be interpreted as a solicitation, recommendation, endorsement or investment advice that promotes participation in the IPO. All investment decisions are made at the investor’s own risk.
All investments involve risk, including the possible loss of principal or initial investment monies. Past financial performance is not a guarantee of future results. The information provided herein by Republic Wealth Management Limited does not constitute financial, investment, or tax advice. Before making any investment, you should conduct your own due diligence and consult with a licensed professional to determine what is appropriate for your specific financial needs and circumstances.
Clients are also advised to carefully review the Prospectus and all official offering documents, in deciding whether to invest in the listed shares.
By using this website, you acknowledge that you have read and understood the foregoing disclaimers and release Republic Wealth Management Limited and its affiliates, members, officers, employees and agents from any and all liability whatsoever relating to your use of this site, any such links, or any information contained herein, inclusive of these FAQs and any documents accessed through such links or downloaded directly from this website.