Morenzo raises Rp 41.16 billion during its IPO

14 September 2020 06:49

JAKARTA - PT Morenzo Abadi Perkasa Tbk (ENZO), a frozen seafood manufacturer, raised Rp 41.16 billion during its IPO that last week (7/9). ENTO shares will be listed on the Indonesia Stock Exchange (IDX) starting at the first trading session today (14/9).

According to the company's prospectus, ENZO offered 392 million shares at a price of Rp 105 per share during its IPO. All proceeds from the IPO will be used as working capital.

In addition, ENZO also issued 196 million Series I Warrants priced at Rp 200 per share.

Currently, ENZO's authorized capital is recorded at Rp 150 billion with an issued and paid-up capital of Rp 74.77 billion. (LK/AR)

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