JAKARTA. PT Ketrosden Triasmitra Tbk (KETR) will commence its initial public offering (IPO) of 426.2 million shares in Indonesia Stock Exchange soon this November.
The number of shares offered in IPO will be equal to 15% of KETR's issued and paid-up capital post-IPO. Each share has a face value of IDR 100 and will be offered for IDR 246-360.
Assuming that KETR will set the IPO price to the highest rate of IDR 360 per share, the company will be able to collect fresh funds of up to IDR 153.43 billion in this corporate action.
The public offering will take place from November 1 to 3, 2022, followed by the electronic distribution of the shares on November 4, 2022. The public listing will then conclude the process on November 7, 2022.
KETR has assigned PT Shinhan Sekuritas Indonesia as the underwriter. Then, as mentioned in the IPO prospectus, the company will utilise the entire proceeds as working capital.
According to idnfinancials.com data, KETR is a company engaged in the telecommunication infrastructure industry. It also manages distribution and maintenance of under-sea optical telecommunication network. (KR/ZH)