JAKARTA. PT Global Niaga or Blibli.com will commence its initial public offering, issuing 17.77 billion shares of IDR 250 each. By setting the execution price to IDR 410-460 per share, the fresh funds raised through this corporate action are estimated to reach IDR 7.28 trillion to IDR 8.17 trillion.
Then, based on the prospectus quoted today (17/10), out of the total estimated IPO proceeds, approximately IDR 5.5 trillion will be utilised to pay back the entire outstanding debts of banking facility. The remaining will then be stored and used as the working capital.
The public offering will take place from November 1 to 3, 2022, followed by the listing on Indonesia Stock Exchange (IDX), which is scheduled for November 7, 2022. Then, BCA Sekuritas and BRI Danareksa Sekuritas will perform their roles as the underwriters in this IPO. (AM/ZH)