JAKARTA - The Financial Services Authority (OJK) on Tuesday (31/8) has issued an effective statement to PT Global Sukses Solusi Tbk to conduct an Initial Public Offering (IPO) of 196.8 million ordinary shares with nominal value of IDR4,-
With the acquisition of the effective statement from the OJK, the Company starting from September 2 to September 6, 2021, will begin conducting an Initial Public Offering of shares at a price of IDR 254 per share. Thus, the Company will receive a total proceeds from the IPO amounting to IDR49.98 billion.
Furthermore, the Company will make an allotment on September 6, 2021, and the date of distribution of shares electronically on September 7, then listing on the Indonesia Stock Exchange (IDX) on September 8, 2021.
PT Global Sukses Solusi Tbk will release approximately 20.01% of the total issued and fully paid capital of the Company after the IPO. The Company will also list all ordinary shares on behalf of the shareholders prior to the initial public offering of 786,757,875 shares. Therefore, the total number of shares to be listed on the Indonesia Stock Exchange (IDX) is 983,557,875 ordinary shares on behalf of or 100% of the fully paid-up capital after this offering.
The company’s main business activity is providing integrated Enterprise Resource Planning (ERP) software solutions, from upstream to downstream business processes (integrated end to end user business processes) for all businesses from medium to large scale. The Company also has four types of products, namely Run System which is ERP software, Run Market which is an enterprise intermediary platform, Run iProbe (HR enterprise solution system) and iKas which is a point of sales platform. (LM)