JAKARTA - PT Kurniamitra Dunia Sentosa Tbk (KMDS) will conduct an initial public offering (IPO). It will offer 160 million shares with an exercise price of Rp 300 per share. The total proceeds from the corporate action are expected to reach Rp 48 billion.
As quoted from the company's prospectus published on Friday (4/9), KMDS shares will be listed on the Indonesia Stock Exchange (IDX) next week (7/9). All funds obtained from the IPO will be used to purchase merchandise from suppliers, expand distribution networks and for promotion purposes.
In 2019, KMDS recorded a revenue of Rp 150.49 billion. (LK/AR)