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Techno9 Indonesia eyes IDR 38.88 billion in IPO

24 October 2022 13:19

JAKARTA. PT Techno9 Indoensia Tbk (NINE) is gearing up towards its debut through the initial public offering (IPO) of 432 million shares in Indonesia Stock Exchange (IDX).

In the issued prospectus, the number of shares offered by NINE is equal to 20.03% of its full issued and paid-up capital post-IPO. Each share has a face value of IDR 10 and will be offered for IDR 70-90 per share.

Assuming that NINE will exercise the highest price in IPO, which is IDR 90 per share, NINE may potentially gain IDR 38.88 billion of fresh funds from this IPO.

Approximately 52.66% of the proceeds that NINE gains from this IPO will be spent on expanding the business, including purchasing supplies of goods and funding operational needs of the office. Then, another 32.09% will be invested in establishing 19 service points, leaving the remaining 15.25% to acquire a storage warehouse.

NINE has assigned PT Victoria Sekuritas Indonesia as the underwriter. The book building will commence on October 20 until 25, 2022, tailed by the main public offering event on November 1-3, 2022, and the listing on IDX on November 7, 2022.

Based on the data curated by idnfinancials.com, NINE is an official distributor and business partner of several renowned brands of IT devices, including HP, Lenovo, Fujitsu, Epson, Microsoft, Kaspersky, Dell, Cisco, and many others. (KR/ZH)

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