JAKARTA. PT Akselerasi Usaha Indonesia Tbk (AKSL), a fintech P2P lending company, will hold an initial public offering (IPO) of 2.99 billion shares on the Indonesia Stock Exchange (IDX). 

The number of shares offered by AKSL is equivalent to 29% of the issued and paid-up capital after the IPO. Each share has a nominal value of IDR 25 per share, and will be offered at a price of IDR 100 to IDR 120 per share. Assuming the exercise price at the initial offering limit is IDR 120 per share, AKSL has the potential to reap fresh funds of up to IDR 358 billion from this corporate action.

In the prospectus submitted, AKSL plans to use as much as IDR 36.5 billion of IPO proceeds to acquire PT Pratama Interdana Finance (PIF). Then as much as IDR 200 billion will be channeled as a capital deposit to PIF, to support financing activities. The rest will be used for the company's working capital. 

AKSL appointed PT BCA Sekuritas and PT BRI Danareksa Sekuritas as underwriters for the issuance of securities. The initial offering of shares is scheduled to take place on 3-18 July 2023. The public offering period will be held on 1-7 August 2023 and listing of shares on the IDX on 8 August 2023. (KR/LM)