Triputra Agro Persada to release IDR 866.2 million shares to the public
JAKARTA. PT Triputra Agro Persada Tbk, an agribusiness company under Triputra Group, gears up towards its initial public offering (IPO) of IDR 866.2 million shares on Indonesia Stock Exchange.
Based on the official information from the Indonesia Central Securities Depository, each unit offered to the public would have a nominal value of IDR 100. Then, they would be issued with a set price of IDR 200 per share.
With the mentioned price, the company would potentially collect fresh funds of IDR 173.23 billion. Furthermore, Triputra Agro has assigned PT Ciptadana Sekuritas Asia and PT Trimegah Sekuritas Indonesia Tbk (TRIM) as the underwriters.
According to idnfinancials.com, Triputra Agro currently owns a 170-hectare plantation. As of September 30, 2020, the company has reported sales up to IDR 3.56 trillion and a net profit of IDR 244.33 billion. (KR/ZH)