JAKARTA. PT RMK Energy Tbk (RMKE), a coal mining company under PT RMK Investama, would commence its initial public offering (IPO) in Indonesia Stock Exchange, aiming to score fresh funds of IDR 201.25 billion at most.
The number of RMKE’s shares to be put forward to the public amounted to 875 million shares, as stated in the prospectus received by idnfinancials.com. The said number would equal 20% of the company’s issued and paid-up capital. Each share has a face value of IDR 100 and would be offered with a price ranging from IDR 160 to IDR 230 per share.
RMKE budgeted IDR 67.87 billion of IPO proceeds to settle some payments for conveyor line upgrade and stacker conveyor assembly to PT Rantaimulia Kencana. Then, another IDR 50 billion would also be spent on paying principal debt value owed to PT Bintang Timur Kapital, while allocating the rest to its working capital.
The book-building period was scheduled from November 10 to 15, 2021. Then, the electronic distribution would take place on December 6, 2021, while the stock exchange recording would follow the next day on December 7, 2021.
RMKE had appointed PT Indo Capital Sekuritas as the underwriter, while the others would be announced in the near future. (KR/ZH)