HomeNewsVideos

Moratelindo to debut, offering 2.61 billion shares in IPO

12 July 2022 11:25

JAKARTA. PT Mora Telematika Indonesia Tbk (MORA) or widely known as Moratelindo, gears up towards its initial public offering (IPO) of 2.61 billion new shares in Indonesia Stock Exchange (IDX).

The amount of shares issued in IPO is equal to 11% of Moratelindo’s entire issued and paid-up capital. Each share is valued at IDR 100 and will be offered for a price within the range of IDR 368 to IDR 396 per share.

Thus, with said price range, Moratelindo might gain fresh funds of IDR 1.03 trillion at most during this IPO.

Moratelindo has assigned PT BNI Sekuritas and PT Sucor Sekuritas as its underwriters. The book-building phase will last from July 12 to 18, 2022. Then, the main public offering event will take place from July 29 to August 2, 2022.

Currently, 45.71% of Moratelindo’s shares are under the control of Candrakarya Multikreasi. Another 33.78% belongs to PT Gema Lintas Benua, leaving the remaining 20.51% to PT Smart Telecom. (KR/ZH)

© 2024 - IDN Financials - All Rights Reserved.