RUNS’s shares got oversubscribed 21 times

08 September 2021 10:08

JAKARTA – The public offering of PT Global Sukses Solusi Tbk (RUNS) posts an oversubscription of 21 times the pooling, or 9 times the total emission, during its initial public offering (IPO), taking place from September 2 to 6, 2021. President Director of Global Sukses Solusi, Rachmadi Purnomo, reveals this news during the recording session in Indonesia Stock Exchange, today (8/9).

This oversubscription is indicative of the positive response from the investors towards RUNS’s public offering. “The raised funds from the offering of 196.8 million shares for IDR 254 each clock up to IDR 49.98 billion in total,” Purnomo specifies in detail.

RUNS is the sixth information technology company to be listed on Indonesia Stock Exchange. In this corporate action, PT BRI Danareksa Sekuritas and PT Mirae Sekuritas were appointed as the underwriters.

Most of the collected funds, or 74% of the IPO proceeds, are allocated to establish the Enterprise Resource Planning (ERP) and its application to the users. Then, another 11% would be utilised to develop iKas products, including micro point of sales. The rest of the funds would be spent on research and development, as well as funding the capital expenditure. (LK/ZH)

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